13个精算师·2025-08-20 11:03Core Viewpoint - The 2024 global insurance companies' weighted ROE reached 14.7%, marking a five-year high, with significant improvements in Chinese listed companies [1][11][15]. Group 1: Global Insurance Companies' Performance - The 2024 ROE for 41 major global listed insurance companies was calculated, with a notable increase in China's ROE to 16.2%, up by 6.7 percentage points year-on-year [1][15]. - The highest ROE among Chinese listed companies was achieved by Xinhua Insurance at 25.9%, while the highest globally was recorded by Progressive Insurance at 35.5% [1][8][24]. - The average ROE for the US market was 14.6%, down by 2.1 percentage points, while Europe saw an increase to 16.4%, up by 2.0 percentage points [1][15]. Group 2: Distribution of ROE - The distribution of ROE among the 41 companies showed a normal distribution pattern, with most companies falling within the 10% to 25% range [22]. - There were two companies with ROE exceeding 30%, while four companies had ROE below 5%, indicating a disparity in performance [22]. Group 3: Profitability Rankings - Berkshire Hathaway led the profitability rankings with a net profit of $89 billion in 2024, followed by China Ping An with $17.61 billion and China Life with $14.88 billion [17][19]. - The profitability of the listed insurance companies was significantly impacted by the implementation of IFRS 9 and IFRS 17, enhancing the comparability of key operational indicators [5][10].