Cinda Securities released a research report on April 27 stating that it gave China Taibao (601601.SH) a purchase rating. The main reasons for the rating include: 1) steady performance on the debt side and positive year-on-year increase in net profit; 2) l
Cinda Securities released a research report on April 27 stating that it gave China Taibao (601601.SH) a purchase rating. The main reasons for the rating include: 1) steady performance on the debt side and positive year-on-year increase in net profit; 2) life insurance business: the value of the new business increased sharply year on year, and the “Changhang” Phase II project is expected to continue to consolidate NBV performance; 3) Industrial insurance business: reasonable and steady growth in scale and further improvement in underwriting quality. (Mainichi Keizai Shimbun)
China Taibao (601601): Performance has completely exceeded expectations, and the corporate governance structure has been further improved
Introduction to this report: Net profit to mother in 24Q1 was 1.1% compared to the same period, which is expected to be driven by investment improvements and income tax relief; the transformation of Changhang will drive NBV growth; the COR of industrial insurance will improve, and investment income is stable. Cai Qiang will be appointed as a non-executive director to benefit the company's governance
China Taibao (601601): Positive growth with high profit base, value rate increase exceeds expectations
Core view: The company disclosed its quarterly report: net profit to mother +1.1% YoY, NBV +30.7% YoY. Net profit returned to mother in the first quarter was +1.1% year-on-year. It still achieved growth in the context of a high base, exceeding market expectations. Invest on the one hand
中國太保:2024年第一季度報告
Express News | China Taibao: Net profit for the first quarter was 11.759 billion yuan, up 1.1% year on year.
China Taibao (601601): Profit growth exceeds expectations, NBV grew rapidly year-on-year
Incident: The company disclosed results for the first quarter of 2024, which were better than expected. The company achieved net profit of 11.8 billion yuan/yoy +1.1% in 1Q24, and a new business value of 5.191 billion yuan/yoy +30.7%, good
China Taibao (601601): NBV and net profit are both expected to outperform major peers
The company disclosed the 2024 quarterly report, life insurance NBV was 5.191 billion, +30.7% year on year; original insurance premiums of industrial insurance were +8.6% year on year, and the comprehensive cost ratio was 98.0%, -0.4 pt year on year; net profit to mother 1
China Taibao (601601): Profits are progressing steadily under the challenge of losing ground when Langsha runs out
1Q24 net profit is better than our expectations China Taibao announced 1Q24 results: new life insurance business value (NBV) +30.7% year-on-year, in line with our expectations; comprehensive financial insurance cost ratio (CoR) -0.4ppt to 9 year-on-year
China Taibao (601601): Strong growth in life insurance business
Profit increased slightly, and insurance service performance increased steadily, and China Taibao announced 1Q24 results on April 26, EPS RMB1.22, which is basically the same as the same period last year (RMB1.21). According to our calculations, the insurance service industry
CICC: Life insurance profits may exceed expectations, Chinese life insurance welcomes medium-term investment opportunities
Chinese life insurance currently has medium-term investment opportunities.
Hong Kong Stock Afternoon Review | Hang Seng Index rose slightly by 0.55%, Great Wall Motor rose nearly 10%, and Bilibili rose nearly 4%
Photovoltaic solar energy stocks rose one after another; Xinyi Solar Energy and GCL Technology rose nearly 3%; insurance stocks generally rose; China Taiping rose more than 4%, and China Ping An rose nearly 3%.
Intraday Overview | The Hong Kong Stock Index opened low and moved higher. After the resumption of trading, Shangtang is now up more than 12%
Technology stocks generally rose. Shunyu Optical Technology rose more than 7%, Huahong Semiconductor rose nearly 5%; Great Wall Motor rose more than 12%, and Q1 net profit surged year-on-year.
What hurt the Tianqi lithium industry's “thunderstorm” the most was insurance capital? China's Taibao lost more than 60% of its holdings after listing, and insurance capital generally lost money on the books in the past two years
① Tianqi Lithium's financial report for the first quarter caused the company's stock price to fall to a halt today, and Hong Kong stocks fell by more than 19%; ② China Taibao and its holding subsidiaries listed Tianqi Lithium lost more than 60%; ③ data shows that insurance companies have generally faced book losses in the past two years. A number of insurance companies put up their licenses to buy at a phased high point.
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.
Intraday Overview | Hong Kong stocks fluctuated higher, the Tech Index rose more than 2%, and Shangtang surged nearly 30%
Technology stocks showed strong performance. Bilibili rose nearly 7%, Kuaishou rose more than 5%, and Lenovo Group rose nearly 5%.
Express News | The premiums of the top five listed insurers “three rises and two drops” in the first quarter
Isn't spending 8,000 a year on insurance enough? The latest report predicts that insurance consumption will further recover, and online insurance purchases may overtake offline
In the future, premiums from various online channels will increase significantly, and online channels may overtake offline channels. After a sample survey of more than 3,000 decision makers on household finance and insurance products, the “2023 China Internet Insurance Consumer Insight Report” (hereinafter referred to as the “Report”) issued by the China Insurance and Pension Research Center of Tsinghua Wudaokou University of Finance analyzed this trend.
The insurance industry's first solvency report for the first quarter of this year was released. Haibao Life's comprehensive solvency declined slightly. Last year, 6 insurers still fell short of the standards
The insurance industry's first solvency report for the first quarter of this year was released.
The premium for the 2024 edition of the Shanghai Huibao upgrade is still 129 yuan, with a cumulative total of more than 20 million insured applications over 3 years, and the compensation amount exceeds 1.6 billion yuan
① The premium for the 2024 version of Shanghai Insurance is still 129 yuan/year, and the guarantee liability has been “extended, one superior, and one increase”; ② Insured persons can use their personal account balance over the past year to enroll in the insurance for up to 6 immediate family members; ③ By the end of March 2024, the total number of Shanghai Huihui Insurance cases had been completed over 650,000 in 3 years, and the cumulative compensation amount exceeded 1.6 billion yuan;
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
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