PING AN OF CHINA(HK:02318) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-13 06:19Core Insights - The insurance industry has shown overall stability in solvency capabilities for Q2 2025, with most companies meeting regulatory requirements for core and comprehensive solvency ratios [1][3] - A total of 14 insurance companies have achieved an AAA rating, while 5 companies are rated as C, indicating significant deficiencies in governance and risk management [2][4] Solvency Reports - 60 non-listed life insurance companies and 76 non-listed property insurance companies have disclosed their solvency reports for Q2 2025 [1] - The solvency ratios for the companies that reported are as follows: - Core solvency ratio for AAA-rated companies ranges from 161% to 845.44% [3] - Comprehensive solvency ratio also meets the required standards for these companies [3] Risk Ratings - The new C-ROSS II framework has refined risk ratings into eight categories from the previous four, with C indicating significant deficiencies in governance and operational risks [2] - Five companies rated C include Huahui Life, Asia-Pacific Property Insurance, Anhua Agricultural Insurance, Huazhong Property Insurance, and Xinjiang Qianhai United Property Insurance [4] Capital Supplementation - In H1 2025, 13 insurance companies announced capital increase plans totaling nearly 50 billion, significantly higher than the previous year [7] - Major players like Ping An Life and CITIC Prudential have announced substantial capital increases, while smaller firms are optimizing their structures by introducing new shareholders [7] Regulatory Environment - The transition period for the C-ROSS II framework has been extended to the end of 2025, providing companies more time to adapt to new regulations [6] - Companies are encouraged to enhance their capital structures and risk management systems to meet the final requirements of the new solvency regulations [6][8]