The Analysis Of The Investment Value Of Three Chinese Listed Insurance Companies

The insurance industry as one of the cores of the modern financial system is an important part of the national economy. The insurance industry's development and stability concerns about the stability of society. Along with the development of the national economy ,people's income level has been improved rapidly, which makes a great release of the effective demand for insurance Since reforming and opening up. After the 1980s, the insurance industry in China started growing rapidly under the support of the national policy . Compared with developed countries, however, China's insurance industry is still at low-level regardless of the depth and density of insurance and will have great prospect. In the next few years , there is no doubt that insurance companies will benefit from the development of the industry with high speed.At present, there are three listed insurance companies which are China Life, Ping An and Pacific Insurance. In china the three listed insurance companies are the three largest insurance companies which accounted for the vast majority of market share. Investors have gotten opportunities to share the result of the development of insurance industry since the three insurance companies are listed. So how to evaluate the intrinsic value of the listed insurance companies have become an important thing.This article aims to analyze the investment value of the three listed insurance companies with qualitative and quantitative method. The article is divided into five sections. The 1^st section of the article shall give a brief introduction on latest studies of stock investment value and tell the writing purpose and the creative point of this article. Then we shall discuss the investing environment of the three listed insurance companies from the angle of micro-economic environment, industry environment and their own operations. The 3^rd section will make a deeply analysis of the three listed insurance companies on their operations .these analysis includes business model ,profit path and operating performance. The 4^th section we shall build up the EVA assessing model of investment value and take advantage of this model to assess the intrinsic value of the three listed insurance companies. The last section of the article shall make a conclusion about the creation of the article.