As of July 28, China Insurance Property & Casualty Company (China Insurance P&C) rose nearly 6% intraday to HK$15.91, with a trading volume of HK$347 million.
On the news front, China Insurance P&C is set to release its interim earnings report, prompting several institutions to issue preview research notes. Dongwu Securities noted that it expects the company’s underwriting performance to improve year-over-year, with a notably stronger investment return, and remains optimistic about the company’s long-term growth momentum. Guolian Minsheng Securities stated that it anticipates improvements on both the asset and liability sides year-over-year, which could drive solid growth in net profit.
According to data from the Ministry of Emergency Management, as of the end of June, the cumulative economic losses from natural disasters this year amounted to RMB 42.14 billion, a year-over-year decline of 22.1%. This overall decline in natural disasters is expected to support an improvement in the company's claims payouts for the first half of the year, building on the low claims ratio base from the same period last year. Since the third quarter, however, frequent natural disasters—including typhoons, heavy rainfall, and flooding—have raised market concerns about a temporary increase in the company's claims payouts. Nevertheless, we believe the overall claims impact remains manageable.
Editor/melody