According to the intelligence financial APP, mainland insurance companies continue to rise in recent weeks. As of the time of publication, The People's Insurance (01339) rose 3.05%, to HKD 3.04; PICC P&C (02328) rose 2.93%, to HKD 10.54; China Pacific Insurance (02601) rose 2.23%, to HKD 20.65; Ping An Insurance (02318) rose 0.85%, to HKD 35.4.

Citigroup's report pointed out that most life insurance and property insurance companies have performed better than expected in the first half of the year. Looking ahead, it is expected that the gross margin of life insurance companies will continue to expand, sales will remain resilient, and profits will be more stable. Leading property insurance companies should continue to benefit from the "Matthew Effect," while life insurance companies need to achieve differentiation through investment capabilities.

Haitong International believes that it is expected that the annual NBV margin of listed insurance companies will increase year-on-year, mainly due to improvements in product structure, an increase in the proportion of medium- to long-term premium payment, the reduction of guaranteed interest rates, and the integration of banking and insurance channels. In addition, the demand for household savings is still strong. In the context of a decrease in bank deposit interest rates, insurance products still have relative attractiveness, and the trend of improvement in the liability side is still bullish.