Cai Jing Wang·2025-03-31 09:35Core Insights - Xinhua Insurance reported strong financial performance for 2024, with total revenue reaching 132.56 billion yuan, a year-on-year increase of 85.3% [1] - The company aims to enhance its strategic transformation by focusing on customer-centric strategies and optimizing its organizational structure [1][3] - Xinhua Insurance's investment return rate improved significantly to 8.5%, up 5.9 percentage points from the previous year [2] Financial Performance - The company achieved a record net profit of 26.2 billion yuan, representing a year-on-year growth of 201.1% [1] - Original insurance premium income was 170.5 billion yuan, a 2.8% increase year-on-year [1] - Total assets reached 1.69 trillion yuan, marking a 20.6% increase from the previous year [1] Business Development - New business value for 2024 was 6.253 billion yuan, up 106.8% year-on-year, with a new business value rate of 14.6%, an increase of 7.9 percentage points [2] - The company plans to distribute a total cash dividend of 7.893 billion yuan for 2024, which is over 30% of the net profit attributable to shareholders [2] Strategic Focus - Xinhua Insurance's future strategy includes three main directions: optimizing the organizational structure, enhancing customer service, and strengthening investment capabilities [3] - The company is committed to balancing traditional and floating yield products to mitigate risks associated with low interest rates [4][5] Investment Strategy - The investment strategy emphasizes long-term, deep, and broad investment approaches, focusing on strategic emerging industries and advanced manufacturing [7][10] - Xinhua Insurance aims to diversify its investment portfolio while maintaining a strong risk management framework [9] Customer-Centric Approach - The company has developed a comprehensive product system covering various insurance needs, with 176 products available as of the end of 2024 [11] - Xinhua Insurance is enhancing its health and wellness ecosystem, integrating services across different care models [12][13]