On February 11th, as the solvency reports of insurance companies for the fourth quarter of last year are released, the performance of non listed life insurance companies that have attracted much attention in 2024 is gradually becoming clearer. According to statistics, as of February 10th, the 60 non listed life insurance companies that have disclosed their latest solvency reports have achieved a total insurance business revenue of 1.13 trillion yuan, a year-on-year increase of 12.2%. Among them, except for Xintai Life Insurance which did not disclose its net profit, the remaining 59 non listed life insurance companies that have disclosed their net profit achieved a total net profit of 24.691 billion yuan. Compared with the overall loss of over 10 billion yuan of non listed life insurance companies in 2023, the operating situation in 2024 has undergone a major reversal. According to interviewed experts, the increase in net profit of insurance companies in 2024 is mainly influenced by factors such as the rebound in investment returns, the decrease in underwriting costs, and steady business growth. (Securities Daily)
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