Insurance sector INITIATION Remarkable relation between non-life stocks and equity market ■ Initiate coverage of non-life insurance sector: We initiate coverage of the non-life insurers as a subsector within the insurance sector. The feat...
Weak headline profits are expected to undermine short-term sentiment on the insurance sector. However, we believe this is widely expected by investors and looks more than priced into current share prices. Within the sector, we switch our t...
CONTENTS The Sector At A Glance .......................................................5 Table: Overview Of Chinas Insurance Sector............................................................. 5 Key Insights On Chinas Insurance Sector .......
Canadian Life Insurers (Lifecos) often endure significant profitability headwinds due to a peculiarity found in Canadian GAAP (CGAAP) / actuarial guidelines where insurance sales can result in downward earnings pressure (referred to as new...
Executive Summary Insurance industry outlook for 2H08 Despite a controversy over the valuation of insurers, we believe insurance stocks are attractive. Currently, insurers adjusted P/B averages around 2.0x, approximately 25% down from 2.7x...
Investment liberalization, part 1: what it means for yields/valuations Investment liberalization: back in focus, good progression We first highlighted investment liberalization as a key fundamental, secular driver for China insurers in our...
Too much premium for defensive play Banks: Too much premium for defensive play The 26% rebound in the banking sector since late March has paid too much premium on the expectation of the China government easing credit controls. Signs of pot...
Insurers down but bottom appears closer China's insurers fell a further 13.7% in February, led by weaker fundamental play, PICC (down 17%). On a relative basis, Ping An outperformed China Life by 6% due to stronger sales and margin trends...
内容简介 一、保险中介机构及保险营销员情况 二、保险中介经营情况 三、保险中介市场的基本特点及存在问题 四、下半年保险中介监管政策取向...
US Life Insurance Marketweight Analyst(s): FPK CCW US Equity Research 212 687 1105 1Q08 Preview: Complicated Quarter With Likely Misses Few earnings positives this quarter. Q108 is likely to show overall negative earnings fundamentals for...
