On March 12th, property and casualty insurance companies achieved good business performance in 2024, with an expanding profit margin. According to the analysis, a total of 75 non listed property and casualty insurance companies have disclosed their solvency reports for the fourth quarter of 2024. Among the 74 property and casualty insurance companies with comparable data (excluding Shenneng Property and Casualty Insurance), a total of 438 billion yuan in premium income was achieved, a year-on-year increase of 5.9%; The total net profit reached 7.612 billion yuan, a year-on-year increase of 52.6%. The improvement in the profitability of property insurance companies is due to both investment and underwriting contributions. In addition, the property and casualty insurance industry is closely related to the real economy. With the expected good economic environment this year, the industry continues to be optimistic about the operating performance of property and casualty insurance companies in 2025. (Securities Times)
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