Ping An Insurance (02318): Long-term service plan for the year 2024 has not yet implemented the share purchase.

Ping An Insurance (02318) announced that as of the date of this announcement, the company's long-term service plan for 2024 has not yet been implemented...

Zhitong FinanceJul 19 05:48 ET

Express News | JPMorgan Chase & Co's Long Position in H-Shares of Ping an Insurance Increases to 6.16% on July 15 From 5.51% - HKEX

ReutersJul 19 05:19 ET

China Merchants Securities: There may still be room for a reduction in life insurance reserve interest rates, will continue to be bullish on the sector's opportunities in the mid-year report.

Benefiting from the sustained supply and demand of savings insurance, it is expected that the NBV growth rate of listed insurance companies in the first half of 2024 will be above double digits and profits are also expected to increase.

Zhitong FinanceJul 19 03:10 ET

Haitong Securities: Strengthen product and service supply to create a comprehensive ecological system of 'insurance + retirement.'

Basic retirement insurance has a wide coverage, but currently faces significant payment pressures. As of the end of 2023, the number of participants in basic retirement insurance accounted for 76% of the total population that year, and has entered a phase of slow growth. In addition, the accumulated surplus is largely dependent on subsidies from various levels of government finance. According to the calculations of the Chinese Academy of Social Sciences, the accumulated surplus will be completely exhausted by 2035.

Zhitong FinanceJul 18 23:37 ET

[Brokerage Focus] Bocom Intl indicates that investment in insurance stocks still needs to continue to focus on the asset side. Currently, the valuation of the life insurance industry is low.

According to BOCOM Intl, in the first half of 2024, Xinhua's life insurance premium decreased by 8.4%, Taibao's by 1.2%, PICC's remained unchanged, while China Life and Ping An increased by 4.1% and 5.1%, respectively. The total premium growth of the five listed companies was 2.1%, and the premium growth rate continued to trend upwards. In the first half of 2024, premium for PICC, Ping An and Taibao's property insurance increased by 3.7%, 4.1% and 7.7% YoY, while premium for their car insurance increased by 2.5%, 3.4% and 2.8% respectively, all of which were higher than in 2023.

金吾財訊Jul 18 20:51 ET

Ping An Insurance (02318.HK) will distribute a cash dividend of RMB 1.50 per share.

On July 18th, Gelunhui reported that Ping An Insurance (02318.HK) announced a cash dividend of RMB 1.50 (including tax) per share. The ex-dividend date is July 25th, 2024, and the dividend payment date is July 26th, 2024.

Gelonghui FinanceJul 18 07:02 ET