Xinhua Insurance’s net profit increased by 84% last year

Xinhua Insurance’s net profit increased by 84% last year
On March 25, Xinhua Insurance released its 2019 performance report.The data shows that last year the company achieved an annual premium income of 1381.$ 3.1 billion, an annual increase of 13%.At the same time, benefiting from the adjustment of pre-tax compensation policies for insurance companies’ handling fees and commission expenses and the improvement of the company’s overall profitability, Xinhua Insurance’s return to its parent net profit increased by 83 last year.8%, reaching 145.5.9 billion yuan.Xinhua Insurance stated that it plans to distribute the 2019 annual cash dividend itself to all A-share shareholders and H-share shareholders.41 yuan (including tax), a total of about 43.9.9 billion yuan, about 30% of the net profit attributable to the mother that year.2%.It is worth noting that this is also the first transcript of Xinhua Insurance’s new leadership team after taking over the company.At the beginning of last year, after Wan Feng left Xinhua Insurance because of his age, the new chairman Liu Haoling and CEO Li Quan took office successively last year.Looking at the long-term premiums of health insurance long-term insurance dropped by type of insurance, last year, Xinhua Insurance’s dividend-type insurance long-term insurance first year premium income reached 65.4.4 billion, an increase of 114 per year.9%, the first-year premium income of traditional insurance long-term insurance also increased by 30 each year.1%, but the first-year premium income of long-term health insurance has decreased by 4 per year.8%, up to 116.3.8 billion yuan.In terms of channels, Xinhua Insurance ‘s individual insurance channels had a premium income of 1084 last year.5 ten percent, an annual increase of 9.4%.Manpower has grown rapidly. As of the end of 2019, the scale of individual insurance channels reached 50.70,000 people, an annual increase of 37%, but the average monthly pass rate is only 33.1%, more than ten years.7 averages.In addition, the bancassurance channel, which was once shrinking or slow-growing by Xinhua Insurance, finally ushered in an extension of growth, exceeding the increase by 31.2%, realized 272 premium income.8.6 billion yuan.In terms of investment, Xinhua Insurance’s total investment return rate reached 4 in 2019.9%, rising by 0 every year.3 averages.It can be clearly seen from the investment portfolio that Xinhua Insurance has significantly increased the proportion of stock investment, from 4 at the end of 2018.6% rose to 6 at the end of last year.6%.Xinhua Insurance believes that the overall stock market in 2019 will still show a volatile pattern, and the structural market will be obvious. The company ‘s stock investment will develop steadily around the fundamentals and steadily increase its performance.Increase configuration effort.Regarding the impact of the response on the industry: the offline business was almost at a standstill. It is worth noting that Liu Haoling and Li Quan mentioned the impact of the new coronary pneumonia epidemic on the insurance industry in this annual report.Liu Haoling admits that the short-term adverse effects will not change the long-term trend of its economy. After a fierce battle with the virus, the public will become aware of the nature of health and protection and pay more attention to insurance products.Xinhua Insurance will seize development opportunities, follow industry trends, and meet customer needs.Li Quan also admitted that the epidemic affected the industry’s short-term performance.For a long time, the first quarter was the best period of the year for insurance companies. Affected by the epidemic, the offline business was almost stagnation, and organizational development was also difficult.However, we can see that online operations have achieved a breakthrough in speed and speed, and the industry’s top-down response speed and execution ability have been significantly improved.Li Quan also said that this outbreak has changed people’s understanding of risks.The public’s risk awareness has improved significantly, especially the middle class has begun to carefully examine family risk exposure, which is of great significance to the development of the industry.In the next step, how to better meet the risk protection needs of customers and provide better protection services are all worth pondering.Li Quan also believes that this epidemic will not change the wave of the golden age of the insurance industry.The country is still in a period of important strategic opportunities for development. With the accumulation of people’s wealth and increased awareness of risks, the broad development space of the insurance industry has never changed. The insurance industry will play a more important role in the national strategy.However, despite the impact of the new coronary pneumonia epidemic, but from 1?Looking at the premium income data in February, Xinhua Insurance did not seem to suffer much, but it increased by 44.22% reached 395.600 million yuan.Sauna, Ye Wang Pan Yichun editor Wang Jinyu proofreading Li Xiangling

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