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<Research>Citi: CN Insurers' Results Reporting Season Approaches; CHINA LIFE Expected to Lead in NBV Growth
Recommend 6 Positive 13 Negative 4 |
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The earnings announcement period for Hong Kong/ China insurers for FY2025 will commence on 19 March, led by AIA (01299.HK), PRU (02378.HK) and ZA ONLINE (06060.HK), Citi Research issued a research report saying. For FY2025, the broker expected very strong growth in new business value on a comparable basis for Chinese life insurers, with CHINA LIFE (02628.HK)/ PING AN (02318.HK)/ CPIC (02601.HK) ranking in the top three, with growth rates of 38%/ 32%/ 28% respectively. Citi Research also forecasted NCI (01336.HK) to hike by 35% (on an actual basis), Taiping Life by 12% and PICC Life by 70%. The broker estimated solid earnings growth for FY2025, with CHINA TAIPING (00966.HK) previously forecasting a 2.2x increase in earnings, CHINA LIFE and NCI gaining by 47% and 33%, PICC P&C (02328.HK) and PICC GROUP (01339.HK) inclining by 29.5% and 9.5%, CPIC increasing by 16%, and Ping An Insurance ascending by 6%. AASTOCKS Financial News Website: www.aastocks.com |
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