New China Life Insurance Expects Up to 115% Increase in Nine-Month Profit

MT Newswires Live

2024/10/09

New China Life Insurance (HKG:1336, SHA:601336) expects an attributable profit of between 18.61 billion yuan and 20.52 billion yuan for the nine months ended Sept. 30.

The estimate marks an increase of 95% to 115% compared to 9.54 billion yuan a year prior, according to a Tuesday filing on the Hong Kong bourse.

The insurer attributed the upbeat forecast to an improving economy, booming capital markets, and better investment results.

Price (HKD): $27.15, Change: $+0.60, Percent Change: +2.26%

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