券商中国·2025-05-08 06:40Core Viewpoint - The insurance asset management industry has shown overall growth in 2024, with significant increases in revenue and net profit across most institutions, while maintaining a stable competitive landscape among leading firms [2][8]. Group 1: Financial Performance - In 2024, 34 insurance asset management institutions reported a total revenue of 41.6 billion yuan, a year-on-year increase of 14.4%, and a net profit of 18.4 billion yuan, up 18.1% [2][8]. - The top performer, Guoshou Asset, achieved a revenue of 6.703 billion yuan, growing by 27.5%, and a net profit of 3.857 billion yuan, increasing by 34.1% [3][6]. - Taikang Asset ranked second with a revenue of 6.282 billion yuan, up 23.1%, and a net profit of 2.843 billion yuan, rising by 36.6% [3][6]. - Ping An Asset experienced declines in both revenue and net profit, with figures of 4.045 billion yuan and 2.451 billion yuan, respectively, down 5.4% and 9.4% [3][6]. Group 2: Asset Management Scale - As of the end of 2023, eight insurance asset management firms had assets under management exceeding one trillion yuan, including Guoshou Asset, Ping An Asset, and Taikang Asset [10]. - Guoshou Asset leads with 6.2 trillion yuan in assets, followed by Ping An Asset with over 5.8 trillion yuan and Taikang Asset with over 4.2 trillion yuan [10][11]. - The median asset management scale among 35 institutions was 326.8 billion yuan, indicating that half of the firms manage less than this amount [11]. Group 3: Market Dynamics - The industry remains characterized by a few dominant players, with a significant disparity in asset management scales among firms [10]. - Despite overall growth, some institutions, such as Zhongying Yili Asset, reported significant declines, highlighting the competitive pressures within the sector [8][9].