长生人寿高管变阵，净利润与偿付能力双承压

Group 1 - The management team of Changsheng Life Insurance Co., Ltd. is undergoing continuous adjustments, with Zhou Jie approved as the new deputy general manager [1][2] - Zhou Jie has a background in technology and finance, having worked in various roles within Changsheng Life since 2009, including as the secretary of the board and temporary compliance officer [1] - OHAMA TERUHISA is the only Japanese member in the management team, recently appointed as the temporary audit responsible person following the departure of the previous audit head [2] Group 2 - Changsheng Life Insurance was established in September 2003 and is the first Sino-Japanese joint venture life insurance company in China, with major shareholders including China Great Wall Asset Management and Nippon Life Insurance [2] - Despite strong shareholder backing, the company's financial performance has been poor, with net profits showing negative figures from 2020 to 2024, including a net loss of 1.99 billion yuan in 2024 [2] - In Q1 of this year, the company reported insurance business revenue of 561 million yuan, a decline of over 40% year-on-year, and a net loss of 134 million yuan, exceeding the total loss for the previous year [2] Group 3 - The company has faced significant pressure on its solvency due to declining interest rates and increased reserves for solvency, prompting it to implement various measures to maintain solvency adequacy [3] - On the asset side, the company is focusing on long-term interest rate bonds to reduce asset-liability duration mismatch and improve solvency ratios [3] - On the liability side, the company is encouraging new business sales following product transformation to sustain solvency adequacy [3]