Home » New China Insurance’s total investment income in 2021 exceeds 57.6 billion yuan, a year-on-year increase of 23.5%_Assets_Risk Management_Report

New China Insurance’s total investment income in 2021 exceeds 57.6 billion yuan, a year-on-year increase of 23.5%_Assets_Risk Management_Report

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Original title: New China Insurance’s total investment income in 2021 exceeds 57.6 billion yuan, a year-on-year increase of 23.5%

On March 29, New China Insurance released its 2021 annual performance report. The report shows that in 2021, New China Insurance will achieve a total investment income of 57.621 billion yuan, an increase of 10.957 billion yuan from 2020, a year-on-year increase of 23.5%. Li Quan, Secretary of the Party Committee, Chief Executive Officer and President of New China Insurance, said: “The investment income has been exceeded, and the total investment rate of return for the year was 5.9%, an increase of 0.4 percentage points year-on-year.”

According to the report, in 2021, New China Insurance adheres to the development strategy of two-wheel drive of assets and liabilities, and has achieved operating results in which the scale of assets exceeds one trillion yuan, and the level of operating income and profit grows steadily. Among them, the total premium income reached 163.470 billion yuan, a year-on-year increase of 2.5%; the net profit was 14.947 billion yuan, a year-on-year increase of 4.6%; the asset scale reached 1,127.721 billion yuan, an increase of 12.3% from the end of the previous year; Year-end growth was 7.6%.

In terms of asset management, New China Insurance adheres to the investment philosophy of “stable, long-term and value”, under the guidance of strategic asset allocation, flexibly adjusts tactical asset allocation, takes into account investment returns and risk management and control, actively seizes market opportunities, and faces “asset shortage” and “” Low interest rate” investment environment, continued to control investment risks, adhere to investment discipline, dare to strive for innovation, and achieved good investment returns throughout the year.

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According to the report, Xinhua Insurance’s debt investment amounted to 577.214 billion yuan, and it continued to allocate long-term local bonds, government bonds and other interest-rate bonds, while flexibly grasping the trading opportunities of bonds and operating in bands. In addition, in the allocation of financial products, we will continue to focus on the absolute return target, adopt a combination of online and offline research, continuously improve the ability to prevent and resolve credit risks, and select opportunities to allocate high-quality assets under the premise of controllable risks. Equity investment amounted to RMB 257.436 billion, adhered to the value investment and long-term investment philosophy, selected industries and individual stocks from the bottom up, actively seized structural opportunities, laid out high-quality tracks, and achieved good returns. In addition, in terms of Hong Kong stocks, it adheres to the strategy of high dividends, continues to tap the value depression in the Hong Kong stock market, and increases allocation efforts at appropriate times.

The report shows that the net investment income of New China Insurance in 2021 will reach 41.854 billion yuan, an increase of 2.572 billion yuan compared with 2020, a year-on-year increase of 6.5%. As of the end of 2021, the investment in non-standard assets of New China Insurance was 221.906 billion yuan, accounting for 20.5% of the total investment assets, a decrease of 3.6 percentage points from the end of the previous year. In 2021, the company’s non-standard project investment will take into account investment returns and risk control, strict project access, and refined post-investment management. Currently, the overall quality of non-standard assets is good, and the risks are controllable. The financing entities are basically industry leaders and large financial institutions. And have good credit enhancement measures.

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(Special Feature | Written by Ma Xueli)Return to Sohu, see more

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