Half-year transcripts of the five listed listed companies in



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%.

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.

It is particularly worth mentioning that according to the data of the first half of the year, the proportion of auto insurance and non-auto insurance business of PICC P&C is close to 5:5, of which accident and health insurance is second only to auto insurance. Big business, realizing original premium income 40937 million yuan, an increase of 40.99% over the same period of last year, has also become the main pull of the overall growth rate of PICC P&C insurance.

Xinhua's 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?

China Life Insurance, as the “big brother” of 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 a growth rate of 8.9%;

"Lao San" Taibao life insurance original premium income of 138.4 billion yuan, an increase of 6.5%;

Xinhua Insurance realized the original premium income of 74 billion yuan, a year-on-year increase 9% is also the fastest-growing life insurance company;

PICC Life Insurance'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, benefiting from the pre-tax deduction of fees and commissionsThe increase in the stock market and the rise in the stock market will increase the net profit of the insurance company in the first half of the year. 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.