Sunday, June 5, 2011
Three insurance companies $ 20 days worth of evaporation 91.616 billion
Reporter Zhao Xiaofei listed messages are fried these days lot of protection. According to the insurance securities daily weekly monthly, since the three insurance-only a shares decreased since April 19, both over the market, market value evaporated within 20 trading days approximately 91.616 billion yuan, shrinking 10.38%, over 10%. Three insurance a share's decline began on April 19, but since last week began to stabilise, renders narrow volatile. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture decreases maximum of is Chinese life, as May 17 closing 19.85 Yuan/unit, Chinese life 20 a trading day fell 10.91%. A share circulation market value diminished 50.61 billion yuan. Turbo followed by China (601,601, unit), as of May 17 closing price $ 22.39/unit, Turbo in China decreased by about $ 16.7 billion of 10.73%,A share circulation market value so evaporation. Declined the smallest is ping an of China (601,318, unit), as of May 17 closing price of $ 49.81/unit, China decreased Turbo 9.25% (Editor's note, should be ping), a share circulation market value so evaporation of 24.315 billion. The same period, the h-shares of the three companies also fell appears more obvious since the April 27. But China life declines and the other two appear more obvious differentiation. China Life shares dropped by 8.45% and ping an of China, China Turbo decreased by 4.44%, respectively. "China life than the other two large decrease in the General, the main reason is because it's market share is already large, premium growth will slow, growing less than the other two companies. "GF (000776, unit) Cao Hengqian, a researcher believes that recent China life this was also associated with their performance in the first quarter. According to data recently released by the three companies in April premium in April, China life insurance premium income to $ 22.4 billion, fell by up to 41.67%, is the third consecutive month of decline in premium income per cent. In January-April, China life total original insurance premium revenue of about $ 145.4 billion, an increase of 9.41%. Ping an life insurance premiums in April income 8.124 billion yuan, representing $ per cent in March fell 47.64%; ping an property 6.961 billion yuan per cent drop 3.46%; ping an annuity to $ 395 million, down 48.43% per cent; green health $ 8.03 million, rose 31%. Only release it under the new accounting standard premium income, it cannot know that the ping an of China 2011 1 per cent growth in premium income. Turbo April one-month implementation of life insurance premiums of $ 6.7 billion, down 35.6% per cent. Pacific (601,099, unit) insurance premium revenue of $ 5.9 billion, and last month was flat. In January-April, Turbo life premium income of 39 billion yuan, up growth of 10.8% and Pacific property insurance premium income $ 21.7 billion, with the increasing 16.7%.