After the start of construction in the new year
Insurance stocks rose one after another
outperformed 
consecutive days 1 Shanghai Composite Index
①2020
Top 100 insurance companies in the world
China accounts for 11 companies, and the ranking of 5 companies has increased htmlm l5
②In the past 4 days,
Chinese listed insurance companies
Market value has risen by more than 250 billion
equals one more personal insurance
in 2021
frequently qed by securities companies to
The "spring" of the insurance section is really coming?
2020 World Insurance Companies—Top 100 Market Value List
1 Chinese Insurance Companies are on the list
1. 2020 Top 100 World Insurance Companies Market Value List
Note: RMB 100 million; calculated based on the closing price of the last working day.
The picture above is the top 50 insurance companies in the top 100 market value of the world insurance companies. The full list is too long. You can reply to "Top 100 market value of the world insurance companies" in the background and send it to you.
There are 11 insurance companies in China, which are shortlisted for the top 100 insurance companies in the world, and many companies have risen in rankings!
①Top5 of the world's insurance companies' market value: China occupies 3 seats, ranking remains unchanged
NO.3 China Ping An 1.54 trillion
NO.5 China Life Insurance 0.97 trillion
NO.5 China Life Insurance 0.91 trillion
②The other 8 insurance companies were shortlisted for the top 100, and the ranking of 5 companies increased
NO.12 China Tai Insurance ↑2
NO.32 Xinhua Insurance ↑4
NO.34 Cathay Financial Holdings ↑3
NO.66 ZhongAn Online ↑6
NO.67 China Taiping ↓5
NO.77 China Reinsurance ↓10
NO.82 Tianmao Group ↓6
2. The total market value of global insurance companies is "shrinking", and the total market value of Chinese insurance companies has increased!
Note: RMB 1; calculated based on the closing price of the last working day.
In 2020, the new crown epidemic spread around the world, and the US stock market broke four times, and the economies of all countries were hit hard.
In particular, within the week from March 6 to 12, the US stock market broke twice, and even the stock god Buffett said he had never seen it.
Affected by this, 2.7 trillion yuan of insurance stocks evaporated in 4 days, which means there are two peaces missing!
Although major stock indexes have improved in the subsequent recovery of the stock market, as can be seen from the above figure, the total market value of 149 listed insurance companies around the world still evaporated by 1.3 trillion yuan in 2020.
However, the total market value of 13 listed insurance companies in China (including Hong Kong and Taiwan) rose by 5.4% against the trend.
This is also why. We said above that many Chinese insurance companies have the main reason for the increase in their world rankings in market value!
China's top 500 market capitalization—the ranking of insurance companies has declined
was undervalued, and this wave of upsurge?
1. Top 500 market capitalization in China: Insurance companies account for 9 seats, and most of them have declined!
However, even in the global market last year, the market value ranking of Chinese insurance companies was rising.
However, in the list of top 500 listed companies in China, the rankings of insurance companies have mostly declined!
After all, the threshold for the Top 500 reached 44.591 billion yuan in 2020, an increase of about 11.9 billion yuan compared with the previous year.
From the above picture, we can see that a total of 7 insurance companies are on the list of the top 500 market value in China, namely:
Ping An ; AIA Insurance ; China Life Insurance; China Taiping Insurance ; China Insurance; Xinhua Insurance; Cathay Financial Holdings; China Property Insurance ; ZhongAn Online.
Except for AIA and China Life , the market value rankings remain unchanged, the other companies' rankings have declined regardless of whether the market value rises or falls.
In other words, against the backdrop of the stock market rise last year, even though the insurance industry's revenue and profit performance were both good, the market did not recognize it.
Therefore, there is also the saying that insurance stocks are relatively undervalued to a certain extent.
This may be why, in the recent market fluctuations and fluctuations, bank stocks and insurance stocks have ushered in a wave of upward opportunities.
2. outperformed the Shanghai Composite Index for two consecutive days, with its market value rising by more than 250 billion in the past four days!
Around the Spring Festival, the stock prices of insurance stocks have increased significantly, especially in the past two days, listed insurance companies have continuously outperformed the Shanghai Composite Index.
The following figure shows that we count the changes in the market value of listed insurance companies from February 9 to February 19 in the four days.
As can be seen from the figure, the market value of all insurance companies has increased, and the total market value has increased by more than 250 billion!
Among them, China Ping An market value rose by 92.2 billion, China Life Insurance market value rose by 64.8 billion, and China Taiping market value rose by 31 billion, making it the three companies with the largest increase in market value.
In addition, people in the insurance circle may know that after the opening of the Hong Kong stock market in the past two days, the stock price of ZhongAn Online rose continuously in two days, reaching 78.8 yuan at one point, and its market value once exceeded 100 billion Hong Kong dollars.
So, what is the driving force behind this wave of rising insurance stocks? Is the opportunity for the insurance sector that major securities companies and financial bloggers are optimistic about is coming?
What is the driving force behind this wave of insurance stocks rising
? "Spring" is here?
1. expects 2021: China's GDP growth rate is 7.8% +
First of all, from the perspective of the external environment, with the strengthening of the world's epidemic prevention and control efforts, and the recent introduction of economic stimulus policies by many countries, including the United States, the global economy is expected to continue to recover.
Among them, the World Bank Organization said that assuming the COVID-19 vaccine is widely promoted over the year, the global economy is expected to grow by 4% in 2021.
Due to the effective epidemic prevention and control measures in my country, major institutions have predicted that China's GDP will achieve rapid growth in 2021, with an expected range of between 7.8% and 9.5%.
International Monetary Fund IMF predicts that China's economic growth is expected to reach 8.2% in 2021.
The World Bank predicts that the annual economic growth of the Asia-Pacific region will reach 7.4%, and will be mainly driven by the recovery of China's economy. It is expected that China's economic growth rate will rebound to 7.9% in 2021.
Therefore, from a macro perspective, with the recovery of the economy, my country's economic development speed will still lead, and after residents' income stabilizes, it will also help further promote the development of the insurance industry.
2. "Kaimohong" is progressing smoothly, and the premiums of listed insurance companies have grown rapidly
Secondly, judging from everyone's highly anticipated "good start" performance, the premiums of listed insurance companies have achieved stable growth, and many companies have achieved rapid growth.
Among them, the premium growth rate of PICC Health and Taiping Pension is the highest, at 85% and 48% respectively, which is also significantly higher than the same period last year.
In addition, after the super-high growth last year, Xinhua Insurance still achieved a growth rate of more than 10% even when the year-on-year base is relatively high.
January premium data for all listed insurance companies. We will analyze it separately in the later stage to see how the "good start" in 2021 is like?
However, according to Cailianshe, the premiums for new personal insurance policies in the first half of February 2021, China Ping An , China Taiping Insurance , and China Life Insurance, both increased by more than 20% year-on-year.
3. Insurance section is really here?
Although the external environment has improved and the "good start" has been successfully reached as scheduled, judging from the recent stock prices of insurance companies, the market does have a certain consensus on the development potential of the industry.
But is the spring of the insurance section really coming in 2021?
Of course, compared with other industries, insurance stocks are generally undervalued. In addition, the external environment is improving, and the performance in 2020 and the expected premiums in the first quarter of 2021 are also good.
020 insurance company premium ranking, see "2020 insurance company premium ranking: 110 supermarkets, 45 negative growth, see which company's rankings are rising rapidly! 》.
However, when we were doing the 2020 annual summary, we also said that looking forward to 2021 may not necessarily be easy!
After all, the smooth development of the industry's "good start" in the first quarter is largely related to the switching between new and old critical illness insurance at the end of January and the complete suspension of old and critical illness sales, resulting in a surge in buying.
Therefore, it is still uncertain whether the premiums in the life insurance industry can continue to grow rapidly after the first quarter.
First, it depends on the public's recognition of new serious illnesses. Second, starting from the second quarter of 2020, the life insurance industry ushered in a wave of "retaliatory" growth, resulting in a higher year-on-year base.
At the same time, the comprehensive reform of auto insurance has been fully implemented, and the situation of a decline in average premiums has not changed. It is difficult for property insurance industry to make up for it by non-auto insurance to achieve rapid development.
Therefore, although the insurance sector is relatively "good" in 2021, there is still uncertainty about how much room for growth and how long it can last!
Statement: The above content is for reference only and does not constitute investment advice. If necessary, investors are advised to consult professionals and make careful decisions.
