Posted on April 22,$Mainland Insurance Companies (BK1228.HK)$It generally rose in early trading. As of press time,$CHINA LIFE (02628.HK)$rose 3.89% to HK$9.35;$ZA ONLINE (06060.HK)$rose 3.58% to HK$11.56;$CPIC (02601.HK)$rose 3.34% to HK$16.08;$PING AN (02318.HK)$It rose 3.05% to HK$32.10.

According to the news, the top five A-share listed insurers handed over their first-quarter responses. The total premium income of China Life Insurance, China Insurance, China Taibao, and Xinhua Insurance in the first quarter of this year was 1066.423 billion yuan, an increase of 0.96% over the previous year. Overall, China Life Insurance, China Insurance, and Ping An of China have achieved “good start” and positive growth.

China Merchants Securities released a research report stating that the insurance industry's recommendation rating will be maintained. The “red” start of life insurance in the first quarter is expected to arrive as scheduled, but financial insurance underwriting profits are under certain pressure to grow; on the asset side, due to the combined effects of declining interest rates and equity market shocks, profit performance under a high base is expected to be under pressure. Looking at the whole year, life insurance NBV growth rate may be better than previously anticipated, and refined financial insurance management is expected to continue to improve underwriting efficiency; asset-side insurance's high-dividend strategy leads the market style and is expected to achieve excessive performance, and interest rates are also expected to gradually stabilize after a rapid decline. It is recommended to focus on lower sector allocation opportunities.