Company Overview
New China Life Insurance Company Ltd. is a China-based insurance provider offering life insurance, wealth management, and related services. The company operates through three main segments: Traditional Insurance, Dividend Insurance, and Other Business, which includes universal insurance.
Recent Financial Highlights
The company has seen significant growth in gross premium income, with a 26% rise in January-May and a 27% boost in January-April. New China Life Insurance’s Q1 profit increased by 19%, while operating income jumped 26%. The company’s FY net profit attributable to shareholders was RMB26,229 million.
Business Developments
New China Life Insurance has made several significant investments and business moves:
- Planned to invest 11 billion yuan into a 23 billion yuan equity fund
- Considered subscribing up to 15 billion yuan in fund units
- Contributed RMB10 billion to subscribe for units of a fund
- Acquired a 5.45% stake in Bank of Hangzhou Co., Ltd. from Commonwealth Bank of Australia
Corporate Updates
The company has experienced some changes in leadership, including the resignation of Mr. Li Qiqiang as Non-Executive Director effective June 10, 2025, and He Xingda’s resignation as Director.
Market Performance
New China Life Insurance’s stock has shown positive movement, with a 1.70% increase and a 4.54% 5-day change as of June 16, 2025. The company’s shares were trading at 55.71 CNY.
Future Outlook
The company is set to hold its Annual General Meeting on June 27. Analysts have provided various estimates and recommendations, with a mean consensus rating of OUTPERFORM and an average target price of 42.32 CNY.
