On the evening of May 17, Xinhua Insurance released an announcement disclosing the premium data from January to April 2024. From January to April, the company focused on value growth and structural optimization, and accumulated original insurance premium income of more than 67.2 billion yuan. In particular, it achieved a good development trend in the core business of personal insurance channels, excellent human resources and per capita production capacity, and worked hard to promote high-quality development to a new level.

It is reported that since 2024, the Party Committee of Xinhua Insurance has launched a series of reform and development measures to make it more market-oriented and professional, adhere to the customer-centric, adhere to the high-quality and connotative development path of highlighting value and optimizing structure, and work from both the asset side and the liability side. The value transformation and upgrading have achieved initial results. On the debt side, we will continue to enrich product supply, comprehensively improve the competitiveness of products, launch the "Xinhua Zun" high passenger service system, and prepare to launch the "New Hua'an" home-based elderly care service system; Accelerate the construction of learning and service enabling organizations, and promote the scale and vertical growth of high performing personnel based on the interests of high-quality teams. The asset side accurately grasped the investment opportunity and achieved an annualized total investment return of 4.6% and an annualized comprehensive investment return of 6.7% in the first quarter. In particular, the company attaches great importance to talent introduction, education, selection and retention. For example, recently, the company is publicly recruiting the main heads of provincial branches and the head of sales channels, and regards talent as the "first resource" for high-quality development.

According to the performance report of Xinhua Insurance for the first quarter, the company's total assets exceeded 1.4 trillion yuan, the investment assets exceeded 1.3 trillion yuan, and the net profit attributable to the shareholders of the parent company was 4.9 billion yuan. The regular premium income for the first year of ten years and above increased by 83.9% year on year. The business quality was improved and the solvency was adequate. In addition, in the recent report of the Top 500 Chinese Brand Values in 2024 released by Brand Finance, Xinhua Insurance has entered the top 100 for 12 consecutive years, ranking 84th, up 6 places from last year, and the brand value has risen 5.5% year on year, rising against the trend in the fierce market competition, highlighting the brand's resilience and vitality.

Source Xinhua Insurance

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Second instance Shuai Zonglin

Third instance Chen Qianxi