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
Other Operating Expenses

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
Other Operating Expenses Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Other Operating Expenses CAGR 3Y CAGR 5Y CAGR 10Y
New China Life Insurance Company Ltd
SSE:601336
Other Operating Expenses
-ÂĄ823m
CAGR 3-Years
48%
CAGR 5-Years
32%
CAGR 10-Years
15%
China Life Insurance Co Ltd
SSE:601628
Other Operating Expenses
-ÂĄ15.8B
CAGR 3-Years
33%
CAGR 5-Years
10%
CAGR 10-Years
-5%
Ping An Insurance Group Co of China Ltd
SSE:601318
Other Operating Expenses
-ÂĄ35B
CAGR 3-Years
22%
CAGR 5-Years
10%
CAGR 10-Years
-5%
H
Hubei Biocause Pharmaceutical Co Ltd
SZSE:000627
Other Operating Expenses
-ÂĄ2.4B
CAGR 3-Years
2%
CAGR 5-Years
15%
CAGR 10-Years
N/A
S
Sunshine Insurance Group Co Ltd
HKEX:6963
Other Operating Expenses
ÂĄ748m
CAGR 3-Years
26%
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
87.34 CNY
Undervaluation 41%
Intrinsic Value
Price

See Also

What is New China Life Insurance Company Ltd's Other Operating Expenses?
Other Operating Expenses
-823m CNY

Based on the financial report for Sep 30, 2024, New China Life Insurance Company Ltd's Other Operating Expenses amounts to -823m CNY.

What is New China Life Insurance Company Ltd's Other Operating Expenses growth rate?
Other Operating Expenses CAGR 10Y
15%

Over the last year, the Other Operating Expenses growth was 68%. The average annual Other Operating Expenses growth rates for New China Life Insurance Company Ltd have been 48% over the past three years , 32% over the past five years , and 15% over the past ten years .

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