Zhong Guo Xin Wen Wang·2025-04-02 07:04Core Insights - China Pacific Insurance (CPIC) achieved an operating revenue of 404.09 billion yuan in 2024, a year-on-year increase of 24.7%, with a net profit attributable to shareholders of 44.96 billion yuan, up 64.9% year-on-year [1] - The company's internal value grew by 6.2% compared to the end of the previous year, and its managed asset scale increased by 21.2% [1] - CPIC's strategic focus on a customer lifecycle service ecosystem and deep integration of ESG principles has led to significant economic and social value [1] Financial Performance - CPIC's operating revenue reached 404.09 billion yuan, marking a 24.7% increase year-on-year [1] - The net profit attributable to shareholders was 44.96 billion yuan, reflecting a substantial year-on-year growth of 64.9% [1] - Internal value and managed asset scale increased by 6.2% and 21.2%, respectively, compared to the previous year [1] ESG and Sustainability Initiatives - CPIC released its 2024 Sustainable Development Report, marking the fourth consecutive year of such reports, emphasizing the integration of ESG with core business [2] - The company has developed over 30 innovative green insurance products, including shipping decarbonization insurance and carbon quota pledge insurance, to support green industries [3] - CPIC's green insurance coverage exceeded 147 trillion yuan, with green investments surpassing 260 billion yuan [3] Product Innovation and Risk Management - CPIC has introduced various innovative insurance products in the carbon sink sector, including the first "zero-carbon village" insurance [4] - The company has developed a comprehensive insurance solution covering ecological rescue and carbon asset transformation [4] - CPIC's catastrophe risk coverage reached approximately 975.2 billion yuan, providing robust support against disaster risks [3] Social Responsibility and Community Support - In 2024, CPIC invested 17.57 million yuan in rural support, enhancing infrastructure and industry revitalization [5] - The company developed 1,409 agricultural insurance products, covering over 19.3 million farming households [5] - CPIC's health insurance services reached over 200 million people, with long-term care insurance serving over 90 million individuals [5] Talent Development and Customer Service - CPIC has implemented talent development programs like the "New Sharp Plan" and "Intern Director" to build a structured talent pipeline [6] - The company has launched innovative service models, including intelligent claims processing and one-stop policy services, enhancing customer experience [6] - CPIC received multiple accolades for its ESG practices, including an upgrade to AA rating by MSCI, the highest for mainland insurance companies [6]