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With the disclosure of New China Life's premiums for the first seven months, the premium income of the five major A-share listed insurance companies for the first seven months has been released. On August 18, Beijing Business Daily reporters found that the five major A-share listed insurance companies, Ping An of China, China Insurance, China Life, China Pacific Insurance, and New China Life, achieved a total premium income of 1.95 trillion yuan in the first seven months of this year, a year-on-year increase of 3.49%. In the insurance market, the shift in the interest rate of life insurance is imminent, and the new regulations on Internet property insurance have just been implemented. New changes are brewing...

New life insurance business is under pressure in the short term

Data shows that in the first seven months of this year, the premium income of the five largest listed insurance companies in the A-share market totaled 1.95 trillion yuan, a year-on-year increase of 3.49%. The premium income of the five companies in the first seven months of this year showed four increases and one decrease. Among them, Ping An of China had the highest growth rate, with premium income of 550.866 billion yuan in the first seven months, a year-on-year increase of 5.66%. The premium income of China Pacific Insurance, China Insurance, China Life Insurance and New China Life Insurance in the first seven months of this year were 298.247 billion yuan, 468.045 billion yuan, 523.5 billion yuan and 111.875 billion yuan respectively.

Specifically for the life insurance sector, in the same period last year, under the influence of factors such as the concentrated sales of products caused by the regulatory guidance of the pricing interest rate reduction, the life insurance premiums of listed insurance companies grew strongly. Against the background of the high base of the same period last year, the life insurance premiums of A-share listed insurance companies in the first seven months of this year showed differentiation, but generally maintained a good growth trend.