The three domestic insurance giant Quarterly Bulletin of the three have been released, the rights and interests of its investment are greatly reduced. Analysts said that as China Pacific Insurance (601,601, it shares) (601,601), and Shi Jingshuai earnings due to the minimum, the relative value of the investment significantly.
China Pacific Insurance released the first three of the Quarterly Bulletin, 1-September net profit 3,974,000,000 yuan, representing a reduction of 1,643,000,000 yuan in the first half of the market that the company is a provision for impairment of assets and prepared to confirm the result of investment losses.
According to the China Pacific Insurance's announcement by the end of September this year as its trading and financial assets 1,388,000,000 yuan more than the end of last year's 2,463,000,000 yuan greatly reduced.
The day before yesterday, China Life Insurance (601,628) notice, as of its September 30, 2008 trading of financial assets for 12,772,000,000 yuan more than last year, a decrease of 49.14 percent at the end. Ping An and China (601,318, it shares) (601,318) announcement on the same day that the January-September of this year's investment income for the 26,567,000,000 yuan, 42.2 percent less than last year.
For the domestic insurance industry's investment strategy, financial analysts have affirmed that type of investment would reduce the rights and interests of its performance in the future to provide support.
China Pacific Insurance to, for example, analysts said, the company holding the rights and interests of the top 10 categories of investment, the Industrial and Commercial Bank (601,398, it shares), Panzhihua Steel Titanium has done a more substantial reduction, such as the Industrial and Commercial Bank On the reduction of 236,000,000 shares; company bonds mainly of held-to-maturity financial assets from the balance at the end of the second quarter rose to 62,400,000,000 yuan at the end of the third quarter of 67,200,000,000 yuan.
Haitong Securities analyst said Pan Hongwen, although the Shanghai and Shenzhen 300 in the third quarter fell 20 percent, but only the net assets of China Pacific Insurance has shrunk 2.3 percent, but capital surplus increased by 1.5 percent. Capital surplus is mainly due to the increase in the third quarter, the company sold more categories to be sold, and the rights and interests of a substantial provision for impairment of assets. Both the means to deal with, on the one hand, the company made in the future faced by the capital markets to reduce substantially the risk of volatility, on the other hand, the rights and interests of the lower position and cost position.
In addition, several insurance companies have a clear main business growth. According to the bulletin, China Pacific Insurance business revenue in the first three quarters 76,817,000,000 yuan, up 41.77 percent.
It is reported that China Pacific Insurance business in the first half of the high-speed growth has been largely universal insurance and risk pulling dividends, universal insurance for 117 percent year-on-year growth, although China Pacific Insurance in the second half of the omnipotent control of the insurance business, bring business growth The slowdown, but said the industry, with the pay period in the China Pacific Insurance business, marketing channels to strengthen the management, investment, insurance period to pay dividends in the second half of the business will be relatively rapid growth in the second half of the value of its contents have been Improved.
For the future business, China Pacific Insurance said its dividend will be life insurance as a breakthrough point, through the development of products to enhance the capacity of sales, and so on measures to expand marketing channels and channels of the banking business to pay period so as to enhance the value of the connotation of the business accounted for a higher Than at the same time to effectively control the scale of universal insurance business, not even the introduction of risk to vote.
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