Shares of New China Life Insurance Company Ltd (NCI) surged over 6% on Wednesday after the company reported robust premium income growth for the first nine months of 2024.
According to the company's latest disclosure, NCI's accumulated gross premium income from January to September 2024 reached RMB 145.64 billion, representing a significant year-over-year increase.
The strong premium income growth is likely seen as a positive sign by investors, indicating healthy business momentum and revenue generation for the insurance giant. This could be driving the rally in NCI's stock price.
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