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Sunshine Insurance Group Reports Strong 2024 Financial Results and Strategic Progress

Story Highlights
  • Sunshine Insurance saw an 8.0% rise in premium income and a 45.8% increase in net profit.
  • The company expanded its customer base to 30.19 million and launched nearly 100 new products.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sunshine Insurance Group Reports Strong 2024 Financial Results and Strategic Progress

Elevate Your Investing Strategy:

An update from Sunshine Insurance Group Co. Ltd. ( (HK:6963) ) is now available.

Sunshine Insurance Group Co. Ltd. reported robust financial performance for 2024, with significant growth in premium income and net profit. The company achieved a total premium income of RMB128.38 billion, marking an 8.0% increase, and a net profit of RMB5.45 billion, up 45.8% year-on-year. The group has made substantial progress in customer engagement and product offerings, launching nearly 100 new products and expanding its customer base to approximately 30.19 million active customers. Sunshine Insurance has also strengthened its core capabilities, particularly in risk management and customer service, which has led to increased market share and enhanced operational efficiency.

More about Sunshine Insurance Group Co. Ltd.

Sunshine Insurance Group Co. Ltd. is a prominent player in the insurance industry, offering a range of products including life insurance, property and casualty insurance, and asset management services. The company focuses on high-quality development and value-driven growth, aligning with national strategic plans and industry reforms to enhance its market position.

YTD Price Performance: 16.48%

Average Trading Volume: 6,648,227

Technical Sentiment Signal: Sell

Current Market Cap: HK$43.98B

For detailed information about 6963 stock, go to TipRanks’ Stock Analysis page.

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