Jun 16, 2022 09:18 AM (GMT+8) · EqualOcean
According to the Research Report of CSC on June 15, with the resumption of work and production, the automobile production and sales recovered, the growth rate of automobile insurance of leading insurance companies recovered, and the structure of non automobile business of PICC Property Insurance was improved. From January to may, the growth rate of PICC Property Insurance premium maintained the first place in the property insurance of listed insurance companies, and the underwriting profit continued to be optimized. Life insurance will also recover with the recovery of consumption. The inflection point focuses on observing the inflection point of strict regulatory policies. At present, the sales of serious illness insurance still needs to be recovered. However, the channel reform of listed insurance companies has been more than 2 years and the estimated human structure has been optimized. The current PEV valuation of major insurance companies is low (0.3-0.6x). Recommended order: 1) property insurance: China property insurance; 2) Life insurance sector: AIA, Ping An and CPIC recommend those with large marginal elasticity of fundamentals, low valuation and relatively stable performance in the medium and long term; In the short term, China Life Insurance, China Taiping Insurance and Xinhua Insurance benefited from the investment side to boost the listed insurance companies with greater flexibility.

This text is a result of machine translation.