The Zhitong Finance App learned that insurance stocks were higher. As of press release, AIA Insurance (01299) rose 3.69% to HK$50.55, China Life Insurance (02628) rose 3.79% to HK$9.87, China Taibao (02601) rose 3.51% to HK$16.5, and Ping An of China (02318) rose 3.18% to HK$34.05.

According to the news, the five major listed insurers recently revealed the latest premium income situation one after another. According to the data, in the first quarter of this year, the five listed insurers obtained a total of 1066,423 billion yuan in premium income, an increase of 0.96% over the same period last year of 10,56.318 billion yuan. Among them, China Life Insurance achieved original premium income of 337.6 billion yuan, up 3.18% year on year; China People's Insurance achieved original premium income of 253,031 billion yuan, up 1.32% year on year; China Ping An achieved original premium income of 264.422 billion yuan, up 1.64% year on year; China Taibao achieved original premium income of 154.177 billion yuan, down 0.18% year on year; and Xinhua Insurance achieved original premium income of 57.193 billion yuan, down 11.70% year on year.

The Huaxi Securities Research Report pointed out that from the debt side, in terms of personal insurance, overall premium income continued to grow in the first quarter, mainly due to the continued recovery of supply-side insurance channels, and although new banking insurance channel orders were under pressure, the drop in customs pressure brought about an improvement in debt quality; in the context of strong demand for demand-side residents' savings combined with continued reduction in deposit interest rates, the advantages of insurance products were highlighted. In terms of financial insurance, I am optimistic about the improvement of COR due to restructuring of non-auto insurance businesses for a long time. Looking at the asset side, the equity market is currently showing a steady recovery trend. It is expected that long-term interest rates will have limited room for decline, and the asset side is expected to usher in marginal improvements. Recently, the insurance sector has continued to decline, and the overall valuation is at a historically low level. The margin of safety is sufficient, maintaining the industry's “gain” rating.