NCI(601336) 新浪财经·2025-03-29 00:20Core Insights - Xinhua Insurance (601336.SH, 01336.HK) reported a significant increase in net profit attributable to shareholders, rising by 201.1% year-on-year in 2024, making it the company with the highest profit growth among five A-share listed insurance firms [1] - The substantial growth in net profit is primarily attributed to improved investment performance, with a comprehensive investment return rate of 8.5% and a total investment return rate of 5.8% in 2024 [1][4] Financial Performance - The intrinsic value of Xinhua Insurance reached 258.48 billion yuan in 2024, marking the highest level in five years, while the new business value surged to 6.253 billion yuan, reflecting a year-on-year increase of 106.78% [2] - Total investment income for 2024 was 79.687 billion yuan, a 251.6% increase from 22.664 billion yuan in 2023, while comprehensive investment income rose to 114.961 billion yuan, up 252.5% from 32.615 billion yuan [4] - The company's high-dividend OCI (Other Comprehensive Income) investments grew from 5.370 billion yuan at the beginning of the year to 30.640 billion yuan by the end of 2024, an increase of 470.6% [5] Strategic Initiatives - Xinhua Insurance, in collaboration with China Life, established the Honghu Zhiyuan Fund with a total scale of 50 billion yuan, aimed at long-term investment reform [6] - The fund's net assets reached 52.716 billion yuan by the end of 2024, with Xinhua Insurance holding a 50% stake, equating to 26.358 billion yuan in net asset share [6] Business Development - In 2024, Xinhua Insurance achieved original insurance premium income of 170.511 billion yuan, a year-on-year increase of 2.8%, with long-term insurance first-year premium income rising by 15.6% [7] - The company plans to enhance its sales team's skills to align with product transformation, particularly focusing on the development of dividend insurance products [9]