jpmorgan released a report stating that after new china life insurance announced a profit increase, china pacific insurance, ping an insurance, and picc p&c also issued profit increases, reflecting that mainland insurance companies' pure profits for the first nine months of this year rose by 20% to 115% year-on-year due to higher investment returns, roughly meeting or exceeding the bank's expectations. The bank pointed out that considering that the pure profits of mainland insurance companies for the first three quarters of this year have already accounted for 80% to 123% of the expected pure profits for the fiscal year 2024, it is expected that there will be significant profit forecast adjustments in the market, as well as short-term positive catalysts for stock prices before the announcement of the third-quarter performance report at the end of October.

jpmorgan pointed out that the valuation of mainland insurance companies is attractive, with an average dividend yield of 5%. Near the time when companies announce their third-quarter performance, the bank reiterated china life insurance and china pacific insurance as top choices, rated as "shareholding", with target prices of HK$22 and HK$36 respectively, while awaiting good news from china life insurance.