Ping An's repurchase has reached 5 billion!what's the situation?These insurance companies have also repeatedly repurchased. The worst time has passed?

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Ping An's repurchase has reached 5 billion!what's the situation?These insurance companies have also repeatedly repurchased. The worst time has passed?

2022-05-15 12:08:49 9 ℃

In the endless market, insurance companies frequently repurchased.

On May 12, Ping An of China issued another repurchase announcement. At this point, Ping An of China has repurchased shares for 4 consecutive days, and has spent a total of 830 million yuan to repurchase A shares of A shares 18.641 million shares.

In the Hong Kong stock market, AIA Insurance also repurchased 2.2434 million shares on May 12, and the repurchase price per share was ranging from HK $ 71.80 to HK $ 73.05, involving 163 million yuan.

In fact, due to the multiple influences of the repeated epidemic, the high base, and the downturn in the capital market, the net profit of the listed insurance companies in the first quarter generally declined: the net profit of the five listed insurance companies in A shares was 51.36 billion yuan, and the same period last year was 80.7 billion yuan The year -on -year change declined by 36.4%.

Wu Can, a senior investment consultant of Jufeng Investment Consulting, analyzed the Chinese reporter from the brokerage firm that the valuation of insurance stocks was low, and repurchase was conducive to the return of stock price value. "According to statistics, as of May 12, 2022, the current valuation of the insurance industry is low, with a price -earnings ratio of 9.95 times, which is 18.67 times lower than the historical average in the past 10 years. The average historical value is 1.98 times, and the insurance industry has fallen sharply in the past year. The average decline in individual stocks was 28.07%. %, The average decline in insurance stocks is greater than the average decline in the stock index. Insurance companies have repurchased, repurchase reflects the growth of the future performance of insurance companies to optimize the company's future performance, and on the other hand, the stock price after the decline in insurance stocks is underestimated, and it is expected to value. return."

Ping An repurchase of China has reached 5 billion

On May 12, Ping An of China issued another repurchase announcement. The company repurchased 3.3072 million shares on May 12, with a transaction price of 43.86 ~ 44.56 yuan per share, and a total repurchase of approximately RMB 146 million. As of now, Ping An of China has repurchased about 102.6 billion A shares, a total of 5 billion yuan.

According to the "Proposal on Reviewing the Co., Ltd." approved by the Ping An Board of Directors on August 26, 2021, the company intends to use its own funds of not less than RMB 5 billion and no more than RMB 10 billion, repurchase The company's A shares. The completion of this repurchase means that Ping An of China has achieved the 5 billion yuan lower limit of the previous A -share repurchase plan.

Coincidentally, AIA Insurance has repeatedly repurchased recently.

On May 12th, AIA announced that the company repurchased 2.2434 million shares on the Hong Kong Stock Exchange on May 12, 2022 at a cost of HK $ 163 million. The average repurchase price is about 72.61 Hong Kong dollars based on the number of repurchases and the cost consumption; according to the disclosure of the maximum repurchase price of 73.50 Hong Kong dollars, the minimum repurchase price of 71.60 Hong Kong dollars.

In March of this year, AIA issued a share repurchase of $ 10 billion. In the past three months, AIA's cumulative repurchase shares have been repurchased by 68.7924 million shares, accounting for 0.57%of the company's issued share capital.

A few days ago, some investors proposed to a large insurance company to repurchase stocks and boost market confidence to a large insurance company on the investor relationship platform. In response, this insurance giant responded that the stock price fluctuations were affected by many factors. The company will continue to adhere to a steady business strategy. Through the continuous improvement of fundamentals and active investor relationship management work, it will support the market value and continue to work hard to create for shareholders to create. Long -term value.

In addition, financial analysts told a reporter from the securities firm that the insurance sector has fallen by more than 20%since February 14 this year, and the stock price of insurance companies listed on the market has also fallen more. In the final analysis, it is still necessary to implement the development trend of the enterprise in the final analysis. Good services and good products can thicken the future performance of insurance companies. Investors see the good future of the enterprise, so that they will buy their enterprises at the moment. Stocks.

Is the worst time that has passed?

The pressure of insurance enterprises has continued for a while.

Annual report data shows that the total net profit of the five major listed insurance companies in 2021 reached 215.958 billion yuan, a year -on -year decrease of 14.4%. Among them, the net profit of Ping An's home was 101.618 billion yuan, which was the first in listed insurance companies; the net profit of China Tai Bao returned to the mother was the fastest, a year -on -year increase of 9.2%.

From the perspective of the growth rate of premiums, the premiums of the four listed insurance companies have increased year -on -year, but their growth is individually; China's Ping An premium revenue has decreased by 4.64%year -on -year, and it is the only company in the five major listed insurance companies.

In the first quarter, due to the fluctuations in the capital market, the pressure on the investment end of insurance companies suddenly increased.

The net profit of the five listed insurance companies in A shares was 51.36 billion yuan, which was 80.7 billion yuan in the same period last year, a year-on-year change of -36.4%. Affected by the repeated epidemic, high base, and the downturn of the capital market, the net profit of listed insurance companies generally declined. Xinhua Insurance, China Life, China Tai Insurance, Ping An of China, and Chinese People's Insurance have changed by -78.7%, -46.9%, -36.4%, -24.1%, and -12.9%year-on-year respectively.

Xinhua Insurance explained that under the circumstances of the same period of net profit in the same period last year, this issue was affected by the downturn of the capital market and the decrease in investment income, which led to a decrease in net profit in this period. China Life also stated in the quarterly report that in the first quarter of 2022, the domestic interest rate level was still low, the equity market had a large retreat, and the company's investment income was under pressure. China Taibao also attributed the decline in net profit to "reduced investment income." Great Wall Securities analysis believes that the insurance sector configuration is at a historical low. Ping An is still the preferred market value of the insurance sector to hold the market value of the insurance sector, but the proportion of allocation has risen slightly. The current insurance industry is facing many development tests. Life insurance is in a period of in -depth transformation. Due to the continuous impact of the epidemic and the pressure of new single sales, it is expected that the most timely time has passed, and the data reflects the trend of marginal improvement. At present, the market is actively launched "incremental lifelong life insurance" products to better meet the needs of financial management and enhance product attraction. The agent's predicament has not been eliminated. After the scale of the size has fallen sharply, it is currently presenting signs of stability. The agent's capacity is expected to achieve steadily improvement with the improvement of the entry threshold, strengthening training and resource support. The development of individual insurance channels has been blocked, and the construction of bank insurance channels has contributed. As the "product+channel" supply of various insurance companies continues to deepen, the debt end is expected to usher in marginal improvement. The NBV decline in the second quarter is expected to narrow further.

Non -silver analysts of open source securities also pointed out that in the first quarter of 2021, it was prepared to be prepared in advance and the definition of severe illness definition. In 2022, the NBV was under pressure in the first quarter. However, considering the business situation from the second quarter to the fourth quarter of 2021, the NBV declined year -on -year in 2022 may be expected to converge. "We expect to observe the marginal improvement of the exhibition model, manpower, and production capacity in the first quarter of 2023. The current transformation of life insurance liabilities is facing a long and short -term interest game. How to balance the management of management will be tested. The decisive company NBV may face greater pressure in the short term. The average premiums of the car, the increase in the penetration rate of new energy vehicles, and the increase in the scale of the stock vehicle or the industrial premiums to the car insurance. The market structure is optimized, and the market concentration may be improved. In the short term, the debt -side business performance is relatively good and the asset -side elasticity is beneficial or benefited; in the long run, companies with resolute transformation and successful transformation experience are expected to achieve the first transformation to transform. success."