China Taiping Reports Strong 2024 Financial Results Amid Strategic Advancements

Story Highlights
China Taiping Reports Strong 2024 Financial Results Amid Strategic Advancements

China Taiping Insurance Holdings Co ( (HK:0966) ) has issued an announcement.

China Taiping Insurance Holdings Company Limited announced its audited financial results for the year ended December 31, 2024, marking its 95th anniversary and a significant year under the 14th Five-Year Plan. Despite a challenging external environment, the company achieved its strongest financial performance in recent years, with total assets exceeding HK$1.7 trillion and a 36.2% increase in profit attributable to shareholders. The company demonstrated comprehensive improvement in operational quality and efficiency, with significant growth in new business contributions and investment income. Additionally, China Taiping advanced its strategic initiatives in technology finance, green finance, inclusive finance, ageing finance, and digital finance, aligning with national strategies and enhancing its industry positioning.

More about China Taiping Insurance Holdings Co

China Taiping Insurance Holdings Company Limited is a prominent player in the insurance industry, offering a range of insurance products and services. The company focuses on life insurance, property and casualty insurance, and reinsurance, with a strong presence in both the domestic and international markets.

YTD Price Performance: -1.06%

Average Trading Volume: 500

Technical Sentiment Signal: Sell

Current Market Cap: $5.72B

See more insights into 0966 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App