从巨亏92亿元到国资救场，寇江华“挂帅”渤海人寿寻破局

Core Viewpoint - Bohai Life Insurance, previously part of the HNA Group, is undergoing a transformation with new leadership and a focus on improving its financial health and governance structure [2][6]. Group 1: Company Overview - Bohai Life Insurance was established in December 2014 and is the first life insurance company headquartered in the Tianjin Free Trade Zone, with HNA Group as its largest shareholder holding 20% of the shares [3]. - The company had a strong start, achieving profitability in its second year of operation, with profits of 0.8 billion yuan, followed by profits of 0.7 billion yuan in 2016 and 2.21 billion yuan in 2017 [3][4]. Group 2: Financial Performance - The company has faced significant financial challenges, with cumulative losses exceeding 92 billion yuan over six years, including losses of 7.68 billion yuan in 2018 and 31.01 billion yuan in 2024 [4][6]. - Bohai Life has not disclosed solvency reports for four consecutive quarters, leading to a downgrade in its risk rating from B to C since Q1 2021, indicating ongoing financial instability [4][5]. Group 3: Governance and Management Changes - The appointment of Kou Jianghua as the new Party Secretary is expected to lead to his role as Chairman, with a focus on improving corporate governance and financial performance [2][6]. - The company has been working on transferring control to Tianjin state-owned assets, which is anticipated to enhance its brand reputation and risk management capabilities [6]. Group 4: Future Plans - Bohai Life aims to enhance its profitability by focusing on value-oriented insurance products, optimizing asset allocation, and improving operational efficiency [4][7]. - The company is actively seeking a new General Manager to stabilize its management structure and is committed to adapting to industry trends and improving customer service [7].