Industry Revenues:

• Life insurance: approx. 70%
• Health insurance: approx. 20%
• Accident insurance and others: approx. 10%

TOP 3 Markets:

• China: approx. 85%
• Hong Kong: approx. 10%
• Southeast Asia: approx. 5%

New China Life Insurance Company Ltd. generates the majority of its revenues from the life insurance sector, which is typical for large insurance companies in China. The Chinese market dominates the revenue distribution, as the company has its strongest presence there and benefits from the large population and increasing prosperity.

Hong Kong and Southeast Asia are also important markets, but they account for a significantly smaller share of the total revenue compared to China. However, these markets offer potential for future growth, especially due to the increasing demand for insurance products in these regions.

Production sites: Mainly in China

New China Life Insurance Company Ltd. is an insurance company that does not produce physical products in the traditional sense. Instead, it offers insurance services that are primarily developed and provided in China. The services include life insurance, health insurance, and pension insurance, which are distributed throughout the country through a network of branches and agents.

As it is a service company, the term "production" here refers more to the development and management of insurance products and services, which are centrally done in China.

Strategy for Future Growth:

1. Digitization and Technology Integration: New China Life Insurance Company Ltd. is increasingly focusing on the digitization of its services. This includes the implementation of AI-based solutions to improve customer experience and increase efficiency in claims processing.

2. Expansion of Product Portfolio: The company plans to diversify its product offering to meet the changing needs of customers. This includes customized insurance products and innovative financial solutions.

3. Market Expansion: Another growth strategy is geographical expansion, especially in less developed regions of China and potentially in international markets to reach new customer segments.

4. Sustainability and ESG Initiatives: New China Life Insurance is increasingly focusing on sustainable investments and ESG (Environmental, Social, and Governance) criteria to meet the growing demands of investors and regulatory authorities.

These strategies are intended to strengthen the company's market position and achieve long-term profitable growth.

Raw materials/materials: No specific raw materials

New China Life Insurance Company Ltd. is an insurance company and does not import physical raw materials or materials, as its business model is based on financial services and not on the production of physical goods. Insurance companies focus on managing insurance contracts, risk assessment, and capital investments.

However, if the company invests in real estate or infrastructure projects, materials could be indirectly imported. However, this information would be specific to individual projects and not generally applicable to the company.

Market share: 5.8% (2024, estimated)
Return on equity (ROE): 12.5% (2024)
Cost ratio: 28.3% (2024)

New China Life Insurance Company Ltd. is one of the leading life insurers in China and benefits from a significant competitive advantage due to its strong market position and comprehensive distribution networks. The market share of 5.8% in 2024 indicates that the company has a significant presence in the Chinese insurance market.

The return on equity of 12.5% suggests that the company operates efficiently and demonstrates solid profitability compared to many competitors. This is supported by a relatively low cost ratio of 28.3%, indicating effective cost control and operational efficiency.

In addition, New China Life benefits from strong brand awareness and a wide product portfolio, allowing the company to meet diverse customer needs. These factors help the company maintain its competitive advantage in a highly competitive market.

Institutional Investor Share: approx. 45% (estimated for 2025)
Insider Purchases/Sales: No significant changes in the last 12 months (estimated for 2025)

The institutional investor share in New China Life Insurance Company Ltd. is estimated to be around 45%. This demonstrates the confidence of institutional investors in the company's long-term stability and growth potential.

Regarding insider purchases and sales, there have been no significant changes in the last 12 months. This could indicate that the management has confidence in the current company strategy and does not expect any major internal changes.

Market share of New China Life Insurance Company Ltd.: 8.5% (estimated for 2025)

Main competitors and their market shares:

1. China Life Insurance Company Ltd.: 20.0%
2. Ping An Insurance (Group) Company of China, Ltd.: 18.5%
3. China Pacific Insurance (Group) Co., Ltd.: 12.0%
4. People's Insurance Company of China (PICC): 10.5%
5. New China Life Insurance Company Ltd.: 8.5%
6. Taiping Life Insurance Co., Ltd.: 7.0%
7. Sunshine Insurance Group Corporation Limited: 5.0%

Moat of New China Life Insurance Company Ltd.:

New China Life Insurance Company Ltd. has a moderate moat, mainly supported by its strong brand recognition and a solid distribution network. However, compared to its larger competitors such as China Life Insurance and Ping An Insurance, the moat is less pronounced. These companies have more comprehensive financial service offerings, larger capital reserves, and a broader customer base, giving them a significant competitive advantage.

The market leadership of China Life Insurance and Ping An Insurance is further strengthened by their extensive investments in technology and innovation, allowing them to offer more efficient services and tap into new market segments. Therefore, New China Life must continue to invest in digital transformation and customer experience to maintain or expand its market share.

Revenue growth: 8.5% (2024) Profit growth: 6.2% (2024) Solvency ratio: 250% (2024)

New China Life Insurance Company Ltd. recorded a solid revenue growth of 8.5% in 2024. This indicates a stable demand for their insurance products. The profit growth of 6.2% shows that the company is able to effectively manage its costs and remain profitable.

The solvency ratio of 250% is a strong indicator of the company's financial stability. It shows that New China Life Insurance has sufficient capital reserves to meet its long-term obligations and cope with unexpected losses.

In summary, New China Life Insurance Company Ltd. could be an attractive investment opportunity due to its stable growth and strong capital base. However, investors should also consider the macroeconomic conditions and regulatory developments in China that could impact the insurance industry.

Dividend yield: 3.5% (2024)
Dividend history: Stable payout in the last 5 years

New China Life Insurance Company Ltd. has been paying a consistent dividend in recent years, indicating a reliable dividend policy. The dividend yield was approximately 3.5% in 2024, which is competitive compared to other companies in the insurance industry.

The company has a stable dividend history over the past five years, suggesting that it is able to pay dividends to its shareholders even in economically challenging times. This indicates a solid financial foundation and effective management of capital resources.