EarningsThe Group’s net profit to S/H grew by +1.1% YoY to RMB 11.8bn, surpassing peers being the first among listed CN insurers to realize positive net profit growth.
Financial PerformanceVNB growth accelerated by +30.7% YoY in 1Q24, outpacing peers i.e. China Life / Ping An +26.3%/+20.7% YoY in the corresponding period.
Market ReactionThe share price will likely react positively to the resilient bottom line against a relatively strong quarter from last year.