On May 21, New China Life Insurance rose 3.03% in regular trading, trading at 49.52 HKD/share, with trading volume of 64.99 million HKD. The rebound follows consecutive declines of 3.04% on May 18 and 3.1% on May 20, primarily driven by investment-side weakness in Q1 results.
On the news front, the company recently disclosed Q1 original insurance premium income of 83.496 billion yuan, up 14% year-over-year, with new business value surging 24.7% to 4.655 billion yuan. Long-term first-year regular premiums reached 24.5 billion yuan, up 25.6%, demonstrating robust liability-side momentum. However, the investment side remains under pressure, with annualized total investment return dropping 3.6 percentage points to 2.1% and fair value changes swinging from a 3 billion yuan gain to a 20.8 billion yuan loss year-over-year.
The broader insurance sector rallied on the same day, with AIA up 2.43%, Ping An up 1.39%, China Life up 1.30%, and Sunshine Insurance up 1.43%, reflecting a sector-wide recovery that supported the stock's technical bounce from oversold levels.
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