The Zhitong Finance App learned that domestic insurance stocks continued their recent gains. As of press release, Xinhua Insurance (01336) rose 5.14% to HK$49.92; China China Insurance (01339) rose 3.85% to HK$6.21; Ping An (02318) rose 3.43% to HK$57.35; China Taibao (02601) rose 3.15% to HK$31.48; China (02628) rose 1.87% to HK$30.54.
According to the news, thanks to the continuous optimization of investment layouts and the phased improvement of the capital market, the total investment income of many insurers jumped in the first half of the year. China Life Insurance's total investment income for the first half of the year was 314.504 billion yuan, up 146.7% year on year; China People's Insurance's total investment income was 66.327 billion yuan, up 59.9% year on year; total investment income of China Ping An was 136.942 billion yuan, up 42.3% year on year; total investment income of Xinhua Insurance was 57.525 billion yuan, up 27% year on year; and China Taibao's total investment income was 66.022 billion yuan, up 16.1% year on year.
Cathay Pacific Haitong Securities released a research report stating that all of the listed insurers' interim results reports have been disclosed. Overall performance is in line with expectations, and the financial resonance has driven insurers' performance to continue to improve. The long-term valuation center is still affected by interest rates and the level of asset balance. It is expected that listed insurers will continue to optimize asset allocation, steadily increase equity assets, increase comprehensive investment returns, stabilize company profits and shareholder returns, be optimistic about recovering from low valuations, and maintain the industry's “gain” rating.