China’s Insurance Profits Soar by 95-115% in Q1-Q3 2024
China’s Insurance Profits Soar by 95-115% in Q1-Q3 2024

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New China Insurance (NCI), a prominent life insurer in China, reported a substantial increase in net profits for the first three quarters of 2024, estimating a surge of 95-115% compared to the previous year. This growth is attributed to several factors, including robust sales performance in the life insurance sector, particularly in August. With continued market improvements, NCI’s financial performance reflects a broader positive trend within the Chinese insurance market. The company emphasized its commitment to maintaining financial health and delivering value to its policyholders.

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