Hot Topic:: Which insurance companies the most profitable in 2008?
Experts answer: Source: Securities Times Author: Zhang Xin (with abridged) main growth "high jump champion": China Life as a listed company's main business is never neglected indicators. The core of the "high jump ability" not only reflects the status of the development of enterprises, but also foreshadowed room to grow. The report shows that the three major insurance giant's business income in order to double-digit growth, with an average rise of 35%. However, compared with operating income soared last year, compared with net profit of the three major insurance giant sharp shrinkage in 2007, an average reduction of up to 73%. Among them, China Life in 2008 to achieve the original insurance contract premiums 2,955.79 billion, representing an increase of 50.33 percent over the same period in 2007, but the net profit attributable to shareholders reached 10.068 billion yuan, down 64.19 percent year on year; China Ping An 2008 annual report, 2008 total premium income of 129.383 billion yuan, an increase of 28.2%, but calculated in accordance with Chinese accounting standards, net profit of 8.73 billion yuan, down 94%; China Pacific Insurance in 2008 to achieve insurance income 94.016 billion yuan, representing 26.6% growth in 2007 However, attributable to shareholders of listed companies net profit of 1.339 billion yuan, down 80.6%. Not difficult to see from the above data, the three listed insurance companies, the main business of insurance is concerned, the most rapid growth in China Life, Ping An and China Pacific Insurance were nearly tied. Consolidated net profit is reflected in the performance indicators, China Life ranked first, followed by China Pacific Insurance, China's investment in Fortis Ping An involvement in the provision for losses caused by the huge bottom of the rankings. Business structure, "all-round champion": China's Ping An Though it is not based on insurance, but the three listed insurance company's business focus is very different. Who are the single king, who is the all-powerful king, the answer is self-evident. From the insurance perspective, dividends insurance and traditional insurance absolute position is different from other insurance companies, China Life, one of the greatest advantage. China Life Insurance 2008 Main dividends accounted for 72%, traditional life insurance has increased to 18%, universal health insurance and accident combined accounting for 10%. This can keep the overall cost of the policy liabilities of about 2.4% at a low level of dividends the other hand, have better insurance and the sustainability of traditional life insurance, usually the interest rate is affected by factors such as the impact of relatively small probability of surrender. China Life also said that this year the company has established business in maintaining a steady growth, while actively adjust their business structure, with particular attention paid to develop a long-term view to business and personal insurance-based business, primarily dividend-based and traditional insurance. China Life will shrink dramatically, and investment-oriented insurance products. China Ping An Insurance, the subsidiary of the life insurance, property insurance, pension insurance and health insurance constitute the four major subsidiaries in the same industry's most comprehensive business structure. Among them, the strongest one owns life insurance business; Insurance with "health beyond" as the core to achieve a valuable market share increase; pension annuity insurance business key indicators in the forefront in the peer; health insurance is the only country The four specialized health insurance companies. If the personal pension plans, corporate pension and enjoy the preferential policies of commercial health insurance, then peace will be a huge benefit. More importantly, China's Ping An integrated financial services in all sorts of: banking business to develop steadily and become increasingly apparent synergies. In addition, the company's 2008 results of cross-selling a significant contribution to the bank new credit cards 50.5%, producing 14.3% of insurance premiums, pension investment management business added the size of 14.9%. China Pacific Insurance to Insurance reflexes. Property and Casualty Insurance, theremains the domestic market is currently second in the rankings. The report shows that, CPIC's property insurance income 27.875 billion yuan, up 18.7% from a year earlier. Auto insurance, the insuranceincome 19.681 billion yuan last year, achieving more than a year grew 19.5%. In addition, non-motorized vehicles last year,casualty insurance business realized revenues 8.194 billion yuan, rose 17.1%, higher than the industry average. From the results constitute the point of view, relying on the overall financial and profitable cross-selling of Ping An of China is undoubtedly the most advantageous business structure. Moreover, its reserves in the consolidated financial aspect is also conducive to further expand the policy space in the future when the front-runners. In China, the top 25 life insurance companies in the top three - China Life, Ping An Life Insurance, Pacific Life - not only in China was listed as the first three, and they become one of Asia's top 150 insurance companies in the top ten. This shows that China's insurance companies in Asia a strong competitive edge. The domestic life insurance company top 10 Analysis of the first China Life Insurance Company Limited in the domestic life insurance company rankings, China Life's market share and profits both ranked first on the rate of loss reserve adequacy ranked first, liquidity and stability, respectively, ranked No. 4 and 7. In view of this, although the company's capital capacity is slightly lower than other insurance companies a competitive edge, but from the comprehensive capabilities, continues to top. The second Ping An of China Ping An Life Insurance Company Limited overall competitiveness ranking as the second place, mainly because of its size in the market ranked No. 2, profitability, ranked No. 3, asset liquidity is also very front, behind No. 5. Other indicators, the capacity of their capital closer to the industry average, ranking 10th place, loss reserve adequacy and operational stability is relatively on the list, are in 15th place. Because of its low growth rate of net assets, so that the stability of the company is relatively low. The third China Pacific Life Insurance Company Pacific Life's overall competitiveness of the market ranked third. This is mainly thanks to its strong liquidity (No. 1), market size (No. 3), and higher profitability (No. 5). However, other indicators, the company's performance is slightly inferior. Among them, the ability of capital ranked 12th, loss reserve adequacy ratio came in the first 13, in particular those operating stability, in our statistics, 25 life insurance companies, routed No. 24. At the same time, due to growth in net assets is too low, leading to its overall stability is relatively low. Taiping Life Insurance Co., the fourth overall competitiveness of Taiping Life Insurance in China came in fourth place. Their capacity and profitability of the capital, are in second place, assets with high liquidity (No. 2), the relative size of the market front (No. 6), but the operating stability, and loss reserve adequacy ratio of the poor performance of , only ranked 19. Taikang Life Insurance Co., the fifth Taikang Life's overall competitiveness ranked fifth in the industry. This is mainly thanks to its top-ranked profitability. In addition, the company's ability to market size and capital, are ranked No. 4. However, other indicators, such as loss reserve adequacy ratio (No. 18), liquidity (No. 19), operating stability (No. 18) is relatively on the list. Life Life Life Life Insurance Company the sixth in the country's overall competitiveness ranking No. 6, thanks to its good stability and asset liquidity, these two tests, which were ranked in the industry 3. In addition, the company's market size No. 8. Other indicators ranked center, slightly above the industry average. Among them, capital, capacity-ranked 10, loss reserve No. 12, profitability, ranked No. 12. Seventh Zhong Hong Life Insurance Co., Ltd. Macro Life is the first joint venture life insurance company, its overall competitiveness ranking in the 7th. Among them, business stability, ranked No. 2, asset liquidity ranked No. 6, profitability, ranked No. 7, No. 8 loss reserve. The other two indicators - market size and capital capacity - compare our ranking on the list, respectively, for the first 17 and 15. Eighth, Xinhua Life Insurance, Xinhua Life Insurance Company, as a large national insurance company, its overall competitiveness ranking in the 8th place. Xinhua Life Insurance, the advantage lies in its market size (No. 5), operating stability (No. 8) and profitability (No. 9), but its capital capacity (Chapter 20), mobility (No. 17), compensation reserve (No. 24) is relatively on the list. The ninth Pacific-Aetna Life Insurance Company Pacific-Aetna Life Insurance Company by China Pacific Insurance Group, Aetna and the United States a joint venture insurance company, its overall competitiveness ranking No. 9. The more prominent expression in its stability (No. 6), loss reserve adequacy ratio (No. 6); performance is still good and above-average level of profit-making capacity (No. 11) and liquidity (Article 12); However, in the capital capacity (Chapter 19), market size (No. 20), etc. the performance of the weaker side. 10th American International Assurance Company Limited as the only one allowed to carry on insurance business in China, foreign-owned life insurance company, AIG's competitiveness comes mainly from its capital capacity, profitability and market size, the more prominent performance in the capital capacity (Chapter 1), profitability (No. 5), market size (No. 7). Stability (No. 10) and liquidity (No. 13) also performed well. The lack of an adequate rate of compensation is mainly manifested in a lower ranked (No. 25).
Which insurance companies the most profitable in 2008 Copyright Disclaimer:
Contents of this page are from the Internet, the copyright belongs to the original page. All actions are under your responsability, please delete them after 24 hours or purchase it. Email us to report illegal contents.
