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<Research>CICC Forecast on CN Insurers' 1Q26 NP, NBV (Table)
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31
Positive
37
Negative
17
CICC previously released a report outlining its forecasts for 1Q26 net profit (NP) and new business value (NBV) of Chinese insurers this year:

Stocks | 1Q26 NP | YoY Change
PING AN (02318.HK) | RMB25.344 billion | -6.2%
CHINA LIFE (02628.HK) | RMB16.667 billion | -42.2%
CPIC (02601.HK) | RMB9.172 billion | -4.7%
NCI (01336.HK) | RMB3.702 billion | -37.1%
PICC GROUP (01339.HK) | RMB8.632 billion | -32.8%
PICC P&C (02328.HK) | RMB9.067 billion | -19.8%
-----------------------------------------------------------
Stocks | YoY Change in 1Q26 NBV
PING AN | +18%
CHINA LIFE | +30%
CPIC│+11%
NCI | +6%
CHINA TAIPING (00966.HK) | +3%
SUNSHINE INS (06963.HK) | +9%

Related News Daiwa: 2026 Mainland Corporate Earnings Recovery May Accelerate but Not Broad-Based

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