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Tianfeng Securities: MLF downgrade 10bp Bank may continue to benefit from stable growth environment
The premiums of the top five listed A-share insurance companies have all achieved positive growth in the first 7 months and property insurance has returned to double-digit growth rate.
The first new product of Zhou Yingbo's "running for private activities" sold 3 billion yuan.
Ping An Insurance (601318.SH)'s premium income in the first seven months was 486.199 billion yuan.
Zhitong Financial App News, Ping An Insurance (601318.SH) announced that the original insurance contract premium income of the following subsidiaries during the period from January 1, 2022 to July 31, 2022 is: Ping An Insurance property Insurance Co., Ltd., January-July original insurance contract premium income 170.812 billion yuan, Ping An Insurance Life Insurance Co., Ltd. January-July original insurance contract premium income 293.962 billion yuan The original insurance contract premium income of Ping an Endowment Insurance Co., Ltd. from January to July is 12.901 billion yuan, and the original insurance contract of Ping an Health Insurance Co., Ltd from January to July.
Ping An Insurance: the original premium income from January to July was 486.2 billion yuan.
Ping An Insurance (02318.HK): the original premium income from January to July was 486.199 billion yuan.
Ping An Insurance (02318.HK) announced that from January to July 2022, the premiums of the original insurance contracts of the company's subsidiaries Ping An Insurance property Insurance Co., Ltd., Ping An Insurance Life Insurance Co., Ltd., Ping an Endowment Insurance Co., Ltd., and Ping an Health Insurance Co., Ltd. were 170.81185 billion yuan, 293.96174 billion yuan, 12.90131 billion yuan and 8.52396 million yuan respectively. The total is about 486.199 billion yuan.
HSBC's Case Against Spinoff Doesn't Convince Largest Shareholder Ping An, Bloomberg Reports
--Ping An Insurance Group Co. hasn't been swayed by HSBC Holdings PLC's arguments against a proposed split of its Asia operations, saying the bank requires urgent and radical change, Bloomberg reports
Ping An Insurance estimates that if HSBC splits its business, it will bring an additional market capitalization of US $25 billion to US $35 billion.
Changes in Hong Kong stocks | China Pacific Insurance (02601) rose more than 5%, leading insurers to say that the decline in life insurance business narrowed the upside of property insurance every quarter.
Zhitong Financial APP learned that domestic insurance stocks rose in the afternoon. As of press time, China Pacific Insurance (02601) rose 4.77% to HK $16.68; China Taiping (00966) rose 2.93% to HK $8.08; Ping An Insurance (02318) rose 2.75% to HK $44.9; New China Life Insurance (01336) rose 2.68% to HK $18.40. Galaxy Securities pointed out that due to the decline in the base, the adjustment of product sales strategy and the gradual stabilization of the team of agents, the decline in core business indicators of life insurance of insurance companies narrowed quarter by quarter, and the margin of debt improved. Be relieved by the epidemic situation and be stimulated by automobile consumption
The insurance sector rose sharply in the afternoon, Tianmao Group rose by the daily limit, China Life Insurance Company Limited rose more than 5%, New China Life Insurance, China Pacific Insurance, Ping An Insurance, PICC and so on have pulled up.
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