Hua Er Jie Jian Wen·2025-11-12 16:10Core Viewpoint - Xinhua Insurance reported a cumulative premium of 181.973 billion yuan for the first ten months of the year, reflecting a year-on-year growth of 17% [1] Group 1: Premium Growth and Trends - The premium growth rates for Xinhua Insurance in the first three quarters were 28.02%, 15.38%, and 9.89% respectively, with a decline of 7.21% in October [1] - The company has shifted its focus towards dividend insurance products, which has become a key aspect of its liability management strategy [3] Group 2: Product Transformation - Xinhua Insurance has been promoting dividend insurance since April, aiming to reduce the proportion of guaranteed return products in response to the downward trend in interest rates [3] - The company has achieved a significant share of new premium income from dividend insurance, with individual insurance and bank insurance channels contributing over 70% and 30% respectively from April to July [4] Group 3: Management and Strategy - The management has established a leadership group and integrated mechanisms to promote the sales of dividend insurance, focusing on training and knowledge development for the sales team [4] - The company has faced challenges not only in internal sales systems but also in a highly competitive market, with many insurers launching diverse product strategies [4] Group 4: Financial Performance - Xinhua Insurance achieved a net profit attributable to shareholders of 32.857 billion yuan in the first three quarters, marking a record high for the period, with an annualized total investment return rate of 8.6% and total assets exceeding 1.8 trillion yuan [4]