连亏6年脱离“海航系”，国资控股能否为渤海人寿“撑腰”

Core Viewpoint - Bohai Life Insurance is undergoing significant changes, including a new chairman, relocation of its headquarters to Tianjin Airport Economic Zone, and a capital injection from Tianjin state-owned assets, which may signal a turnaround for the company after six consecutive years of losses exceeding 9 billion yuan [1][2]. Group 1: Company Restructuring - Bohai Life Insurance has completed the first phase of a capital increase of 1 billion yuan from Tianjin state-owned assets, achieving state control [2]. - The company is preparing for a second round of capital increase, which is expected to improve its net assets and solvency ratio, enhancing its risk resistance and governance [2]. - The relocation of the headquarters to Tianjin Airport Economic Zone is aimed at leveraging the area's advantages in service industries and advanced manufacturing [3]. Group 2: Financial Performance - Since its establishment in December 2014, Bohai Life Insurance has faced significant financial challenges, with total losses exceeding 9 billion yuan over the past six years [2]. - The company initially reported profits in its early years but began incurring losses starting in 2018, with losses of 7.68 million yuan in that year and subsequent losses of 13.95 million yuan, 27.44 million yuan, 0.5 million yuan, 12.02 million yuan, and 31.05 million yuan in the following years [2]. Group 3: Management Changes - The board of directors has undergone significant changes, with over one-third of its members replaced, including the resignation of the former chairman and the appointment of a new chairman, Kou Jianghua [4][5]. - The company is actively recruiting two vice presidents to enhance its management team, focusing on insurance business channels and strategic planning [5]. - Kou Jianghua is currently serving as the interim head of the company while the selection process for a permanent general manager is underway [6]. Group 4: Strategic Initiatives - Bohai Life Insurance is implementing a multi-faceted approach to improve profitability, focusing on debt management, investment strategies, and internal management [6]. - The company aims to stabilize cash flow and business scale while deepening business transformation and accelerating risk resolution [6]. - Efforts are being made to optimize asset allocation, strengthen investment capabilities, and enhance investment returns [6].