76 non -listed property insurance companies scan: In the first half of the year, net profit exceeding more than 6 billion companies underwritten the company's underwriting losses

Recently, non -listed insurance companies have disclosed the solvency report of the second quarter, and the operation of the property insurance company in the first half of this year has been more comprehensively displayed.

The financial data of 76 non -listed property insurance companies statistics from the Securities Times reporter showed that these non -listed property insurance companies achieved net profit of 6.03 billion yuan in the first half of the year, of which 56 companies achieved profitability and 20 companies suffered losses.

Non -listing property insurance is generally profitable

From the perspective of profitability, 56 non -listed property insurance companies in the first half of this year have achieved profit, and 20 non -listed property insurance companies have suffered losses. Among the non -listed property insurance companies that have achieved profit in the first half of the year, 12 companies have a net profit of more than 100 million yuan. Generally speaking, the top five companies in net profit are Guoshou Property & Casualty Insurance, Sunshine Property & Casualty Insurance, Yingdai and Property & Casualty Insurance, Dinghe Property & Casualty Insurance and China United Property & Casualty Insurance.

Among them, the National Life Property & Casualty Insurance achieved net profit of 1.177 billion yuan in the first half of the year, a decline in 1.597 billion yuan in the same period last year, but it still ranked first in the profit list of non -listed property insurance companies. During the same period, the company's premium revenue was 52.53 billion yuan, an increase of 12.4%year -on -year, surpassing the average market growth rate, and ranked first in the size of non -listed property insurance companies. Following the following Sunshine Property Insurance, the net profit achieved net profit of 1.131 billion yuan in the first half of the year, thanks to the optimization of the comprehensive cost ratio and investment yield. The company's net profit performance increased significantly compared with the same period last year.

Obtaining underwriting profits is the cornerstone of the profit company's profit, but good investment income is also important. Statistics show that the average comprehensive cost rate of 12 non -listed property insurance companies with a profit of over 100 million yuan in the first half of the year was 89.90%, of which 10 companies' comprehensive cost rates were below 100%, and the average investment rate of investment was 1.90%, which was better than better than better The industry average.

Among the above 12 profit -making insurance companies with a profit of over 100 million yuan, two are agricultural insurance companies, namely Central Plains Agricultural Insurance and Guoyuan Agricultural Insurance. In the first half of the year, Central Plains Agricultural Insurance and Guoyuan Agricultural Insurance realized premium income of 2.058 billion yuan and 6.978 billion yuan, respectively, and realized net profit of 290 million yuan and 166 million yuan, respectively.

On the whole, this year's property insurance company performed well. According to data from the CBRC before, in the first half of this year, the property insurance company realized the original insurance premium income of 803.4 billion yuan, an increase of 9.41%from the same period in the same period in 2021, which was higher than the 1.75%premium growth rate of 1.75%in the same period last year. Among them, auto insurance premiums were 397.6 billion yuan, an increase of 6.2%over 374.4 billion yuan in the same period last year, and the same period last year was 8.28%year -on -year.

46 companies underwritten losses

The comprehensive cost rate is the core data used by insurance companies to calculate operating costs, and it is also the main criterion for measuring the profitability of the production and insurance industry.

The comprehensive cost rate includes various expenditures such as the company's operations and compensation, which consists of expense ratios and compensation rates. The lower the comprehensive cost, the stronger the profitability of the property insurance company. When the comprehensive cost rate is 100%, it means that the revenue and expenditure are equal.

Judging from the overall situation of the Securities Times reporter, the average comprehensive cost ratio of the remaining 74 non -listed property insurance companies was 108.61%. Of these 74 non -listed property insurance companies, 28 companies have controlled the comprehensive cost rate within 100%, that is, the underwriting profit is positive, and the comprehensive cost ratio of 46 more than 100%. In other words, the premium income of more than half of the industry's property insurance companies failed to include expenditure, and there was a loss in the underwriting business.

Among the 28 non -listed property insurance companies with underwriting profits, it covers property insurance companies with premiums such as State Life Property & Casualty Insurance and Sunshine Property & Casualty Insurance, and there are two agricultural insurance companies and two self -insurance companies. And 11 foreign insurance companies.

The industry Matthew effect is prominent

The stronger the Matthew effect, the stronger, and it also exists in non -listed insurance companies. With the marketization of auto insurance rates and the intensification of non -auto insurance competition, property insurance companies with scale and cost advantages often obtain more market resources.

According to the statistics of the Securities Times reporter, the 20 non -listed property insurance companies in the first half of the year are mostly small and medium -sized institutions, of which 13 companies have premium income in the first half of the year. In the first half of the year, 12 profit -making insurance companies with a profit of over 100 million yuan achieved net profit of 5.559 billion yuan, accounting for 93%of the total net profit of 76 non -listed property insurance companies.

If the scope is extended to a listed property insurance company, this trend will be more obvious. Data show that in the first quarter of 2022, the top ten property insurance companies in net profit reached 105%of the total net profit of 83 property insurance companies; the net profit of human insurance and property insurance was 8.654 billion yuan 55.89%of the total net profit of insurance companies exceeded half of the industry.

It is foreseeable that the future property and insurance market will continue to transform and differentiate. Insurance companies need to continue to strengthen the research and judgment of the market, deeply excavate the stock market, actively expand the incremental market, focus on changes in risks, and promote sustainable high -quality development.

- END -