China People's Insurance (601319): The comprehensive cost ratio increased year-on-year, and life insurance NBV achieved significant growth

[Incident] China People's Insurance Company announced results for the first quarter of 2024:1) Net profit to mother was 8.96 billion yuan, or -23.5% year-on-year. Net profit from financial insurance/life insurance/health insurance was 5.87 billion yuan, 3.82 billion yuan, and 15, respectively.

海通證券May 1 15:26

The five major listed insurers' profit pressure is due to different reasons. What should I do about the decline in equity investment income? China People's Insurance: Will increase the share of such assets

① People's Insurance Director and Secretary Zeng Upstream responded that the decline in profit in the first quarter was due to factors such as increased compensation expenses and fluctuations in equity assets; ② Zeng Upstream said that China Insurance Assets are implementing “investment enablement projects” and increasing the share of OCI assets to enhance the stability of investment income; ③ insurers' profits in the first quarter were generally under pressure, with different reasons.

cls.cnApr 30 20:03

Changes in Hong Kong stocks | China Insurance (01339) is now down more than 4%, net profit in the first quarter fell 23.5% to RMB 8.963 billion

China People's Insurance (01339) is now down more than 4%. As of press release, it is down 3.72% to HK$259, with a turnover of HK$130 million.

Zhitong FinanceApr 30 15:03

China People's Insurance (601319): Life insurance NBV high increase financial insurance coverage is under pressure

1Q24 net profit fell short of our expectations, China Insurance announced 1Q24 results: Comprehensive Financial Insurance Cost Ratio (CoR) +2.2ppt to 97.9% year on year, lower than our expectations, mainly due to the impact of the freezing rain disaster exceeding our expectations

中金公司Apr 30 11:51

Selected announcements | BYD's net profit for the first quarter increased by nearly 11% year-on-year; CNPC's profit for the first quarter exceeded 45 billion yuan

ICBC's first quarter revenue fell nearly 3% year on year; Vanke Enterprise's first quarter revenue fell by more than 10% year on year.

cls.cnApr 30 08:11

China People's Insurance (601319) 2024 Quarterly Report Review: NBV has soared, and COR being better than peer investment is dragging down net profit

Note: The company announces its 2024 quarterly report. 2024Q1 achieved insurance service revenue of 126.2 billion yuan, +7.7% year over year; net profit to mother of 9 billion yuan, -23.5% year over year; weighted average ROE of 3

華創證券Apr 30 07:41