In the first three quarters, a total of 84 property insurance companies made a combined net income of 50.7 billion yuan, with the 'big three' accounting for over 80%.
As of November 10th, a total of 84 property insurance companies have disclosed their third-quarter performance. Overall, in the first three quarters, these 84 property insurance companies achieved a total insurance business income of 1,305.555 billion yuan, a year-on-year increase of 6.2%; and a net income of 50.684 billion yuan, a year-on-year increase of 13.6%. Among them, the 'big three' (PICC P&C, Ping An Property Insurance, and PICC Property Insurance) collectively achieved a net income of 41.772 billion yuan, accounting for 82.4% of the total net income of the 84 property insurance companies.
Experts interviewed indicated that in the first three quarters of this year, the growth of insurance business income and net income of property insurance companies remained stable. However, the industry's 'Matthew effect' is still prominent, mainly due to the scale, brand, and cost advantages of large property insurance companies. For small and medium-sized insurance companies, it is necessary to focus on specific areas, differentiate products, and personalize to strengthen their operational capabilities. (Securities Daily)
Deciphering the operational challenges of commercial pension insurance, insurance companies need to match assets and liabilities well.
Recently, commercial insurance annuities have become a hot topic in the insurance industry, with increasing discussions.
Several industry experts mentioned that commercial pension annuities play a special role in retirement in terms of withdrawal and financial planning. In the process of conducting this business, insurance companies need to ensure good asset-liability matching and manage longevity risk. (Securities Times)
