On February 7th, the State Administration for Financial Regulation recently disclosed the operating situation of the insurance industry in 2024. Data shows that in 2024, the insurance industry achieved a total of 5.7 trillion yuan in original insurance premium income and 2.3 trillion yuan in original insurance compensation expenses. Calculated on a comparable basis, they increased by 5.7% and 19.4% respectively compared to the previous year. At the same time, the total assets of the insurance industry continued to grow. As of the end of 2024, the total assets of the insurance industry were 35.91 trillion yuan, an increase of 19.86% compared to the end of 2023; Net assets amounted to 3.32 trillion yuan, an increase of 21.57% from the end of 2023. Looking ahead, industry insiders believe that driven by factors such as the integration of reporting and banking, dynamic adjustment of predetermined interest rates, and strong demand for insurance, the cost of insurance industry debt is expected to continue to optimize, and the debt side is expected to continue to grow steadily. At the same time, with the entry of medium and long-term funds into the market and the recovery of the equity market, the investment side of the insurance industry is also expected to improve. (China Securities Journal)
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