New China Life Insurance Company Ltd
SSE:601336

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New China Life Insurance Company Ltd
SSE:601336
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Price: 51.3 CNY 0.41% Market Closed
Market Cap: 107B CNY
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New China Life Insurance Company Ltd
Total Current Assets

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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New China Life Insurance Company Ltd
Total Current Assets Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Total Current Assets CAGR 3Y CAGR 5Y CAGR 10Y
New China Life Insurance Company Ltd
SSE:601336
Total Current Assets
ÂĄ7.3B
CAGR 3-Years
54%
CAGR 5-Years
51%
CAGR 10-Years
9%
China Life Insurance Co Ltd
SSE:601628
Total Current Assets
N/A
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Ping An Insurance Group Co of China Ltd
SSE:601318
Total Current Assets
ÂĄ196.7B
CAGR 3-Years
96%
CAGR 5-Years
46%
CAGR 10-Years
30%
H
Hubei Biocause Pharmaceutical Co Ltd
SZSE:000627
Total Current Assets
ÂĄ16.3B
CAGR 3-Years
-13%
CAGR 5-Years
-5%
CAGR 10-Years
38%
S
Sunshine Insurance Group Co Ltd
HKEX:6963
Total Current Assets
N/A
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

New China Life Insurance Company Ltd
Glance View

Market Cap
107B CNY
Industry
Insurance

In the fast-evolving landscape of China's insurance sector, New China Life Insurance Company Ltd. (NCI) emerges as a compelling narrative of growth and adaptation. Founded in 1996 during a period when the nation was gradually embracing a market economy, NCI has navigated the tides of a transforming industry with agility and foresight. At its core, the company thrives by offering a robust portfolio of life insurance products that cater to an increasingly prosperity-conscious populace. Through diverse offerings like whole life, annuities, and health insurance, NCI meets the multifaceted financial protection needs of its clients. It has expanded its branches and service outlets across the country, integrating modern technology to enhance customer engagement and streamline its operations. The company generates revenue through premium collections and strategic investment income. It pools the premiums from policyholders and invests in a wide range of asset classes from government bonds to equities, balancing risk and returns prudently. Simultaneously, it remains vigilant in its underwriting processes to minimize liabilities and fortify its fiscal strength. Moreover, NCI capitalizes on cross-selling opportunities by leveraging its wide agent network and digital platforms, which enhances its distribution efficiency. As China continues to urbanize and its middle-class burgeons, NCI is poised to deepen its market penetration, adapting to the shifting regulatory dynamics and demographic trends with strategic acumen, ensuring that it not only endures but thrives in the competitive insurance landscape.

Intrinsic Value
87.08 CNY
Undervaluation 41%
Intrinsic Value
Price

See Also

What is New China Life Insurance Company Ltd's Total Current Assets?
Total Current Assets
7.3B CNY

Based on the financial report for Sep 30, 2024, New China Life Insurance Company Ltd's Total Current Assets amounts to 7.3B CNY.

What is New China Life Insurance Company Ltd's Total Current Assets growth rate?
Total Current Assets CAGR 10Y
9%

Over the last year, the Total Current Assets growth was 41%. The average annual Total Current Assets growth rates for New China Life Insurance Company Ltd have been 54% over the past three years , 51% over the past five years , and 9% over the past ten years .

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