Stock Track | New China Life Insurance Soars 5.04% Intraday on Strong Q1 Earnings Growth

Stock Track

Apr 30

New China Life Insurance's stock surged 5.04% during intraday trading, driven by the company's strong first-quarter financial results.

The insurer reported net profit attributable to shareholders of 6.501 billion yuan, representing a 10.5% year-over-year increase, while original insurance premium income reached 83.496 billion yuan, up 14.0% from the same period last year. The quarterly performance extended the positive momentum seen in the company's annual report.

Additionally, the Life and Health Insurance sector showed broad-based strength, with several major insurers posting gains, which further supported market sentiment around New China Life Insurance.

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