The premiums of the five major listed insurance companies in A shares have achieved a two -digit growth rate in the first seven months of premiums in the premiums of the premiums.

Reporter Leng Cuihua

Up to now, the premium income of the five months of the first seven months of A -share listed insurance companies (referring to the original insurance premium income, the same below) data has been released, all of which have achieved positive growth.

Analysts believe that from the perspective of personal insurance business, it is currently provoking the growth of life insurance, but the long -term guarantee product market such as critical illness insurance has not recovered. In terms of property insurance business, auto insurance premium income has increased rapidly, the compensation rate is low, the non -auto insurance business premium income has maintained a rapid growth, and the industry is expected to maintain a high degree of prosperity.

The premium of premiums in Chinese life is growing

According to the information disclosed by various insurance companies, the total premium income of the five major listed insurance companies in the first seven months of A -share listed insurance companies was 1.75 trillion yuan, an increase of 4.29%year -on -year.

Among them, the premium income of China Life was 469.6 billion yuan in the first 7 months, a year -on -year increase of 0.2%. This is also the first month -on -month premiums in the year -on -month growth of Chinese life. Therefore, the premium income of the five major listed insurance companies in A -share has finally broken the embarrassing pattern of "four liters and one drop" in the previous few months, all of which have achieved positive growth.

Judging from the situation of the four other listed insurance companies, in the first seven months of this year, the Chinese people's insurance obtained premium income was 416 billion yuan, an increase of 10.8%year -on -year; the Chinese premium income was 264.6 billion yuan, a year -on -year increase of 8%; Xinhua premiums obtained premium income 112.2 billion yuan, an increase of 2.1%year -on -year; Ping An's premium income was 486.2 billion yuan, an increase of 1.8%year -on -year.

From the perspective of a single month's premium, the growth rate of premiums in listed insurance companies in July further increased, and the monthly monthly premiums in the listed life insurance company increased by 4.5%year -on -year, which was further increased from a single month in June. Among them, China Life's monthly premium revenue in July increased by 13.7%year -on -year, leading the five major insurance companies, an increase of 6 percentage points from June. In response, Ge Yuxiang, an analyst of Soochow Securities Insurance Industry, told the Securities Daily reporter that thanks to expand the recruitment of newcomers, strengthen team quality management, revise the basic law to encourage performance, optimize structural design to improve production capacity, and launch the differences in customer savings needs For related measures such as products, the growth rate of single -month premium income in China Life has improved month by month. After the company's new leadership team is finalized, it is expected to bring new positive changes.

The recent research report released by Haitong Securities believes that there are two main reasons for the continuation of the premium of the listed life insurance company in July. First, the base of various insurance companies was low in the same period last year; the second was the growth rate of long -term savings business premiums represented by incremental life insurance products. The research report predicts that with the improvement of the domestic epidemic prevention and control situation, the scale of agents has stabilized and rebounded, and the growth rate of new single premiums in insurance companies may continue to improve.

Although the scale of life insurance premiums of listed insurance companies has gradually recovered, most analysts believe that the current new business value (NBV) is still under pressure. Among them, the research report of Soochow Securities believes that due to the continuous depression of long -term guarantee business, the value growth of listed insurance companies may still be under pressure. The Guotai Junan Research News believes that the current customer's wealth management demand is still the main source of the new single growth of life insurance, but the new single growth brought by the increase of life insurance is difficult to make up for the value pressure of the decline in critical illness insurance. Essence

The property and insurance business remains high degree of prosperity

Judging from the situation of the Property Insurance Company of the Listing Department, in the first seven months, the PICC's PICC's property insurance obtained premium income of RMB 307.8 billion, a year -on -year increase of 10%; the Ping An Property Insurance of Ping An's Ping An Property Insurance obtained a premium income of 170.8 billion yuan, a year -on -year increase of growth, a year -on -year increase 11%; China Tai Insurance's Tai Insurance Property Insurance obtained premium income of 105 billion yuan, an increase of 12%year -on -year. After a brief fluctuations that affect the epidemic in April, the annual growth rate of the premiums of several companies returned to the double -digit level.

Ge Yuxiang believes that the growth rate of premiums in property insurance companies is mainly thanks to the improvement of the national epidemic prevention and control situation, and various types of stimulating car consumption policies have gradually landed. According to the latest data released by the China Automobile Industry Association, my country's automobile sales increased by 29.7%year -on -year. Therefore, it is expected that the comprehensive cost of property insurance in the third quarter of this year will be significantly improved year -on -year. In terms of auto insurance business, the current vehicle travel rate is still low. According to the urban rail transit operation data released by the Ministry of Transport in July, the number of urban rail transit completed 1.95 billion passengers, a year -on -year decrease of 220 million people, a decrease of 10.1%. In terms of non -auto insurance business, the amount of compensation in the second half of last year is high. It is expected that the level of commercial non -car business underwriting profit margin will be significantly better than last year.

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