If you can float the investment earnings to buy an insurance policy, now believe that China Life Insurance (601,628, it shares) so the domestic insurance industry giant will not hesitate to order counterparts. In the face of the financial turbulence sweeping the globe, China Life, Ping An of China (601,318, it shares) and the China Pacific Insurance (601,601, it shares) A shares of the three main insurance companies, despite still maintained steady growth, dragged down by investment income, Three of the Quarterly Bulletin of the net profits have been varying degrees of decline. But it is rather gratifying that the Third Quarterly Bulletin also showed that the size of their non-shareholders, and so did not "surrender to reduce," but most chose to stick to.
Chong Canggu, "Riding Alone Savior"
China Life outperform peers
China Life's disclosure yesterday showed that three of the Quarterly Bulletin, January-September, the company's business revenue increased to 248,595,000,000 yuan, up 56.7 percent; but made a net profit of 13,111,000,000 yuan (July to September which made a net profit of 2,339,000,000 Million), higher than the same period last year dropped 46.9 percent. Quarterly Bulletin revealed that the company's net profit fell mainly due to capital market depth of the impact of lower investment earnings and changes in fair value of a substantial drop in profit and loss, as well as available for sale financial assets due to impairment provision. In addition, the impact of the appreciation of the renminbi, the company expanded the size of exchange rate losses to 10.1 billion yuan, an increase of 73.2 percent.
"Securities Journal" reporter noted that China Life has lifted the size of the main non-shareholders also choose to continue holding, and do not want to reduce. China Life shows that three of the Quarterly Bulletin, China Life 8 before the big sell unlimited A total shareholders equity holdings accounted for 15.41 percent, representing 15.82% of the Bulgarian show only a decrease of 0.41 percent. This shows that the lifting of the ban to reduce the wishes of the shareholders is very low.
China Life Insurance 3-quarter performance than the ring and have the same period last year there has been a significant decline, mainly due to the 3-quarter cash earnings fell floating investment. In spite of the realization of one-quarter of 0.08 yuan or exceeded the performance of two other insurance companies A shares, which are the root causes of long-term strategy for making held positions of its lowest cost operator in the market as a result of Fukui in cash and investment losses than Less.
In fact, China Life shareholder rights better than China Pacific Insurance (601,601, it shares) of the key reasons is the first Zhong Canggu CITIC Securities (600,030, it shares) 3 higher than the price at the end of the quarter at the end of Q2 level, and this is clearly Stronger than the market.
From the main point of view, 1-September life insurance premium growth of 56.68 percent year on year, slightly lower than August's 57.11 percent. The bank is to promote the China Life Insurance premium growth momentum in the first half of Post Bank of channels in the growth of 120% or more, we estimate that 3 silver-quarter growth rate of mail channels are quick to raise, has reached about 150 percent. On behalf of a steady growth in sales channels, an increase of 20%, but the new growth has shown signs of accelerated, an increase of close to 30%. Need to pay attention to, good corporate profits are still ratio of traditional life insurance decreased, while the dividend and omnipotent faster growth, in addition to a main insurance products to shorten the duration of payment, to consider the structure of insurance and payment period of structural change is expected in 2008 the company's new Business profit margins will decline by 5%. In 2008 the company expects the value of new business growth of 38%, 15% from the Bank of security channels, 23% from individual channels.
Three peace Quarterly Bulletin
Better than expected
It is perhaps the phrase "China Ping An, China Ping An," the classic language ads bless the Lord Ping An of China insurance industry stable and healthy development of overseas investment, but not so lucky. Fortis investment group led to changes in the market value of the loss, Ping An of China Quarterly Bulletin, there have been three losses.
Ping An of China disclosed yesterday show that three of the Quarterly Bulletin, January-September net profit for the company -7.05 billion (of which July-September net profit -78.07 billion), representing 315.9 percent decline in same period last year. Important reason for the decline in the company in the third quarter of the European group Fortis shares to invest in the provision for impairment. As of the end of Sept., Fortis to invest its stock market value of the change in the loss 18,611,000,000 yuan in net assets to reflect, of which about 15.7 billion has been transferred to the profit report reflected, recognized as impairment loss.
In fact, this is already a better-than-expected results. A number of employed in the brokerage industry analysts to have the "Securities Journal" reporter said that as the market psychologically for the Fortis Investment impairment loss has been caused to be prepared, Ping An of China Quarterly Bulletin of the three is better than expected. At the same time, Ping An of China this year compared with the Quarterly Bulletin Center Daily News of the top 10 conditions for the sale of an unlimited list of shareholders can be found before 8 A shares in total shareholder in 2008 mid-term holding 199,747 shares, these shareholders at the end of the quarter to reduce total 6650 million shares, reducing the proportion of about 3.3 percent, indicating the reduction rate is still very low.
It is worth mentioning that, with regard to the market worried about universal peace settlement sustainability of the high level of interest rates, Shenyin Wanguo that since 2004 the company began selling insurance universal, so its accumulated reserve may be better than other companies, so To a longer period of time clearing the high interest rates. However, the need to pay attention to the rate cut is in the process, the ultimate safety still need to risk everything in the short-term interest rate policy and continued above the rate of trade-offs, although the rate cut cycle, this is a temporary phenomenon.
Taibao reduce the rate of surrender
Institutions in the third quarter trend Zengcang
China Pacific Insurance Quarterly Bulletin of the three as early as China Life and Ping An of China issued the day. Quarterly Bulletin show that the January-September, the company's net profit for the 3,974,000,000 yuan, up 32.6 percent decline, compared with the first half of the company to reduce net profit 1,643,000,000 yuan, mainly due to the stock market down in the third quarter of dollars Raised 2,162,000,000 yuan due to asset impairment. Results show that the first three quarters of this year, China Pacific Insurance business revenue to achieve 76,817,000,000 yuan, up 41.77 percent, with business revenue in the third quarter year-on-year growth of 34.27 percent. At this stage to the market more concerned about the issue of surrender of life insurance, China Pacific Insurance said, "has not been affected, Kim also surrender in the third quarter year-on-year decrease of 37.12 percent. As the company focused on the development of life insurance business includes the value of the traditional high-risk Dividends and insurance, not even the introduction of investment risk. "
China Pacific Insurance's A shares to sell unlimited principal shareholders by institutional investors constitute, and compared with an accident, the agency chosen in the third quarter of holdings: China Pacific Insurance at the end of the third quarter of the top 10 conditions for the sale of an unlimited A total shareholders 9414.72 million shares of stock, accounting for 9.41 percent of outstanding shares, and prior to the Center Daily News disclosed the data only to 8337.87 million shares, accounting for 8.34 percent.
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