Statistics of capital trend for CITIC Hong Kong Stock Connect (T+2)|September 17th
Capital trend of Zhitong Hong Kong Stock Connect | September 17th
The bond bull market with dividend overlay, the insurance industry's "investment side" finally sees a warming trend.
Only in the first half of 2024, five mainland insurance companies listed on the Hong Kong stock market have already exceeded 90% of last year's annual net profit attributable to shareholders.
UBS Group raises target prices for AIA Group (01299.HK) and Ping An (02318.HK), rated 'buy'.
ubs group has released a report on the mainland insurance business, indicating that the market seems to have abandoned critical illness insurance. The compound annual growth rate of new business value for critical illness insurance from 2018 to 2023 is -29%. The bank believes that driven by higher protection needs and the continuous expansion of coverage, the compound annual growth rate of new business value for critical illness insurance from 2026 to 2033 is projected to be 8%, exceeding GDP growth. The bank also believes that AIA (01299.HK) and Ping An (02318.HK) have prepared well to seize the opportunity in critical illness insurance. UBS points out that AIA's China business has a unique positioning, for example.
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?