Taikang Life Insurance Company is a private enterprise, not a state-owned enterprise. It is a wholly-owned subsidiary of Taikang Insurance Group, mainly engaged in life insurance, health insurance, accident insurance and other businesses. Founded on August 22, 1996 and headquartered in Beijing, Taikang Life Insurance Company is a national, joint-stock life insurance company approved by the China Insurance Regulatory Commission.
The predecessor of Taikang Life Insurance Company was Taikang Life Insurance Co., Ltd., which was initiated and established by 16 large and medium-sized state-owned enterprises such as Sinopec, China International Transportation (Group) Corporation, and China Guardian International Auction. The founder, chairman and CEO of Taikang Life Insurance Company is Chen Dongsheng, an entrepreneur with extensive insurance experience and innovative spirit.
Since its establishment, Taikang Life Insurance Company has been adhering to the business philosophy of "customer-centric, innovation-driven", constantly exploring the insurance market, improving service quality and enhancing brand influence. Taikang Life Insurance Co., Ltd. provides customers with a wide range of insurance products, including life insurance, health insurance, accident insurance, investment-linked insurance, annuity insurance, etc., through a comprehensive range of individual insurance, bancassurance, group insurance, sales and brokerage. At the same time, Taikang Life Insurance Company actively embraced the Internet and cooperated with Tencent to launch the insurance platform "WeInsurance", which allows users to directly purchase, inquire and settle claims through WeChat and QQ platforms.
Taikang Life Insurance Company has not only made remarkable achievements in the insurance business, but also achieved diversified development in the fields of asset management, retirement community and health insurance. Taikang Asset Management Co., Ltd., a subsidiary of Taikang Life Insurance Company, has obtained the qualifications of QFII (Qualified Foreign Institutional Investor) and RQFII (RMB Overseas Qualified Institutional Investor), and has been approved to carry out public offering business, and has successively invested in equity projects in the field of infrastructure such as PetroChina West-East Gas Pipeline Project, Beijing-Shanghai High-speed Railway Project, and China Merchants Highway Equity Project. Taikang Pension Insurance Co., Ltd., a subsidiary of Taikang Life Insurance Company, is the first insurance company specializing in pension insurance business in China, and currently operates more than 30 pension communities across the country to provide high-quality medical care services for the elderly. Taikang Property Insurance Co., Ltd., a subsidiary of Taikang Life Insurance Company, is an innovative insurance company focusing on Internet insurance, mainly providing auto insurance, property insurance, liability insurance and other products.
Taikang Life Insurance Company's performance and strength have been recognized and praised at home and abroad. By the end of 2021, Taikang Life Insurance Company achieved an insurance business income of 1,647200 million yuan, a year-on-year increase of 101%；The total assets are nearly 530 billion yuan, the net assets are over 32.9 billion yuan, and the solvency adequacy ratio is 173%. Taikang Life Insurance Company has been listed in the Fortune Global 500 list for six consecutive years, ranking 346th. Taikang Life Insurance Company has also received high ratings from internationally renowned rating agencies such as Fitch, Standard & Poor's, and Moody's.
To sum up, Taikang Life Insurance Company is a private enterprise, not a state-owned enterprise. It is a wholly-owned subsidiary of Taikang Insurance Group, mainly engaged in life insurance, health insurance, accident insurance and other businesses. Since its establishment, Taikang Life Insurance Company has been adhering to the business philosophy of "customer-centric, innovation-driven", constantly exploring the insurance market, improving service quality and enhancing brand influence. Taikang Life Insurance Company has not only made remarkable achievements in the insurance business, but also achieved diversified development in the fields of asset management, retirement community and health insurance. Taikang Life Insurance Company's performance and strength have been recognized and praised at home and abroad.