Recently, AIA announced that the company spent about HK $393312 million on May 18 to buy back 507600 shares. The reporter noted that since the beginning of this year, insurance companies including AIA and Ping An Insurance (Group) Company Of China Ltd(601318) etc. have carried out stock repurchases with great efforts, which has aroused market attention.
Organic agencies said that the decline in the value of new businesses in the insurance industry in the second quarter is expected to be further narrowed. It is expected that the annual growth rate of auto insurance premiums is expected to maintain a double-digit level.
AIA spent about HK $393312 million to repurchase shares
According to AIA’s announcement on the Hong Kong stock exchange, the company spent about HK $393312 million on May 18 to repurchase 507600 shares at a repurchase price of HK $77.35 to HK $77.55 per share.
The reporter noted that AIA had released the US $10 billion share repurchase plan on March 11 this year, saying that it would return up to US $10 billion of capital to shareholders by repurchasing the company’s shares in the open market in the next three years. It said that the share repurchase program improved shareholder returns while allowing AIA to retain its financial strength to continue to invest in significant growth opportunities available. The share repurchase program will be funded from the available capital and cash reserves of AIA group.
On August 26 last year, Ping An Insurance (Group) Company Of China Ltd(601318) once announced that it planned to use its own funds of no less than 5 billion yuan and no more than 10 billion yuan to repurchase the company’s A-share shares at a repurchase price of no more than 82.56 yuan / share.
Ping An Insurance (Group) Company Of China Ltd(601318) said that the repurchase will be fully used in the company’s employee stock ownership plan, including but not limited to the long-term service plan approved by the company’s general meeting, and the repurchase period is no more than 12 months from the date when the repurchase plan is reviewed and approved by the company’s board of directors.
As of April 30 this year, Ping An Insurance (Group) Company Of China Ltd(601318) this repurchase has accumulated 76 million A-Shares through centralized bidding transactions, accounting for 042541% of the total share capital of the company. The total amount of funds paid is 3.899 billion yuan, with the lowest transaction price of 48.18 yuan / share and the highest transaction price of 51.96 yuan / share. Since May, Ping An Insurance (Group) Company Of China Ltd(601318) has repurchased five times, with a total of 102.6 million A-Shares repurchased and a total cost of 5 billion yuan, reaching the lower limit of the repurchase plan.
According to the Research Report of Huajin securities, from January to April this year, the original premium income of CPIC, Ping An, Guoshou, Xinhua, Taiping and PICC totaled 858.7 billion yuan, a year-on-year increase of 0.05%; In terms of property insurance, the premium income of PICC, Ping An, CPIC and taipingyuan totaled 352.8 billion yuan, a year-on-year increase of 9.70%. In April, the original premium income of life insurance of listed insurance companies increased by 0.28% year-on-year, and the original premium income of property insurance increased by 2% year-on-year.
since 4, the number of insurance institutions participating in research has increased by 95% year-on-year
According to the analysis of China Post securities, although the insurance sector has rebounded with the market recently, the increase lags behind the market. In terms of individual stocks, during the period from May 9 to May 13 this year, the five listed insurance companies had obvious ups and downs, and China Pacific Insurance (Group) Co.Ltd(601601) rose by 5.6331%, which was the best performance.
According to the analysis of Huajin securities, as of May 17, the valuations of Ping An, CPIC, Guoshou and Xinhua were all low.
The reporter noted that in the second quarter, insurance funds entered an intensive research period. Data show that from April to May 17, a total of 114 insurance institutions participated in the survey 1969 times, an increase of 95% over the same period last year. Among them, the total number of Guoshou pension research ranked first, reaching 142; Changjiang pension and Guohua life insurance followed, with 126 surveys; Ping An pension research reached 113 times.
