People's Insurance Company of China and New China Life pay out dividends exceeding 10 billion yuan, with the five major insurance companies distributing cash bonuses one after another.

Recently, China Life Insurance and PICC announced that they will distribute dividends for the 2024 annual A shares this week, with a total dividend amount exceeding 10 billion yuan. The cash dividend payment date is August 8th. At that time, the five major listed insurance companies will have completed their 2024 annual dividends. In addition, with the previous semi-annual dividends, the five major listed insurance companies have distributed a total of 90.789 billion yuan in dividends in 2024, an increase of over 20% compared to the previous year. Furthermore, the interest rates for life insurance products will be lowered in September this year. Industry insiders believe that this move will reduce the cost of liabilities for insurance companies, alleviate pressure on profit margins, and help improve the valuation of insurance stocks.