Changes in Hong Kong stocks | Domestic insurance stocks continue to fall, fluctuations in the equity market compounded by factors such as a high base, etc., and the growth rate or pressure on insurers' performance in the third quarter

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that domestic insurance stocks continued their recent decline today. As of press release, Xinhua Insurance (01336) fell 3.59% to HK$38.08; China People's Insurance Group (01339) fell 2.66% to HK$4.76; China Life (02628) fell 2.08% to HK$22.62; and China Taibao (02601) fell 1.85% to HK$25.42.

According to the news, the performance of A-shares and H-shares in the third quarter of this year lagged significantly behind the same period last year. Combined, the scale of equity allocation among insurers continued to increase, which is expected to have a big impact on profits. Shen Wan Hongyuan's research report pointed out that under the influence of high base+new reporting and banking+equity market fluctuations, the third quarter's performance growth rate was under pressure.

Huachuang Securities believes that on the debt side, new orders are expected to shrink significantly in the third quarter under the influence of the new bank insurance policy No. 65, dragging down NBV growth; industrial insurance is expected to increase year-on-year under the strong El Niño phenomenon, and consolidated reporting is expected to lead to cost optimization but not fully offset the negative impact on the compensation side.