[Hong Kong Stock Connect] The net profit of China Taibao (02601) in the first quarter increased 1.1% year on year, and the value of the new life insurance business increased 30.7% year on year
Jinwu Financial News | China Taibao (02601) announced that in the first quarter of 2024, net profit was 11.759 billion yuan (RMB, same below), up 1.1% year on year; the group achieved operating income of 95.428 billion yuan during the period, an increase of 1.1% year on year; basic earnings per share were 1.22 yuan. In the first quarter, Taibao Life Insurance achieved large-scale premiums of $105.95 billion, of which new premiums were 32,833 billion yuan, up 0.4% year on year; new business value reached 5.191 billion yuan, up 30.7% year on year; insurance service revenue of 20.859 billion yuan, down 5.1 billion yuan year on year
中國太保:2024年第一季度報告
China Taibao (601601.SH): Net profit of 11.759 billion yuan in the first quarter
Gelonghui, April 26: China Taibao (601601.SH) released its report for the first quarter of 2024. During the reporting period, the company achieved operating income of 95.428 billion yuan, up 1.1% year on year; net profit attributable to shareholders of listed companies was 11.759 billion yuan, up 1.1% year on year; net profit attributable to shareholders of listed companies deducted 11.752 billion yuan, up 1.5% year on year; basic earnings per share were 1.22 yuan/share.
CICC: Life insurance profits may exceed expectations, Chinese life insurance welcomes medium-term investment opportunities
Chinese life insurance currently has medium-term investment opportunities.
Changes in Hong Kong stocks | Insurance stocks rose higher, AIA (01299) rose more than 3%. The original premium income of the top five insurers increased 0.96% year-on-year in the first quarter
The Zhitong Finance App learned that insurance stocks were higher. As of press release, AIA Insurance (01299) rose 3.69% to HK$50.55, China Life Insurance (02628) rose 3.79% to HK$9.87, China Taibao (02601) rose 3.51% to HK$16.5, and Ping An of China (02318) rose 3.18% to HK$34.05. According to the news, the five major listed insurers recently revealed the latest premium income situation one after another. According to the data, in the first quarter of this year, the five listed insurers obtained a total of 1066,423 billion yuan in premium income, compared with 10563 in the same period last year.
[Broker Focus] CMB International says the current life insurance industry has a low downside risk and a high margin of safety
Jinwu Financial News | According to CMB International Development Research Report, the premium income growth rate of listed life insurance companies declined in 1Q24, but the decline narrowed month by month. Thanks to the continued strong demand for savings insurance from residents under low risk preferences and the improvement in the value ratio of new banking insurance businesses, the bank expects the new business value of listed insurers to continue to grow rapidly in the first quarter. Based on the robustness of the underwriting side business, the bank is optimistic about China Taibao (02601). The growth rate of financial insurance premium income picked up in March, and the improvement in the pace of underwriting in non-vehicle policy businesses led to growth. The first quarter was affected by freezing rain disasters in some regions, and the industry's payout rate showed an upward trend. The bank expects the first quarter
Respond quickly to the disaster! China's Taibao made every effort to face heavy rainfall in many parts of Guangdong
Since April 19, heavy rain and partial torrential rain have occurred in many cities and counties in north-central Guangdong Province. River floods have risen rapidly, and the heavy rainfall process has continued. China Taibao attached great importance to it. Local branches quickly set up rescue and disaster relief teams to promptly issue early warning tips and protective measures to ensure that disaster management work was carried out in an orderly manner; countless Taibaolan went deep into the frontline of disaster damage in the wind and rain, investigated the disaster situation on the ground, made every effort to control flood and disaster relief in accordance with the guiding philosophy of “fast and accurate” disaster response, and provided customers with “fast, easy, and extremely warm” claims services. Midnight
中國太保:2023年度報告
Direct impact of changes | Domestic insurance stocks are generally rising, and life insurance is expected to get off to a good start as scheduled in the first quarter
On April 22, $China Life Insurance (BK1228) was up in early trading. As of press release, $China Life (02628.HK) $ rose 3.89% to HK$9.35; $Zhongan Online (06060.HK) $ rose 3.58% to HK$11.56; $China Taibao (02601.HK) $ rose 3.34% to HK$16.08; $China Ping An (02318.HK) $ rose 3.05% to HK$32.10. Market source: According to news from Futubull Niu Niu, the top five A-share listed insurers handed over their first-quarter responses. China Life Insurance, China Insurance
China Taibao (02601.HK) was reduced by 6.49,800 shares by Schroders PLC
Gelonghui, April 19 | According to the latest equity disclosure data from the Stock Exchange, on April 16, 2024, China Taibao (02601.HK) was reduced by 6.4998 million shares by Schroders PLC at an average price of HK$14.853 per share, involving about HK$96.5415 million. After the holdings reduction, Schroders PLC's latest shareholding was 244,939,734 shares, and the shareholding ratio dropped from 9.06% to 8.83%.
Insurance stocks generally rose, and Ping An (601318.SH/2318.HK) H shares surged 5%! Sorting out the logic that institutions are optimistic about
Recently, with the introduction of the new “National Nine Rules” and the Securities Regulatory Commission's delisting opinions, the overall performance of the capital market has been enthusiastic, and there is no shortage of positive expectations for future bull markets.
Hong Kong Shares Gain Amid Bets on Insurers
Hong Kong shares advanced on Thursday, led by gains posted by insurers and on hopes of a rally in mainland stocks. The Hang Seng Index climbed 0.82%, or 134.03 points, to finish the day's trade at 16,
Open source securities: regulation and care combined with own transformation drive the debt side to the positive focus on insurance asset-side catalysis
Listed insurers saw strong growth in NBV in 2023, and the debt-side boom is expected to continue until the 2024 quarterly report.
Changes in Hong Kong stocks | Domestic insurance stocks had the highest rise in early trading, leading to lower debt costs, and the asset side is expected to usher in marginal improvements
Domestic insurance stocks had the highest gains in early trading. As of press release, China Taibao (02601) rose 4.3% to HK$15.52; China Financial Insurance (02328) rose 2.5% to HK$10.24; Xinhua Insurance (01336) rose 1.68% to HK$13.32; and China Life Insurance (02628) rose 1.7% to HK$8.98.
Insurance stocks generally rose, China Taibao (02601) rose 3.9%. Institutions expect insurance stocks to experience a phased rebound in valuations
Jinwu Financial News | Insurance stocks generally rose. China Taibao (02601) rose 4.7%, China Ping An (02318), China Financial Insurance (02328), and China Taiping (00966) rose more than 2%, and Xinhua Insurance (01336) and China Life (02628) followed up%. The Huaxi Securities Research Report pointed out that from the debt side, in terms of personal insurance, overall premium income continued to grow in the first quarter, mainly due to the continued recovery of supply-side insurance channels. Although new banking insurance channel orders were under pressure, the drop in customs pressure brought about an improvement in debt quality; strong demand for savings from demand-side residents combined with continued reduction in deposit interest rates
Changes in Hong Kong stocks | China Taibao (02601) rose more than 4%. Institutions believe investment opportunities in insurance stocks are gradually shifting from left to right
China Taibao (02601) rose more than 4% and rose 4.57% to HK$15.56 at press time, with a turnover of HK$107 million.
Empowering rural revitalization with new productivity, China's Taibao launches the country's first Sannong Insurance AI digital person
“I am your explorer. I will continue to broadcast the Sanagricultural disaster prevention and mitigation knowledge to help everyone reduce costs and increase efficiency with digital and intelligent technology.” On April 16, at the country's first Qingmei AI conference held in Puning, Jieyang, Guangdong, China Taibao made a brilliant debut with the “Puning Meimei” Qingmei AI product and the country's first insurance AI digital “explorer” focusing on the “three rural” field. Digital people can accurately answer farmers' related questions, understand and meet individual needs, making disaster prevention and mitigation services more caring and efficient, and empowering the high-quality development of Sannong with new quality productivity. The country's first Ome AI released to help “small
Guoxin Securities: Listed insurers “got off to a good start” in March, and premium income basically bottomed out and rebounded
The five A-share listed insurers achieved original insurance premium income of 999.2 billion yuan from January to March 2024, a year-on-year decrease of 5.4%, and the decline narrowed month-on-month.
Goldman Sachs: Target price for China Taibao (02601) “neutral” rating reduced to HK$19
Goldman Sachs lowered China Taibao's (02601) life insurance profit forecast for the 2024 to 2026 fiscal year by 11% to 14%.
China Taibao (601601.SH): In January-March, the subsidiary Pacific Life Insurance's cumulative original insurance business revenue of 91,686 billion yuan decreased by 5.4% year-on-year
Gelonghui, April 15, 丨 China Taibao (601601.SH) announced that from January 1, 2024 to March 31, 2024, the cumulative original insurance business revenue of China Pacific Life Insurance Co., Ltd., our subsidiary was RMB 91,686 billion, down 5.4% year on year. The cumulative original insurance business revenue of our subsidiary China Pacific Property Insurance Co., Ltd. was RMB 62,491 billion, up 8.6% year on year.
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