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新业务价值同比劲增20.9%,中国太保打开价值成长新引擎
Sou Hu Cai Jing·2025-04-01 03:53

Core Viewpoint - Major listed insurance companies in China have reported strong performance for 2024, boosting confidence in the industry's transformation during a complex external environment [2] Financial Performance - China Pacific Insurance (CPIC) achieved operating revenue of 404.09 billion yuan in 2024, a year-on-year increase of 24.7% [2] - The net profit attributable to shareholders exceeded 40 billion yuan for the first time, reaching 44.96 billion yuan, a significant increase of 64.9% year-on-year [2] - The operating profit attributable to shareholders was 34.43 billion yuan, up 2.5% year-on-year, while the group's embedded value was 562.07 billion yuan, growing by 6.2% [2] Life Insurance Segment - CPIC's life insurance segment reported premium income of 261.08 billion yuan, a 3.3% increase year-on-year, with new business value rising by 57.7% to 17.28 billion yuan [3] - The new business value margin improved by 8.6 percentage points to 21.9% [3] - The net profit for the life insurance segment surged by 83.4% to 35.82 billion yuan [3] Non-Life Insurance Segment - CPIC's property insurance segment achieved premium income of 203.54 billion yuan, a 6.8% increase year-on-year, with non-auto insurance premiums growing by 10.7% [3] - The net profit for the property insurance segment increased by 12.2% to 7.38 billion yuan [3] Transformation and Strategy - CPIC's life insurance business is undergoing a "Long Voyage Transformation," focusing on multi-channel development and enhancing value contribution [4] - The 13-month policy continuation rate for individual life insurance customers reached 97.4%, up 1.7 percentage points year-on-year [4] - The company is implementing a six-strategy framework for 2025, focusing on customer, regional, product, channel, operational, and digital strategies [6] Innovation and Development - CPIC is exploring innovative areas such as new energy vehicle insurance, with 17% of auto insurance premiums coming from this segment [7][8] - The company is enhancing its risk management capabilities and optimizing its non-auto insurance structure [9] - CPIC has initiated three major strategies: "Great Health and Elderly Care," "AI+," and internationalization, to drive high-quality development [10][11]