Core Insights - The report reveals the current state and trends of the insurance asset management industry in China, highlighting the performance and characteristics of 34 insurance asset management companies as of the end of 2024 [1] Group 1: Industry Overview - As of the end of 2024, there are 35 insurance asset management companies in China, with 10 companies managing assets over 900 billion yuan [2] - The total asset management scale of the 34 companies reached 33.30 trillion yuan, reflecting a year-on-year growth of 10.60% [3] Group 2: Asset Management Structure - The asset management structure remains diversified, with 70.56% of the managed funds being insurance funds, while 5.95% are third-party insurance funds [3] - The companies manage approximately 7.8 trillion yuan in external funds, including 3.96 trillion yuan from banks and 2.93 trillion yuan from pensions [3] Group 3: Revenue and Performance - The total revenue of the 34 companies in 2024 was 31.83 billion yuan, with a year-on-year growth rate of 7.31% [4] - The unit revenue has been declining for four consecutive years, with the average management fee rate dropping to 10.29 basis points [4][6] Group 4: Business Segment Analysis - The specialized account business generated 18.21 billion yuan in revenue, accounting for 57.45% of total revenue, with a growth rate of 19.21% [5] - The debt investment plan saw a revenue decline of 16.82%, while the equity investment plan grew by 9.99% [5] Group 5: Workforce and Productivity - The total number of employees in the 34 companies reached 7,631, marking a growth of 132 employees or 1.76% year-on-year [7] - The average management scale per employee was 4.36 billion yuan, with an average revenue per employee of 4.17 million yuan, both showing positive growth trends [7]

Core Insights - The report reveals the overall development of 34 insurance asset management companies in China, highlighting their management scale, performance, and workforce situation [1] Group 1: Management Scale - As of the end of 2024, there are 35 insurance asset management companies in China, with 10 companies managing over 900 billion yuan [2] - The total managed asset scale of the 34 companies reached 33.30 trillion yuan, reflecting a year-on-year growth of 10.60% [3] Group 2: Asset Composition - The asset management structure remains diversified, with 23.50 trillion yuan in insurance funds, accounting for 70.56% of total managed funds, and 1.98 trillion yuan in third-party insurance funds, making up 5.95% [3] - The total amount of external funds managed by insurance asset management companies is approximately 7.8 trillion yuan, with 12 institutions managing over 50% of third-party funds [3] Group 3: Revenue and Performance - In 2024, the total revenue of the 34 insurance asset management companies was 31.83 billion yuan, with a year-on-year growth rate of 7.31% [4] - The unit scale income for the industry was 10.29 basis points, marking a decline of 0.5 basis points from the previous year, continuing a four-year downward trend [4] Group 4: Business Segmentation - The income from specialized account business reached 18.21 billion yuan, with a growth rate of 19.21%, accounting for 57.45% of total revenue [5] - The income from debt investment plans decreased by 16.82% to 3.17 billion yuan, representing 10% of total revenue [5] Group 5: Workforce and Productivity - The total number of employees in the insurance asset management industry reached 7,631, an increase of 132 from the previous year, with a growth rate of 1.76% [7] - The average management scale per employee was 4.364 billion yuan, with an average revenue per employee of 4.1712 million yuan, marking the highest growth rate in four years at 4% [7]

Core Insights - The report reveals the overall development of 34 insurance asset management companies in China, highlighting their operational performance, business trends, and workforce situation [1] Management Scale - As of the end of 2024, there are 35 insurance asset management companies in China, with 10 companies managing over 900 billion yuan [2] - The total asset management scale of these companies reached 33.30 trillion yuan, a year-on-year increase of 10.60% [4] - The structure of managed funds is diversified, with 70.56% being insurance funds and 5.95% third-party insurance funds [4] Third-Party Funds - 25 out of 34 companies manage third-party funds, with 12 companies having over 50% of their managed funds from third parties [6] Revenue and Performance - The total revenue of the 34 companies reached 31.83 billion yuan in 2024, with a year-on-year growth rate of 7.31% [7] - The unit revenue per scale decreased to 10.29 basis points, marking a continuous decline for four years [7] Business Segmentation - In 2024, the income from specialized accounts reached 18.21 billion yuan, with a growth rate of 19.21%, accounting for 57.45% of total income [9] - The income from debt investment plans decreased by 16.82%, while income from equity investment plans grew by 9.99% [9] Workforce and Productivity - The total number of employees in the insurance asset management industry reached 7,631, with a year-on-year increase of 132 [11] - The average management scale per employee was 4.364 billion yuan, showing a recovery in growth rate compared to the previous year [13]