Operator Finance Network Ding Qingyan text.
With the disclosure of Hyundai P&C Insurance's solvency report for the fourth quarter of 2023, the company's operating problems have been exposed again, and its performance is showing a long-term mismatch between insurance business income and net profit, and it has been a net profit loss for three consecutive years. At present, the company's incumbent audit person is Zhao Haiyan, and next, the operator finance tries to reveal his professional resume.
Zhao Haiyan, born in 1987, is 37 years old this year, has a bachelor's degree, graduated from Beijing Jiaotong University with a bachelor's degree in accounting, and holds the qualifications of intermediate accountant and international certified internal auditor.
After studying accounting, she did not go to the development of the insurance industry at first, but first worked in an accounting firm, worked in Baker Tilly International Accounting Firm, and then jumped to Zhonghe Rural Credit Project Management and other work units.
Zhao Haiyan is currently the person in charge of the audit of Hyundai P&C Insurance, but her branch has been fined for inflating expenses. On January 6, 2023, Hyundai Property & Casualty Insurance Qingdao Branch was fined 250,000 yuan by the Qingdao Banking and Insurance Regulatory Bureau for violating laws and regulations by falsely listing business and management fees and failing to strictly implement approved or filed insurance rates, and Huang Lei, an employee of the company, was warned and fined 30,000 yuan for the above violations of laws and regulations.
At the same time, with the disclosure of Hyundai P&C Insurance's solvency report for the fourth quarter of 2023, the company's operating problems have been exposed again, and it has suffered a net profit loss for three consecutive years. From 2021 to 2023, Hyundai P&C Insurance will achieve insurance business income of 53.6 billion yuan, 6700 million yuan, 7$9.8 billion; On the other side, the net profit was a loss of 14.1 billion yuan, 06.1 billion yuan, 10.7 billion yuan.
From the financial data, it can be seen that the performance of modern property insurance is showing the embarrassment of long-term mismatch between insurance business income and net profit: on the one hand, the insurance business income continues to grow steadily, and on the other hand, the net profit is losing year after year.