泰康人寿聘任薛继豪为临时负责人，“新寿险”深化迎考验

Core Viewpoint - The announcement of leadership changes at Taikang Life, with Xue Jihao appointed as the interim head and Cheng Kangping stepping down, marks a significant transition as the company approaches its 30th anniversary in 2026, raising questions about the continuation of the "New Life Insurance" model under new leadership [2][4][9]. Group 1: Leadership Transition - Cheng Kangping, who has served as president for nine years, is retiring due to reaching retirement age, with Xue Jihao expected to take over the role [4][5]. - The leadership change is part of a broader trend within Taikang Insurance Group, reflecting a pattern of internal promotions and the retirement of long-serving executives [4][8]. - Xue Jihao, the new interim head, has a strong background within the company, having held various positions and responsibilities, indicating a continuity in leadership philosophy [8]. Group 2: Company Performance - Under Cheng Kangping's leadership, Taikang Life's total assets grew to 19,197.59 billion yuan, more than tripling since 2016 [5]. - The company has experienced dual growth in scale and profitability, with insurance business revenue reaching 2,283.24 billion yuan in 2024, a year-on-year increase of 12.37% [5]. - By the third quarter of 2025, the net profit reached 247.72 billion yuan, a significant year-on-year increase of 168.92%, positioning Taikang Life at the top among non-listed life insurance companies [5]. Group 3: Market Position and Challenges - Taikang Life's solvency ratios are robust, with a core solvency adequacy ratio of 195.24% and a comprehensive solvency adequacy ratio of 284.16%, both exceeding industry averages [6]. - The company's market share has shown volatility, increasing from 5.89% in 2022 to 6.30% in 2023, but then declining to 5.85% in 2024, indicating challenges in maintaining competitive positioning [6]. - The "New Life Insurance" model, which aligns with national strategies such as "Healthy China" and addressing aging populations, is expected to be further developed under the new leadership, highlighting the need for innovative management approaches [7][9]. Group 4: Future Outlook - The upcoming 30th anniversary in 2026 presents a critical opportunity for Taikang Life to deepen its core strategies while addressing market share and profitability amidst industry changes [9]. - The transition in leadership comes at a time when the insurance industry is undergoing significant transformation, necessitating a shift in management strategies to support the evolving "New Life Insurance" model [9].