Life and Health Insurance

CHINA LIFE

China Life (02628.HK) was increased by Ping An Asset Management by 25.461 million shares

As green transformation accelerates, China Life explores solutions

Ping An Insurance increases stake in China Life by 16.26 million shares on May 14, holding reaches 14.03%

China Life Shaanxi Media Tour: Silver Age Health Insurance System Supports Livelihood Protection and Claims Service

China Life Pilots Long-Term Care Insurance ('Sixth Insurance') in Hanzhong, Shaanxi

Ping An Life Increases Stake in China Life by approx 453 million HKD

China Life P&C Insurance Takes Multiple Measures to Meet the Challenge of the Flood Season

China Life launches smart long-term care system to improve service efficiency for long-term care insurance.

Life Insurance Companies Release Q1 Sales Agent Scale Data

Ping An Asset Management Co. increased holdings of China Life Insurance by 12.902 million shares

China Life Holds Media Briefing on Long-Term Care Insurance and Digital Finance

China Life Insurance Releases ESG Report with Total Premiums Exceeding 700 Billion

CMBI Maintains Buy Rating on China Life with Target Price Hike

China CITIC and China Merchants Securities Maintain Buy Rating for China Life

Hanzhong's Long-Term Care Insurance System Aligns with New Rules, Enhancing Efficiency with 'Digital and Intelligent' Services Involving China Life

Listed insurance firms' Q1 net profit generally fell by nearly 17%, with the market anticipating a subsequent recovery

CMBI Raises Life Insurance Target Price to 34 HKD, Maintains Buy Rating

Goldman Sachs Raises 2026 Profit Forecast for China Life by 8%

Morgan Stanley Raises Target Price for China Life to HKD 38.9

China Ping An Life Insurance Increases Holdings in China Life

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

China Life Insurance 2025 Mid-term Performance Release Conference

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CICC released a report detailing investment ratings and target prices (TPs) for various insurers. All listed insurers, including AIA, PRU, and Ping An, received 'Outperform' ratings. The report also includes short selling data and price changes for each stock, with AIA at HKD105.7 and China Life at HKD44.5, among others.

AASTOCKS News

Prudential

AIA Group

China Life

CICC

PING AN

Ping An

Ping An Insurance

CPIC

CHINA TAIPING

SUNSHINE INS

PICC GROUP

PICC Group

PICC P&C

ZA ONLINE

AIA-R

Prudential USD

Prudential plc

PING AN-R

CICC Ratings, TPs on Insurers (Table)

Citic Securities has maintained a Buy rating on China Life Insurance Co (CILJF) as of May 6, with a price target of HK$36.00, while the shares closed at HK$29.90. The overall analyst consensus for the company is a Strong Buy, with an average price target of HK$35.57, indicating an 18.96% upside. Additionally, CMB International Securities also supports a Buy rating with a target of HK$34.00.

Tip Ranks

CITIC SEC

CITIC Securities Co., Ltd.

China Life Insurance Co (CILJF) Receives a Buy from Citic Securities

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Yesterday, Prudential's stock price surged by 4.04% at the close, with a trading volume of approximately HKD 42.95 million. The price and volume were well-coordinated, clearly breaking through the recent consolidation range. The MACD daily bullish signal has been established with strong momentum, and the short-term momentum indicators are accelerating divergence, which usually indicates that buying power is forming a consistent directional expectation, confirming a phase of upward trend. In terms of market performance, the stock price maintained strength throughout the day, closing in the high range of the day, with clear signals of bullish control. On the news front, the insurance sector collectively strengthened yesterday, with China Life rising by 4.28%, PICC P&C by 5.91%, CPIC by 3.37%, and AIA by 1.94%, forming a strong collective breakout trend in the sector. Prudential, as an international insurance giant covering the Asian and African markets, benefits from the long-term logic of increasing insurance penetration in emerging Asian markets. Recently, although Federal Reserve officials warned of inflation risks and the possibility of interest rate hikes, the high interest rates provide positive support for the investment income of insurance companies. The improvement in market risk appetite driven by the ceasefire sentiment also favors the valuation recovery of insurance stocks. Technically, the stock price has broken through the 5-day and 10-day moving average resistance, and the short-term moving average system is beginning to shift to a bullish arrangement. The trading volume has significantly increased compared to previous days, making the breakout action effective. The overall strength of the insurance sector provides strong support for individual stocks, and today it is necessary to pay attention to whether the sector's heat can continue. The short-term trend is biased towards bullish, with sector resonance combined with individual stock technical breakthroughs, indicating a high signal strength

Technical Forecast

Pre-market trend | Prudential (2378.HK) surged over 4% on May 7 with increased volume, are the main players in the insurance sector buying up?

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BofAS reported that Chinese insurers' 1QYY results were solid despite stock market volatility affecting investment income. CHINA LIFE saw a 32% YoY decline in net profit, while NCI posted an unexpected 11% profit increase. PING AN and CPIC delivered stable results. BofAS believes the market has absorbed weak profit factors and investors will focus on long-term growth. Their top picks are PING AN and CHINA LIFE, with target prices of HKD74 and HKD33.1, respectively, both rated as Buy.

BofAS: 1QYY Results of Chinese Insurers Solid; Top Picks PING AN , CHINA LIFE

CMBI has raised the target price for CHINA LIFEfrom HKD33 to HKD34 following a mixed performance in 1Q26. The company's net profit fell 32.3% YoY to RMB19.5 billion, missing forecasts due to stock market volatility. However, new business value surged 75.5% YoY, indicating strong growth potential. The broker maintains a Buy rating, optimistic about earnings growth in Q2, supported by a stock market rebound and effective asset-liability management.

CMBI Raises CHINA LIFE  TP to HKD34; Strong 1Q26 NBV

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Morgan Stanley has raised its target price for CHINA LIFEfrom HKD37.9 to HKD38.9, reflecting a 2.6% increase. This adjustment follows strong growth in the company's new business value in Q1 2026, prompting slight increases in earnings forecasts for 2026 to 2028 by 0.1%, 0.3%, and 0.4%. The firm maintains an Overweight rating on the stock.

SINO-LIFE GROUP

Morgan Stanley

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M Stanley Raises CHINA LIFE  TP to HKD38.9, Reiterates Overweight

CICC reported that CHINA LIFEexceeded expectations in its 1Q26 results, with a 75.5% YoY increase in new business value (NBV), despite a 32.3% YoY decline in net profit to RMB19.505 billion. CICC maintained its Outperform rating and unchanged earnings forecasts, setting a target price of RMB60.3 for A shares and HKD44.5 for H shares, indicating potential upside of 65% and 62%, respectively.

CICC: CHINA LIFE  1Q26 NBV Far Exceeds Expectations; Maintains Outperform Rating

UBS reported that CHINA LIFEachieved a 76% year-on-year increase in new business value for 1Q26, significantly surpassing expectations. However, the company's net profit after tax fell 32% year-on-year to RMB20 billion, aligning with market forecasts due to weak equity performance and high investment leverage. UBS maintains a Buy rating on CHINA LIFE with a target price of HKD40.

UBS Group AG

UBS: CHINA LIFE  1Q26 New Business Value +76% YoY Far Beats; Buy, TP HKD40

Hong Kong stocks declined ahead of the May 1 holiday, with the HSI closing down 335 points at 25,776. China Life rose 4.5% after quarterly results, while SMIC gained 7.8%. Brent oil futures reached $120.92 per barrel. The US Federal Reserve maintained interest rates, and the DJIA fell 0.6%. Southbound trading will be suspended during the holiday. YOFC shares plummeted 13.8% after disappointing Q1 results, despite significant year-on-year profit growth. Overall, the HSI saw a weekly decline of 0.8%, but a monthly gain of 4%.

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Hong Kong Stocks Weaken Ahead of Long Holiday; CHINA LIFE  Up 4%; SMIC Sought After

NCIshares rose 2.8% at midday, closing at HKD52. BofAS reported a net profit of RMB6.5 billion for 1Q26, up 11% YoY, but noted one-off gains. NCI's investment yield was 2.1%, lower than CHINA LIFE's 2.2%. M Stanley and UBS also reported positive earnings, with M Stanley assigning an Underweight rating and a TP of HKD43, while UBS maintained a Neutral rating with a TP of HKD48.5. Overall, NCI's performance exceeded market expectations despite challenges in the equity market.

CHINA LIFE(02628.HK)

CICC Ratings, TPs on Insurers (Table)

China Life Insurance Co (CILJF) Receives a Buy from Citic Securities

Pre-market trend | Prudential (2378.HK) surged over 4% on May 7 with increased volume, are the main players in the insurance sector buying up?

BofAS: 1QYY Results of Chinese Insurers Solid; Top Picks PING AN , CHINA LIFE

CMBI Raises CHINA LIFE TP to HKD34; Strong 1Q26 NBV

M Stanley Raises CHINA LIFE TP to HKD38.9, Reiterates Overweight

CICC: CHINA LIFE 1Q26 NBV Far Exceeds Expectations; Maintains Outperform Rating

UBS: CHINA LIFE 1Q26 New Business Value +76% YoY Far Beats; Buy, TP HKD40

Hong Kong Stocks Weaken Ahead of Long Holiday; CHINA LIFE Up 4%; SMIC Sought After

NCI Up 2.8% at Midday; Brokers Say 1Q26 Earnings Beat Expectations