China Life Insurance Company Limited (CILJF) Q3 2024 Earnings Call Transcript Summary
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New China Life Insurance third-quarter report: weak premium growth, substantial net profit surge, sustainability of high investment income questioned by industry insiders.
1. In the first three quarters, new china life insurance achieved a net income attributable to the parent company of 20.68 billion yuan, a staggering increase of 116.7% year-on-year; 2. In the first three quarters, new china life insurance achieved an original premium income of 145.644 billion yuan, showing weak growth of 1.9% year-on-year; 3. In the first three quarters, the annualized comprehensive investment yield was 8.1%, up 5.1 percentage points year-on-year.
china life insurance third quarter report released: net income attributable to mother breaks one trillion for the first time, 'report and operation integrated' has been implemented in individual insurance channels, will moderately increase investment in h
①China Life Insurance achieved a net income attributable to the parent company of 104.523 billion yuan in the first three quarters, a year-on-year increase of 173.9%; ②moderately increasing high-quality high dividend stocks investment, grasping the right allocation pace and investment safety margin; ③favors stable operational performance, sound corporate governance, reasonable market valuation, and high dividend yield leading industries.
103906959 : what crash?
103906959 : adding SHCOMP
每天都在學習中 : Smart... the value of US stocks is already high... foreign capital will definitely flow out... where it will flow to is unknown... all possible reasons for the end of the clear gold standard in five countries... it is because they do not want the US dollar to dominate.
103906959 : you have not identified the global situation correctly.
when US stocks are highly priced, global hot money will go to Europe, gold, bond, bitcoin, only a small amount will go to China stock, even when China stocks are priced low, there is low confidence in China, that's the global situation now.
if you do not understand geopolitics, demographic, and you only look at price and stock value itself, you will not be able to understand how the global institutional investors work, and get stuck in China market.
103906959 每天都在學習中 : don't look at BRICS, they are nothing. They don't mean anything, they don't influence anything.
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