NCI(601336) 中国经营报·2025-03-30 07:39Core Viewpoint - Xinhua Insurance reported record highs in three core indicators for 2024, reflecting strong growth and confidence in the Chinese economy and the life insurance industry [1][7]. Financial Performance - The company achieved original insurance premium income of 170.5 billion yuan, a year-on-year increase of 2.8% [1]. - Total assets reached 1.69 trillion yuan, up 20.6% year-on-year [1]. - Net profit attributable to shareholders was 26.2 billion yuan, a significant increase of 201.1% [1]. - Investment scale exceeded 1.6 trillion yuan, growing by 21% [1]. - Total investment return rate was 5.8%, with a comprehensive investment return rate of 8.5%, showing substantial improvement [1]. Business Structure Optimization - The proportion of first-year premium income from long-term insurance reached 70.1%, an increase of 12.6 percentage points year-on-year [2]. - New business value grew by 106.8% year-on-year, reaching 6.253 billion yuan [1]. - The company’s individual insurance channel generated premium income of 115.97 billion yuan, a slight increase of 0.3% [3]. Channel Performance - The individual insurance channel's first-year premium income was 13.235 billion yuan, up 19.7% [3]. - The bancassurance channel achieved premium income of 51.674 billion yuan, a growth of 8.1%, with first-year premium income reaching a historical high of 13.873 billion yuan, increasing by 11.5% [3][4]. Strategic Initiatives - The company is focusing on enhancing core competitiveness through sales, product, and service capabilities [5]. - Plans to promote floating-type products and improve skills in dividend insurance sales are underway [5][6]. - Future strategic directions include optimizing organizational mechanisms, providing comprehensive customer services, and strengthening investment capabilities [7][8].