Core Viewpoint - The insurance industry is witnessing a significant change as some listed insurance companies have chosen to stop disclosing monthly premium income data, marking a shift in the industry's information disclosure practices [2][5]. Group 1: Changes in Disclosure Practices - China Ping An, China Life, and China Pacific Insurance have not disclosed monthly premium data for seven consecutive months, while New China Life continues to do so [2]. - The cessation of monthly premium disclosures is not a uniform action across all A-share listed insurers, indicating a divergence in practices within the industry [2]. Group 2: Reasons for Change - The shift is partly attributed to the adoption of new standards, which suggest that original insurance premium income does not fully reflect the insurance service income of companies, particularly in life insurance [2]. - Companies are focusing more on value indicators rather than scale indicators, as short-term data may not provide significant value to investors [2]. Group 3: International Perspective - Some international insurance companies, such as Allstate and Prudential, also do not disclose monthly premium information, focusing instead on annual financial reports and other metrics [3]. - The practice of disclosing monthly premium data has both advantages and disadvantages, with transparency being beneficial for investors but short-term fluctuations potentially misleading [3]. Group 4: Strategic Shift - The decision to stop disclosing monthly data reflects a strategic shift from a focus on short-term performance to long-term planning, emphasizing the development of protection-oriented products and optimizing business structures [4]. - This transition aligns with a broader industry trend moving from a "scale-oriented" approach to a "value-oriented" strategy [5]. Group 5: Market Transparency and Investor Impact - The lack of monthly premium data may increase information asymmetry in the market, making it more challenging for investors, especially smaller ones, to assess company performance [4]. - To mitigate this information gap, companies are encouraged to enhance market transparency through detailed quarterly reports and regular investor communications [4].