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 Updates
The company has reported significant financial performance in its gross premium income for the first five months of 2025, with a 26% increase compared to the previous year. This growth trend is consistent with previous reports, showing a 27% boost in January-April premium income and a 32% increase in January premium income.
Investment and Business Developments
New China Life Insurance has announced plans to invest 11 billion yuan in a 23 billion yuan equity fund. The company also intends to subscribe for units of Fund III, continuing its investment strategy. Additionally, it has acquired a 5.45% stake in Bank of Hangzhou Co., Ltd. from Commonwealth Bank of Australia.
Financial Performance
The company’s Q1 profit rose 19%, with operating income jumping 26%. The net profit attributable to shareholders for FY 2024 was RMB 26,229 million. These financial results demonstrate the company’s strong performance in the insurance sector.
Corporate Changes
New China Life Insurance has seen some changes in its leadership, including the resignation of Mr. Li Qiqiang as Non-Executive Director effective June 10, 2025, and the resignation of He Xingda as Director.
Market Performance
The company’s stock has shown positive movement, with a 1.70% increase on June 16, 2025, and a 12.09% increase since the start of the year. Analysts have given the stock various ratings, with a mean consensus of ‘OUTPERFORM’ based on 19 analysts.
