houseoffun200freespins2022| The five major insurance companies collected a total of 1.2506 billion yuan in premiums in the first four months. The third major insurance companies have the highest growth rate

Changjiang Business Daily News ● Changjiang Business Daily reporter Pan Ruidong

A few days ago, the five major A-share listed insurance companies in the first four months of the premium income (that is, the original insurance premium income, the same below) have been disclosed.

According to the announced data of premium income of each company, the combined premium income of China Life, Ping an, PICC, PICC and Xinhua Insurance was 1.2506 trillion yuan, an increase of 1% over the same period last year.Houseoffun200freespins2022.47%.

Among the five listed insurance companies, only Xinhua Insurance premium income declined.Houseoffun200freespins2022All four of his families are on the increase. Compared with the first quarter, the premium income of the top five listed insurance companies changed from "three liters and two declines" to "four liters and one drop" in the first four months.

From the perspective of the old three "property insurance", in the first four months, the property insurance of China Pacific Insurance Co., Ltd.Houseoffun200freespins2022The growth rate of .8% is higher than that of Ping an property Insurance of China (3.1%) and PICC (2.8%).

It is worth mentioning that, benefiting from the release of demand for savings insurance and the support of renewal business, and the increase in the production capacity of superimposed insurance channels, the life insurance business of the five major listed insurance companies picked up significantly, with premium income up 7.6% in April compared with the same period last year.

The premium income of the five listed insurance companies continues to grow.

After the difficulty of becoming a regular employee in the first quarter, the premium income of the five listed insurance companies continued to grow in April.

Data show that the premium income of China Life, Ping an, PICC, China Pacific Insurance and Xinhua Insurance in the first four months of 2024 was about 371.2 billion yuan, 330.4 billion yuan, 300.1 billion yuan, 181.7 billion yuan and 67.2 billion yuan. Year-on-year changes of 3.9%, 2.4%, 1.3%, 1%,-11.7%, showing a "four liters and one drop" pattern. According to a rough calculation, the premium income of the five insurance companies is 1.2506 trillion yuan, an increase of 1.47% over the same period last year.

It is worth noting that this growth rate is better than the 0.96% growth rate in the first quarter. Specifically, in the first quarter of this year, the premiums of the above five insurance companies increased by 3.2%, 1.64%, 1.32%,-0.18% and-11.7% year on year, showing a "three liters and two declines" pattern.

From the perspective of life insurance business, in the first two months of 2024, the growth rate of life insurance business premium income of the five listed insurance companies was-2.97% compared with the same period last year.Houseoffun200freespins2022In the first quarter, the growth rate increased to-0.44%. In the first four months of this year, the five listed insurance companies totaled 859.4 billion yuan in life insurance premiums, a slight increase of 0.4% over the same period last year, achieving positive growth and rising again from the first quarter.

Specifically, the premiums of China Life, Ping an Life, Life Insurance, Pacific Life Insurance and Xinhua Insurance in the first four months of this year were 371.2 billion yuan, 212.155 billion yuan, 60.47 billion yuan, 104.524 billion yuan and 67.2 billion yuan, respectively, up 3.9%, 1.9%,-5.9%,-3.5% and-11.7%, respectively. It presents the pattern of "two liters and three declines".

However, from a monthly point of view, the life insurance business premium income of the top five listed insurance companies rose 7.6% in April compared with the same period last year, which is better than in March. Among them, three companies achieved positive growth of more than 10%.

For the five major listed insurance companies life insurance business premiums pick up month by month, Everbright Securities (rights) believes that this is mainly due to the continued strong demand for savings insurance release and renewal business support. Non-bank analysts of open source securities believe that the premium growth rate of most listed insurance companies improved in April, mainly for the increase in production capacity of individual insurance channels.

It should be noted that with regard to the decline in the premium income of Xinhua Insurance, Wang Lianwen, vice president of Xinhua Insurance, once mentioned that the company will have to increase its value and optimize its structure in 2024, especially in the silver generation. In addition to the overall decline of the silver channel market, after the integration of the newspaper and the bank, the value contribution of the silver generation will be even greater, based on which the future will strengthen the sustained positive growth of the futures delivery business and control the bargain trading business.

The "old three" of property insurance collected 391.167 billion yuan.

In April, the life insurance recovery trend is obvious, but the growth rate of property insurance premium income has declined.

In the first four months, the premiums of Ping an property Insurance, PICC property Insurance and PICC property Insurance reached 103.529 billion yuan, 210.495 billion yuan and 77.143 billion yuan respectively, up 3.1 per cent, 2.8 per cent and 7.8 per cent respectively over the same period last year. According to a rough calculation, the three companies have accumulated premium income of 391.167 billion yuan.

In the first quarter of this year, the premium income of the three companies grew by 2.75%, 3.78% and 8.6% respectively. By contrast, only Ping an property Insurance exceeded the growth rate of the first quarter in April alone.

According to the data, Ping an property Insurance realized premium income of 24.453 billion yuan, up 4.1% from the same period last year; PICC property Insurance realized premium income of 36.518 billion yuan, down 1.4% from the same period last year; and PICC property Insurance realized premium income of 14.652 billion yuan, up 4.7% from the same period last year. The growth rate decreased by 1.8%, 9.2% and 8% respectively compared with March. Everbright Securities analysts believe that it is expected to be mainly affected by the adjustment of non-car insurance business.

Specific to various types of insurance, according to the data released by PICC property insurance, car insurance premiums increased by 2.3% over the same period last year, which is lower than the growth rate of non-car insurance business. In non-car insurance business, enterprise property insurance, accidental injury and health insurance and freight insurance increased by 6.7%, 4.9% and 4.9% respectively compared with the same period last year.

In April, the premium income of PICC property insurance car insurance business was 21.842 billion yuan, an increase of 3.5% over the same period last year, while that of non-vehicle business was 14.676 billion yuan, down 7.8% from the same period last year. Open source securities analysts predict that the decline in the growth rate of PICC non-car insurance premiums is expected to be related to the delayed pace of bidding in some areas and the company's active pressure drop on some high-risk business.

According to the first-quarter results, only China Pacific Insurance Company achieved a slight increase in the return net profit of the above five listed insurance companies. Data show that the net profits of China Life, China Ping an, China people's Insurance, China Pacific Insurance and Xinhua Insurance are 20.644 billion yuan, 36.709 billion yuan, 8.963 billion yuan, 11.759 billion yuan and 4.942 billion yuan respectively, with year-on-year growth rates of-9.34%,-4.28%,-23.53%, 1.14% and-28.55%, respectively.

A reporter from the Yangtze River Business Daily found that the decline in profits of insurance companies in the first quarter was mainly caused by fluctuations in investment income. According to the quarterly report, the investment income of the above five major insurance enterprises is 5.464 billion yuan,-6.971 billion yuan, 2.494 billion yuan,-1.547 billion yuan and-1.719 billion yuan respectively, while in the same period in 2023, the figures are 54.338 billion yuan, 6.823 billion yuan, 8.07 billion yuan, 1.1 billion yuan and-1.755 billion yuan respectively.

In addition to profitability affected by investment income, China Life, Ping an of China and PICC also mentioned that the increase in insurance payments affects the performance level. PICC said that the company's net profit fluctuated in the short term, mainly affected by natural disasters, car insurance risk rate and capital market.