2 1 Shi Ji Jing Ji Bao Dao·2025-09-05 09:21Core Insights - Xinhua Insurance celebrates its 29th anniversary in 2025, reflecting on its growth as a significant player in China's insurance market, driven by a customer-centric approach and ongoing market-oriented reforms [1][2][3] Financial Performance - In the first half of 2025, Xinhua Insurance achieved an operating revenue of 70.041 billion yuan, a year-on-year increase of 26% [2] - The company's original insurance premium income exceeded 121.262 billion yuan, marking a substantial growth of 22.7% [2] - New business value reached 6.182 billion yuan, up 58.4% year-on-year, while the embedded value rose to 279.394 billion yuan, an 8.1% increase from the previous year [2] - Net profit attributable to shareholders was 14.799 billion yuan, reflecting a 33.5% increase, with a return on equity (ROE) of 15.9%, up nearly 5 percentage points [2] Asset and Solvency Position - As of June 30, 2025, Xinhua Insurance's total assets reached 1.78 trillion yuan, a 5% increase from the end of the previous year [3] - The core solvency ratio stood at 170.72%, up 46.65 percentage points, while the comprehensive solvency ratio was 256.01%, an increase of 38.46 percentage points [3] Strategic Initiatives - The "XIN Generation" plan was launched in July 2024 to transform the individual insurance channel, focusing on five upgrades to enhance the marketing team [5][6] - The individual insurance channel reported a first-year premium of 14.506 billion yuan, a significant increase of 70.8% [6] - The number of individual insurance agents reached 133,000, with a 182% year-on-year increase in new hires [6] Service Ecosystem - Xinhua Insurance has developed a comprehensive service ecosystem covering ten areas, including health management and wealth management, to meet diverse customer needs [7][9] - The "Xinhua Respect" service system targets high-net-worth clients, while "Xinhua Safe" focuses on home-based elderly care [9] - The company has established a health management service network, expanding to 40 international hospitals for comprehensive health management [9][10] Investment Strategy - Xinhua Insurance emphasizes asset-liability matching, optimizing product strategies and asset structures to control costs and enhance returns [12] - The investment scale exceeded 1.7 trillion yuan, with a total annualized investment return rate of 5.9%, up 1.1 percentage points [12][13] Future Outlook - As Xinhua Insurance approaches its 30th anniversary, it aims to enhance its core competitiveness through reforms, customer-centric strategies, and a commitment to high-quality growth [14][15]