175家险企相继披露2025年第一季度偿付能力报告 4家险企仍“亮红灯” 3家险企退出“差生”队列

Core Insights - The solvency of insurance companies is crucial for their operational development and is a key indicator for regulatory assessment of risk management capabilities [1] - As of April 30, 2025, 175 insurance companies have disclosed their solvency reports for the first quarter, revealing that 4 companies have a risk composite rating of C, resulting in non-compliance with solvency standards [2] Summary by Sections Solvency Ratings - Four insurance companies have a risk composite rating of C, failing to meet solvency standards, while all 175 companies meet the core and comprehensive solvency adequacy ratios [2] - Specific companies with a C rating include Huahui Life, Huazhong Insurance, Anhua Agricultural Insurance, and Asia-Pacific Insurance, with Huahui Life having a C rating for 12 consecutive quarters due to governance issues [2][3] Improvement Measures - Companies like Huazhong Insurance and Anhua Agricultural Insurance are actively working on governance improvements to address their C ratings, with Anhua reporting substantial progress [3] - Asia-Pacific Insurance has outlined measures to improve its risk management and data reporting to enhance its rating from B to C [3] Companies Exiting "Underperformers" - Three companies have improved their risk ratings and exited the "underperformers" category, achieving compliance with solvency standards [4] - Beida Fangzheng Life and Sanxia Life improved from D to C and then to B, while Zhu Feng Insurance improved from C to B [4][5] Overall Industry Trends - The overall solvency of the insurance industry is improving, with the number of non-compliant companies decreasing from 7 to 4 [6] - Factors contributing to this improvement include increased investment returns and capital-raising activities, with insurance companies raising nearly 54 billion yuan in the first quarter [6] - Despite improvements, some companies have not disclosed solvency reports for extended periods, raising concerns about their risk ratings [6]