HK Stock Market Move | New China Life Insurance (01336) opens over 6% higher, net profit expected to increase by 45%-65% year-on-year in the first three quarters, profits and ROE reach a historical high.

New China Life Insurance (01336) opened more than 6% higher, rising 6.22% to HK$49.5 as of the time of writing, with a total transaction value of HK$421.295 million. On the news front, New China Life Insurance announced that it expects its net profit attributable to shareholders for the first three quarters of 2025 to be between RMB 29.986 billion and RMB 34.122 billion, a year-on-year increase of 45% to 65%. The performance growth is mainly due to the company deepening reform and development, enhancing the value and operating quality of insurance business, promoting transformation towards dividend insurance, optimizing asset allocation, and continuing to achieve substantial growth in investment income on a high base from the same period last year. Founders pointed out that New China Life Insurance's NBV and premiums have grown rapidly, profits and ROE have reached historic highs; with the contribution of promoting bank-insurance integration and the expected reduction in target interest rates, NBV is expected to maintain its current growth rate. At the same time, the proportion of equity allocation in the company is significantly higher than that of its peers, and under a recovering market, profit growth is expected to continue to increase.