Life insurance monthly year-on-year growth rate exceeds 38%, ping an insurance (601318.SH/2318.HK) value engine momentum continues to release.
Recently, the hot discussion on the delay retirement policy has aroused widespread public attention to the retirement issue. This policy clearly promotes residents to pay more attention to personal retirement planning and generates greater demand for commercial retirement insurance. Based on this, Ping An, as a leading insurance company with a deep layout in the medical retirement service industry, is also embracing a greater historical opportunity. Recently, Ping An's premium data for the first eight months has been released, and the data shows a steady growth trend. So, what signals worth paying attention to are conveyed behind this? How should we view the long-term development opportunities faced by the company? 1. Insights into the premium data for the first eight months: Establishing a turning point and unlocking new growth opportunities. First, let's take a look.
The suspension of sales is driving! In August, the premium for personal insurance in the five major A-share insurance companies skyrocketed, with Xinhua and PICC Life's monthly growth rate exceeding 90%.
1. Under the effect of "suspension of sales", life insurance new policies did not decrease in August. 2. In the month of August, New China Life Insurance and China Life Insurance saw a staggering year-on-year increase of 122% and 95% in premium income. 3. In the month of August, Ping An Life Insurance, China Life Insurance, and Taikang Life Insurance saw a year-on-year growth of over 25% in premium income.
Ping An Insurance's original premium income exceeded 620 billion yuan in the first eight months. Evergrande has submitted a liquidation request for its subsidiary companies. Selected announcements for September 13th in the Hong Kong stock market.
① Ping An Insurance's original premium income exceeded 620 billion yuan in the first eight months, how is the growth rate? ② What are the highlights of Evergrande's application for liquidation of its subsidiary?
Ping An Insurance (02318.HK) life insurance original insurance premium income for the first eight months increased by 9.1% annually.
Ping An Insurance (02318.HK) announced that the premium income of Ping An Property Insurance under its original insurance contracts increased by 5.3% to 211 billion yuan in the first eight months of this year. The annual premium income of Ping An Life Insurance rose by 9.1% to 384.629 billion yuan, while the annual premium income of Ping An Retirement Insurance fell by 2.4% to 12.812 billion yuan and the annual premium income of Ping An Health Insurance increased by 13.7% to 12.265 billion yuan.
Ping An Insurance (02318.HK) had a total premium income of approximately 620.706 billion yuan from January to August, a year-on-year increase of 7.64%.
On September 13, Guolonghui announced that in January-August 2024, its subsidiaries, Ping An Property Insurance Company of China, Ping An Life Insurance Company of China, Ping An Pension Insurance Company, and Ping An Health Insurance Company, had original insurance contract premium income of approximately RMB 210.9999 billion, 384.62875 billion yuan, 12.81192 billion yuan, and 12.26534 billion yuan, totaling approximately 620.706 billion yuan, a year-on-year increase of 7.64%.
Express News | Ping An Insurance: Cumulative life insurance premium income of 384.63 billion RMB.