Movement Alert|New China Life Insurance Rises 3.21% in Regular Trading, Strong Liability-Side Growth and Broker Coverage Catalyst Extend Oversold Rebound

Market Focus05-26

On May 26, New China Life Insurance rose 3.21% in regular trading, trading at 49.68 HKD/share, with trading volume of 122 million HKD. The rebound extends gains from the prior session as the market continues to reprice the company's strong liability-side fundamentals following consecutive declines of 3.04% on May 18 and 3.1% on May 20.

On the news front, the company's Q1 original insurance premium income grew 14% year-over-year to 83.496 billion yuan, with new business value surging 24.7% to 4.655 billion yuan. Long-term insurance first-year regular premiums reached 24.5 billion yuan, up 25.6% year-over-year. These strong liability-side metrics contrast with investment-side weakness, where annualized total investment yield fell 3.6 percentage points to 2.1% and fair value losses reached 20.8 billion yuan, reflecting the company's 78.7% equity asset allocation — the highest among listed insurers.

The broader insurance sector strengthened on the day, with China Taiping up 2.54% and China Life up 2.35%, providing additional tailwinds for the continued oversold rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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