In the domestic A-share listed shares of the insurance 3 - China Life Insurance (601,628, it shares), Ping An of China (601,318, it shares), China Pacific Insurance (601,601, and shares it) is now in full disclosure of third quarter financial report. The report shows that the company's main business continued to be stable development trend, but because of the deep involvement of the capital market rate down, the three companies were targets net profit than the same period last year, a sharp decline.
Shou only country in the third quarter profit
By the impact of stock investment, in the third quarter of this year, A shares of insurance giant three days is better than less. Ping An of China (601,318, it shares), China Pacific Insurance (601,601, it shares) were a net loss of 7,807,000,000 yuan, 1,643,000,000 yuan, only China Life Insurance (601,628, it shares) in the third quarter still made a net profit of 2,339,000,000 yuan, but The same period last year also decreased by 70%.
China Ping An investment group Fortis shares of 15.7 billion impairment provision Fukui, is the third of its Quarterly Bulletin, the main cause of loss. Ping An of China, according to three Quarterly Bulletin revealed that the group net profit in the third quarter of a loss of 7,807,000,000 yuan, up 315.9 percent to drop significantly, resulting in the first three quarters of net 705,000,000 yuan. Professionals said that overall, the safety of the Quarterly Bulletin three less than the expected loss in its main business remain strong and robust growth, a bad peace conditional support to make the return to a rational valuation of the stock.
Before and 2.0 billion -60 billion deficit expected, China Ping An net 705,000,000 yuan the first three quarters of the performance of the market by surprise. A senior insurance analyst said to the reporter, in addition to their main business robust growth, China Ping An was the first three quarters of losses less than expected, there are three main reasons: through the sale held by the Shanghai Pudong Development Bank (600000, It shares) of stock to make up for part of the loss; Fortis investment only made provision, and few of the other possible losses for impairment; Fortis shares of the investment impairment loss of temporary differences identified more than 30 billion yuan The deferred income tax assets, that is after tax deduction, the amount set aside 120 billion yuan.
In three of the Quarterly Bulletin Provision for Fortis, Fortis shares in Ping An of China, there are still more than 70 billion set aside pressure. Ping An of China said in October, the market price of Fortis shares continue to drop, there have further impairment loss. Fortis Group is expected to share the uncertainty of peace in 2008 as a whole will have a significant impact on net profit.
It should be noted that China Pacific Insurance appears to be a loss of three of the Quarterly Bulletin, but its implied for the full year financial pressure on the release of the move. China Pacific Insurance in the first half of the first three quarters of a reduction in net profit 1,643,000,000 yuan, mainly in the third quarter of 2,162,000,000 yuan Provision for impairment of assets and confirmed the result of investment losses.
This means that in the second half of China Pacific Insurance has taken to control the investment risk for the main objective of the investment strategy of asset-liability management in principle, by reducing Fukui, the rights and interests of reducing the proportion of investment and optimize the investment portfolio to reduce stock market continued to fall on Companies such as the extent of the impact of the strategy to strengthen its position in the stock market fell when the ability to resist risks. Insurance analysts, this approach will make both China Pacific Insurance to face the future capital market volatility substantially reduce the risk that the future performance of the corresponding decrease pressure.
Collectively tactical positions
It is not difficult to find, in the third quarter of this year, insurance giant three were taken Jiancang tactics of the 10 Chong Canggu was not a small proportion of adjustment and increased the fund's allocation ratio of solid lead characters.
Among them, Ping An of China in the third quarter will be held in the hands of Shanghai Pudong Development Bank (600,000, it shares) to sell a large number of shares. Comparing the three safe quarterly and semi-annual report of the 10 Chong Canggu, held by the Shanghai Pudong Development Bank by the end of June from the 279,000,000 shares to 124,000,000 shares. Ping An investment in Shanghai Pudong Development Bank's cost of 9.97 yuan / share, 7 / shares. According to the Shanghai Pudong Development Prior to average 14 yuan / share about computing, as price realization, will be at least 1,000,000,000 yuan more than the profit. In addition, Fortis Investment In addition to the emergence of Fukui, Ping Chong Canggu also have other 1,716,000,000 yuan of Fukui.
China Life is also in the third quarter of large holdings of shares in the hands, of which, CITIC Securities sold (600,030, it shares) about 1 billion shares, the Industrial and Commercial Bank (601,398, it shares) 644,000,000 shares, China Construction Bank (601939, stock Bar) 600 million shares, China Shenhua (601,088, it shares) 999.6 million shares, Visa to invest the remaining 300 million shares have been all out. Compared to China Pacific Insurance and China Ping Chong Canggu Fukui, China's top ten life insurance Chong Canggu, about 9,620,000,000 yuan float of the surplus. It is understood that Visa sold in China Life, a premium of 50 percent.
In addition, China Life increased its investment funds, including the Castrol 300, when Bo Yu Fu (market, the net, let Fund), easy to up to 50 Index (price, net, let Fund), the Great Shanghai and Shenzhen 300 (prices, net The Fund now), 4 of the Fund changed since the listing of the top ten in the stock market are the major central enterprises, securities companies and banks.
After the reporters also found that compared with other companies to sell stock to make money transfer methods are different positions, the China Pacific Insurance has taken the disposal of shares lose money, most clearly reflected in the China Pacific Insurance's surplus capital, "did not fall Or "9 to capital surplus at the end of 34,013,000,000 yuan, representing a 6 at the end of the 33,518,000,000 yuan has increased by about 500,000,000 yuan. This speculation, in the third quarter of China Pacific Insurance Fukui has since subsided. "As far as I estimate, Taibao likely to be reflected in this part of a profit report Fukui dispose of the shares 4,000,000,000 -50 billion yuan, leaving a total of Fukui on a few, which in the future to enhance the performance of a great Help. "A senior security analyst, told reporters.
During the third quarter of this year, China Pacific Insurance is indeed the top 10 on the Chong Canggu was not a small proportion of the adjustment. Held by the Industrial and Commercial Bank (601,398, it shares) of stock this year has been the number of semi-annual report at the time of 324,000,000 shares down to 8800 million shares. China Shenhua (601,088, it shares), Panzhihua Steel Vanadium (000,629, it shares) have left the ranks of the top 10 Chong Canggu. Jiancang, China Pacific Insurance has also increased the number of fund allocation.
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