HK Stock Market Move | Internal insurance stocks all rise, insurance companies have successively released quarterly reports recently. Institutions believe the timing of layout after the performance pressure is cleared is promising.

Non-life insurance stocks rose across the board. As of the time of writing, Ping An Insurance (02318) rose by 5.91% to 63.6 Hong Kong dollars; China Life Insurance (0268) rose by 5.14% to 27.4 Hong Kong dollars; China Pacific Insurance (02601) rose by 4.93% to 33.64 Hong Kong dollars; New China Life Insurance (01336) rose by 4.89% to 50.6 Hong Kong dollars. In terms of news, listed insurance companies have successively disclosed their quarterly reports recently. China Pacific Insurance reported its performance in the first quarter of 2026, achieving insurance service revenue of 70.234 billion yuan, a year-on-year increase of 1.0%; achieving net profit of 10.041 billion yuan, a year-on-year increase of 4.3%; operating profit of 10.523 billion yuan, a year-on-year increase of 3.6%. Ping An Insurance also released its performance, with a first-quarter attributable operating profit of 40.78 billion yuan, a year-on-year increase of 7.6%. Zhongtai released a research report stating that since April, geopolitical risks have eased marginally, and the equity market has gradually desensitized and stabilized rebounded. However, the insurance sector has been suppressed by quarterly reports for the first quarter of 2026 falling below expectations. The bank pointed out that the pace of the insurance sector has clearly diverged from the market this year, and it is optimistic about the positioning opportunities after the market stabilizes and the pressure of the first quarter of 2026 quarterly reports clears.