[Brokerage Focus] BOCOM INTL maintains Buy rating on New China Life Insurance (01336), indicating strong growth on both the asset and liability sides in the first quarter.

Jinwu Financial News | BOCOM INTL Research Reports indicate that New China Life Insurance (01336) saw a 19% year-on-year profit increase in the first quarter, performing well compared to peers, with growth mainly driven by investment income. At the end of the first quarter, the net assets attributable to the parent decreased by 17% compared to the beginning of the year, a decline that exceeds peers. The report highlights that the new business value increased by 67.9% year-on-year in the first quarter, leading the industry in growth rate. Total investment income significantly rose year-on-year, outperforming competitors. Core solvency was significantly improved due to asset reclassification. The report further indicates that both total assets and liabilities experienced strong growth in the first quarter, but attention must be paid to the decrease in net assets, indicating room for improvement in asset-liability management.

Golden NewsMay 1 20:48 ET

Hong Kong stocks are moving | Mainland Insurance Companies generally rise, the five listed insurance companies have released their first quarter reports, and the new regulations for universal insurance will be implemented starting tomorrow.

Mainland Insurance Companies generally rose. As of the time of writing, New China Life Insurance (01336) increased by 3.47% to 28.35 HKD; PICC P&C (02328) rose by 2.88% to 14.28 HKD; The People's Insurance (01339) went up by 2.69% to 4.58 HKD.

Zhitong FinanceApr 30 03:36 ET

New China Life Insurance's Q1 Profit Rises 19%, Operating Income Jumps 26%; Shares Up 3%

MT NewswiresApr 30 02:09 ET

Hong Kong Stock Morning Report｜Two major insurance companies subscribed to the 2nd phase Fund of 20 billion yuan. The Hong Kong Stock Exchange has already contacted some companies regarding the "return of Chinese concept stocks."

① Two major insurance companies subscribed to 20 billion yuan for the Honghu Phase II Fund. ② The Hong Kong Stock Exchange has contacted some companies regarding the "return of Chinese concept stocks." ③ Li Yunzhe met with the President of the Hong Kong Monetary Authority, Eddie Yue Wai-man. ④ Tencent announced a restructuring of its mixed Yuan model research and increased investment in AI.

cls.cnApr 29 19:38 ET

New China Life Insurance (601336.SH) released its first-quarter performance, with a net income of 5.882 billion yuan, a year-on-year increase of 19%.

New China Life Insurance (601336.SH) published the first quarter report for 2025, with a revenue of 334 in the first quarter...

Zhitong FinanceApr 29 13:01 ET

Xinhua Insurance: Xinhua Insurance Report for the First Quarter of 2025

SZSIApr 29 12:00 ET · Announcements