On September 3, NCI rose 3.03% in regular trading, trading at HK$48.98/share, with turnover of HK$81.61 million. The stock continued its upward momentum following the release of strong interim results and broad-based strength across the insurance sector.
On the news front, the company disclosed its half-year report on August 26, reporting operating revenue of RMB 83.26 billion for H1, up 18.9% year-over-year, with net profit attributable to shareholders reaching RMB 22.79 billion, a 54% surge driven primarily by improved investment performance. The annualized total investment return rate reached 6.7%, up 80 basis points year-over-year, with investment assets exceeding RMB 1.9 trillion. On the liability side, original insurance premium income grew 6.9% to RMB 129.57 billion, while long-term first-year regular premiums surged 27.7% and new business value rose 11.9%. The company also declared an interim dividend of RMB 0.73 per share, totaling approximately RMB 2.28 billion.
The broader insurance sector continued to strengthen, with the top five listed insurers posting a combined 78% H1 profit increase. Within the Life and Health Insurance sector, China Taiping rose 3.17%, Ping An gained 2.25%, and China Life advanced 1.93%. Analysts noted that sector valuations remain at historical lows with ample safety margins.
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