Original title: Half-year transcripts of A-share listed listed insurance companies: Total premium income exceeded 1.4 trillion yuan, up 9% year-on-year. Source: International Finance News
According to "International Finance News" reporter statistics, this year 1 During the period from January 1 to June 30, 2019, the five listed A-share insurers achieved a total premium income of 1,426.842 billion yuan, a year-on-year increase of 9%. As of July 18, the premium income of the top five listed companies in the A-share market was all released.
According to the statistics of the "International Finance News" reporters, from January 1 this year to June 30, 2019, the five listed A-share insurers achieved a total premium income of 1,426.842 billion yuan, a year-on-year increase of 9%. The accumulated original premium income of China Life Insurance, Ping An Insurance, China Pacific Insurance, China Personal Insurance and Xinhua Insurance were respectively 378.2 billion yuan, 446.24 billion yuan, 207.03 billion yuan, 32.138 billion yuan and 73.99 billion yuan, a year-on-year growth rate of 5% and 9.4% respectively. 8.7%, 12.7%, 9%.
PICC P&C insurance premiums and growth rate double harvest
Let's take a look at the performance of the listed insurance group's property insurance companies.
The overall growth rate of the three property insurance companies was relatively stable, mainly relying on non-vehicle business.
The status of “one brother” of PICC P&C insurance is still very strong, and both the premium income and the growth rate are far ahead. In the first half of this year, the accumulated original premium income was 235.3 billion yuan, a year-on-year increase of 14.9%; 123]The original premium income of CPIC Property Insurance in the first half of the year was 68.6 billion yuan, a year-on-year increase of 12.3%, ranking second. The original premium income of Ping An Property Insurance in the first half of the year was 130.5 billion yuan, a year-on-year increase of 9.8%. In addition, auto insurance remains the largest contributor to the premium income of the three property insurance companies. Among them, PICC P&C insurance premium income was 127.5 billion yuan, up 4.2% year-on-year, accounting for 54.2% of total premium income; Ping An Property & Casualty Insurance premium income was 92.3 billion yuan, up 9% year-on-year, accounting for 70.8% of the company's total premium income; The insurance premium income of CPIC Property Insurance was 46.1 billion yuan, a year-on-year increase of 5.2%, accounting for 67.3% of the company's total premium income. Especially worth mentioning is that according to the data of the first half of the year, PICC P&C insurance and non-auto insuranceThe proportion of business is close to 5:5, of which accident and health insurance is the second largest business after auto insurance, achieving the original premium income of 40.937 billion yuan, an increase of 40.99% over the same period of last year, which has become the overall realization of PICC. The main pulling force of high speed increase. Xinhua growth rate first Health insurance company continued high growth What kind of "high school entrance examination" transcripts have been handed over by five life insurance companies?
[ 123] As the life insurance “big brother”, China Life Insurance accumulated the original premium income of 3,782 yuan in the first half of the year, up 5% year-on-year;
Ping An Life Insurance followed the original premium income of 29.99 billion yuan and achieved 8.9%. The growth rate of
"Lao San" Taibao Life Insurance was 138.4 billion yuan, up 6.5% year-on-year;
Xinhua Insurance realized the original premium income of 74 billion yuan, up 9% year-on-year. The fastest-growing life insurance company;
PICC Life’s original premium income was 70.8 billion yuan, a year-on-year increase of 1.3%, slightly weak.
Refocus on two professional health insurance companies. Overall, the two health insurance companies continue to maintain their growth momentum.
Among them, PICC Health's accumulated original premium income in the first half of the year was 15.2 billion yuan, up 43.4% year-on-year; Ping An Health's original premium income was 3.05 billion yuan, up 74.3% year-on-year.
Multi-brokers are optimistic about the performance of listed insurance companies in the mid-year report
"International Finance News" reporter also noted that with the rush of the China Daily market, most brokers are insured The industry's interim results are optimistic.
On July 16, Shen Wan Hongyuan Research said that the semi-annual performance of listed insurance companies is expected to increase substantially due to multiple favorable factors. Specifically, the positive factors are mainly manifested in three aspects:
First, the performance of the equity market is better than that of the same period of last year. It is expected that the semi-annual investment income of listed listed companies will improve year-on-year;
It is expected that the reserve interest rate will have downward pressure at the end of the year, and the interim results will continue to be released.
The third is the increase in the pre-tax deduction of fees and commissions. It is expected that the tax transfer will be reflected in the semi-annual report. Vibrate net profit performance.
Haitong Securities' non-bank financial team published a research report on July 15th, saying that the insurance company's net profit in the first half of the year will increase significantly, benefiting from the increase in the pre-tax deduction of fees and commissions and the rise in the stock market. According to the team's expectation, if the income tax reduction in 2018 is all transferred back to the first half of 2019, the net profit of Ping An, China Life Insurance, China Pacific Insurance and Xinhua Insurance in the first half of the year will increase by 56%, 108% and 76% respectively. 54%; if only half of the return, the net profit of the returning mother increased by 46%, 93%, 50%, 38%, respectively.
Pacific Securities also believes that the insurance sector has long-term certainty, good growth, and the current valuation of the insurance sector is still in a historically low position.