友邦保险(1299.HK):新业务价值略低于市场预期

交银国际
Mar 17, 2025

2024 年新业务价值同比增长18%,符合我们预期,低于市场预期2%。新业务价值率为54.5%,同比提升1.9 个百分点,主要来自产品结构变化。香港市场新业务价值占比35%,贡献最大,同比增长23%,本地业务/内地访客新业务价值同比分别增长24%/22%,价值率同比提升8 个百分点。中国内地市场新业务价值同比增长20%,其中新进入市场同比增长27%;价值率同比提升4.8 个百分点。泰国、新加坡市场...

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