Premium income surged by 32%! NCI announced its best "New Year" in five years for January!

The insurance industry is expected to achieve a "good start" in 2025!

On February 12, NCI announced its premium income for January 2025, showing that the company's premium income in January increased significantly by 32% compared to last year!

In the previous year, NCI's annual premium income growth rate was 2.8%.

Clearly, since the beginning of the year, NCI's premium income situation has been very good.

Announcement states "significant business scale improvement"

The announcement revealed that NCI's cumulative original insurance premium income from January 1, 2025, to January 31, 2025, was approximately 39.45 billion yuan, a year-on-year increase of 32%.

NCI's announcement also stated that the company's various channels performed well in January, with high-performing personnel continuing to grow, and the business scale significantly improved. The company's reform, innovation, and high-quality development results are increasingly evident.

January has historically seen fluctuations

So will January 2025 be the insurance industry's conventional "red January"?

Of course not.

Looking back at the past five years of premium income in January for the insurance industry, fluctuations are the norm.

Taking NCI as an example, in the past five years, the fastest growth in premium income in January was in 2025, with a growth rate of 32% year-on-year.

In contrast, both 2023 and 2024 saw negative growth.

This reflects the extraordinary nature of the insurance industry's "good start" in premium income this year.

Products attract customers

According to media reports, NCI's sales performance on the first day of January indeed saw a significant boost.

Some insurance agents indicated that this year, NCI's products are "easy to sell" and "selling well," with many large policies. Short-term payment and quick return fixed-income products combined with high costs on the channel side have been effective in the short term.

Previously, an analysis by Xiangcai Securities stated that as capital market expectations stabilize, the asset return expectations of insurance companies are likely to continue improving. In the future, with dynamic adjustments to the preset interest rates, the cost pressure on the liability side is expected to ease. There are expectations for improvement on both the asset and liability sides of insurance companies, which will optimize the matching of asset-liability returns and reduce the risk of interest spread losses. Currently, the yield of savings-type life insurance products still has a relative advantage, and personal insurance premium income is expected to continue its growth trend. Additionally, consumer policies continue to drive new car sales and growth in property insurance income, with the property insurance companies' liability side expected to maintain a favorable outlook.

NCI is the first A-share insurance company to announce its latest premium income for 2025 this year, and whether more insurance institutions will follow suit remains to be seen Risk Warning and Disclaimer

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