21世纪经济报道·2025-09-05 09:12Core Viewpoint - Xinhua Insurance has demonstrated strong growth and resilience in the insurance market, achieving significant performance improvements and strategic transformations as it approaches its 29th anniversary [1][2][15]. Financial Performance - In the first half of 2025, Xinhua Insurance reported operating revenue of 700.41 million yuan, a year-on-year increase of 26% [2]. - The company's original insurance premium income exceeded 1,212.62 million yuan, reflecting a substantial growth of 22.7% [2]. - New business value reached 618.2 million yuan, up 58.4% year-on-year, while the embedded value increased to 2,793.94 million yuan, an 8.1% rise from the previous year [2]. - Net profit attributable to shareholders was 147.99 million yuan, marking a 33.5% increase, with a return on equity (ROE) of 15.9%, up nearly 5 percentage points [2]. Asset and Solvency - As of June 30, 2025, Xinhua Insurance's total assets reached 1.78 trillion yuan, a 5% increase from the previous year [3]. - The core solvency ratio stood at 170.72%, up 46.65 percentage points, while the comprehensive solvency ratio was 256.01%, rising 38.46 percentage points, significantly exceeding regulatory requirements [3]. Strategic Initiatives - The "XIN Generation" plan was launched to transform the individual insurance channel, focusing on five upgrades to enhance the marketing team [4][6]. - The individual insurance channel achieved a first-year premium of 145.06 million yuan, a remarkable increase of 70.8% year-on-year [6]. - The number of individual insurance agents reached 133,000, with a monthly performance rate stabilizing at 13.3% and a 74% increase in per capita productivity [6]. Service Ecosystem - Xinhua Insurance has developed a comprehensive service ecosystem covering ten areas, including health management and wealth transfer, to meet diverse customer needs [7][9]. - The "Xinhua Respect" service system targets high-net-worth clients, while "Xinhua Safe" focuses on home-based elderly care [9]. - The company has established a health management service network, expanding to 40 international hospitals for comprehensive health management [9]. Investment Strategy - Xinhua Insurance emphasizes asset-liability matching, optimizing product strategies and asset structures to control costs and enhance returns [13]. - The investment scale exceeded 1.7 trillion yuan, with a 5.1% increase, achieving an annual total investment return rate of 5.9% [13][14]. - The company has established pilot funds with a cumulative scale of nearly 100 billion yuan, focusing on quality listed companies in the secondary market [14]. Future Outlook - As Xinhua Insurance approaches its 30th anniversary, it aims to enhance its core competitiveness through strategic reforms, customer-centric approaches, and robust operational management [15].