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<Research>Citi: CN Insurers' Quarterly Results Expected to Be Driven by Maturing Deposit Allocation/ Improvement in CoR
The results announcement season for Chinese insurers will commence with PING AN (02318.HK) announcing its quarterly results on 28 October, Citi Research issued a research report sa...
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<Research>Citi: CN Insurers' Quarterly Results Expected to Be Driven by Maturing Deposit Allocation/ Improvement in CoR
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The results announcement season for Chinese insurers will commence with PING AN (02318.HK)  +1.600 (+2.947%)    Short selling $831.91M; Ratio 24.198%   announcing its quarterly results on 28 October, Citi Research issued a research report saying.

Citi Research forecasted that, on a comparable basis, new business value for Chinese life insurers will grow 31-70% YoY in 1-3Q25, driven by structural opportunities, including a massive maturing bank deposits and wealth reallocation, as well as increased attention on insurance savings plans due to their higher returns, death benefits and participating features.

Related NewsCiti Initiates Positive 30-Day Catalyst Watch on PICC P&C; 3QFY25 Results Expected to Beat
The broker predicted a significant YoY improvement in combined operating ratio (CoR) for property & casualty (P&C) insurers this quarter, driven by a series of regulatory measures against involution and lower & normalized natural disaster losses. The CoR for PICC P&C (02328.HK)  +0.290 (+1.547%)    Short selling $76.83M; Ratio 28.249%   / PING AN/ CPIC (02601.HK)  +0.840 (+2.643%)    Short selling $201.06M; Ratio 32.800%   are expected to improve by 1-2 ppts YoY.

Regarding results, the broker favored CHINA LIFE (02628.HK)  +1.420 (+6.037%)    Short selling $679.54M; Ratio 16.086%   , PING AN and PICC P&C.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-21 16:25.)

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