HK Stock Market Move | Stocks of domestic insurance companies rose in early trading, maintaining a growth momentum in premium income of listed insurance companies in the first 10 months of the year. The attention on the " New Year's Day performance" of the past 25 years has increased.

During the morning session, insurance stocks rose, as of press time, New China Life Insurance (01336) rose by 4.56% to 25.2 Hong Kong dollars; China Life Insurance (02628) rose by 3.52% to 15.9 Hong Kong dollars; China Pacific Insurance (02601) rose by 4.41% to 26.05 Hong Kong dollars; and CHINA TAIPING (00966) rose by 3.4% to 12.76 Hong Kong dollars. In terms of news, according to market reports, from January to October 2024, the five largest listed insurance companies in China, Ping An Insurance, China Life Insurance, The People's Insurance, China Pacific Insurance, and New China Life Insurance, achieved a total premium income of 2.52 trillion yuan, an increase of approximately 5.7% year-on-year. The premium income of listed insurance companies maintained a good growth momentum in the first ten months, indicating that there is no pressure on the year-on-year growth of premium income for the full year. Currently, the industry is particularly concerned with the performance of the life insurance industry in early 2025. Guosen released a research report stating that in the third quarter of 2024, the capital markets rebounded significantly, combined with the stabilization of long-term interest rates, resulting in a significant recovery in the asset side of listed insurance companies, driving revenue and profits to achieve high growth rates. As of the end of the third quarter of 2024, the five listed insurance companies in China achieved a total operating income of 2,089.66 billion yuan, a substantial increase of 21.7% year-on-year. Considering the diverse demands in the industry such as pensions, healthcare, wellness, and savings, as well as the initial effectiveness of channel and product reforms, it is expected that the premium growth rate for the "New Year" in 2025 will be around 7% to 8%, corresponding to a NBV growth rate of 25%. On the asset side, listed insurance companies have seized the opportunity of market rebound, and investment returns have significantly improved.