The annual loss of non-listed life insurance companies was 100 million, and profits fell again. In this difficult period, Taikang Life Insurance ranked first with a net profit of 100 million yuan, and ranked first in terms of comprehensive investment return and ROE. Among the life insurance companies, a total of them made a profit, and one fell into a loss, one of them lost more than 100 million yuan, and some even lost more than 100 million yuan. In the face of such a dilemma, we need to pay attention to the reasons for the continued pressure on the asset side and the industry's efforts to strengthen asset and liability management.
In retrospect, the pressure on the asset side of non-listed life insurers has been increasing, resulting in overall losses. There is a major reason behind this, which is worth noting that the investment income of the previous year has a floating loss, which may need to be impaired this year; The bond interest rate pivot has shifted downward, the allocation of fixed income assets has been under pressure, and the capital market has continued to be low**, and the investment income is less than expected; Finally, cost pressures on the liability side are rising, and claims expenses are growing rapidly, far outpacing premium growth.
Still, we don't have to worry too much. With the introduction of a series of regulatory measures and the improvement of the quality of industry debt, coupled with the annual comprehensive investment return rate higher than the same period last year, we have reason to believe that the difficult days will pass. In this process, Taikang Life Insurance still maintains a strong competitiveness, with a net profit of 100 million yuan, ranking first in the profit list of non-listed life insurance companies.
In addition, we can see some positive changes. For example, Zhongyi Life Insurance ranked with stable investment in the past two years; Li'an Life Insurance, Aixin Life Insurance and other companies have successfully turned losses into profits. These examples show that in a complex market environment, it is possible to achieve steady development as long as we adhere to strategic focus.
Non-listed life insurers face serious challenges, but there are also some positive signs. We should focus on the reform measures of asset and liability management, as well as the transformation results of some companies in the industry. At the same time, we also expect more insurers to achieve better results in the future.