Source: World Wide Web
[Global Network Financial News]Recently, the China Banking and Insurance Regulatory Commission announced the operation data of the insurance industry in the first four months of this year. In the first four months, the original insurance premium income of the insurance industry was about 2 trillion yuan, a year-on-year increase of 4.47%; the insurance amount increased by 40.76%. Compensation expenses were 552 billion yuan, a year-on-year increase of 8.03%.
Specifically, from January to April, the property insurance business achieved a total of 420.4 billion yuan in original premium income; the life insurance business achieved a total of 1.68 trillion yuan in original premium income, of which life insurance business, health insurance business, and personal accident insurance business accumulated respectively. The original premium income was 1.25 trillion yuan, 388.7 billion yuan and 40.6 billion yuan.
There are seven places with premium income of more than 100 billion yuan, namely Jiangsu, Guangdong, Shandong, Zhejiang, Henan, Beijing and Sichuan. Among them, the region with the largest original insurance premium income is Jiangsu, which is 202.3 billion yuan.
From the perspective of the company, from January to April, the original premium income of property insurance companies was 534.7 billion yuan. On a comparable basis, the industry aggregated original premium income increased by 9.11% year-on-year, the insurance amount increased by 46.83%, and the indemnity expenditure increased by 4.24%.
Among them, the top three types of insurance premiums are motor vehicle insurance, health insurance, and liability insurance, with original premium income of 260.4 billion yuan, 93 billion yuan, and 44.4 billion yuan respectively.
It is worth mentioning that although the motor vehicle insurance premium income from January to April increased by 4.8% year-on-year, the premium of this type of insurance in a single month in April fell by 4.2% year-on-year, ending the 6-month growth trend. According to data from the China Automobile Association, in April 2022, automobile production and sales reached 1.205 million and 1.181 million respectively, down 46.2% and 47.1% month-on-month and 46.1% and 47.6% year-on-year.
From January to April, the original premium income of life insurance companies was 1.56 trillion yuan. On a comparable basis, the industry aggregated original premium income increased by 2.97% year-on-year, the insurance amount increased by 5.05%, and the compensation expenditure increased by 11.91%. Among them, the original premium income of health insurance and accident insurance business was 295.6 billion yuan and 19.3 billion yuan respectively.
In addition, the allocation ratio of insurance capital to bonds has increased. As of the end of April, the balance of insurance funds used reached 23.63 trillion yuan, a year-on-year increase of 4.46%, of which bank deposits were 2.79 trillion yuan, bonds were 9.41 trillion yuan, and stocks and securities investment funds were 2.81 trillion yuan.
The total assets of the insurance industry reached 25.78 trillion yuan, and the net assets were 2.75 trillion yuan, up 5.84% and 0.66% year-on-year respectively.
In terms of insurance capital allocation, the allocation ratio to bonds is close to 40%, hitting a new high.Return to Sohu, see more
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