China Galaxy Securities: In March, the growth rate of premium income returned to positive, and the year-on-year decline in life insurance narrowed.

The current reduction in deposit interest rates enhances the advantages of savings-type products. Although the growth rate of life insurance premiums has slowed down temporarily, the overall trend remains positive; policies that boost consumption-related factors are driving an expansion in expectations for the Passenger Vehicle sales market, which is Bullish for the continued growth of property insurance premiums.

Zhitong Finance03:19 ET

Investors in China Life Insurance (HKG:2628) Have Seen Favorable Returns of 39% Over the Past Year

Simply Wall St21:24 ET

[Brokerage Focus] BOCOM INTL maintains Buy rating on China Life Insurance (02628), noting that its first-quarter profit and net asset growth rate lead the industry.

Jinwu Financial News | BOCOM INTL Research Reports indicate that China Life Insurance (02628) saw a year-on-year profit growth of 39.5% in the first quarter, despite total investment income decreasing by 16.8%. The profit growth primarily came from the performance of the Insurance services. In the first quarter, Insurance service revenue remained flat year-on-year, but Insurance service expenses decreased significantly by 33%, contributing noticeably to profit. The report pointed out that premium income grew by 5% year-on-year, mainly driven by renewal premiums, with the proportion of variable income products increasing. The new business value on a comparable basis increased by 4.8% year-on-year, with a growth rate lower than that of peers. Investment income declined year-on-year, mainly affected by the rising bond yields. The report continued, 1

Jingwu Financial News20:36 ET

Morgan Stanley: China Life Insurance (02628) reported first-quarter earnings that exceeded expectations, with a rating of "Shareholding".

Overall, the bank believes that the performance of China Life in the first quarter is satisfactory, especially the performance of the Financial Indicators.

Zhitong FinanceApr 30 05:00 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