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People's Insurance Group Co., LTD
unfoldTwo entries with the same name
The People's Insurance Group Company of China (PICC) is a comprehensive insurance (financial) company, one of the world's top 500 companies, and the largest insurance company in the world. With a registered capital of 30.6 billion yuan, it is a very strong company in the global insurance industry.
corporation
Logo in English
PICC
. At present, it owns PICC property insurance, PICC assets, PICC Health, PICC life insurance, PICC Investment control, PICC capital, PICC
Hong Kong
More than ten professional subsidiaries, such as Zhongsheng International, Zhongyuan Brokerage, Zhongyuan Brokerage and PICC Property. The first chairman and president after the share reform
Wu Yan
. "
wealth
Ranked 208th in the World's top 500 in 2014.
On March 26, 2024, the People's Insurance Group of China announced that the total operating income in 2023 was 553.467 billion yuan, compared with 620.859 billion yuan in the same period of last year. Net profit reached 30.811 billion yuan, net profit returned to the mother 22.322 billion yuan; Annual total investment return rate of 3.3%; The annual income from insurance services reached 503.9 billion yuan.
[3]
- Company name
- People's Insurance Group Co., LTD
- Foreign name
- THE PEOPLE’S INSURANCE COMPANY (GROUP) OF CHINA LIMITED
- Establishment time
- October 20, 1949
- Headquarters location
- 69 Dongheyan Road, Xuanwu District, Beijing
- Business scope
- Property insurance, life insurance, Asset management
- Company slogan
- People's insurance, serving the people
- Annual turnover
- 553.467 billion yuan (2023)
- Number of employees
- 177,243 people (2012)
- Nature of company
- State holding
- Chinese abbreviation
- Picc Group of China
- English abbreviation
- PICC Group
catalogue
- 1Group profile
- 2Historical evolution
- 3Subsidiary company
- 4Corporate advantage
- ▪Brand advantage
- ▪Market advantage
- ▪Talent advantage
- ▪Product advantage
- ▪Technological advantage
- ▪Network advantage
- ▪Customer advantage
- ▪Service advantage
- 5Business case
picc Building, Beijing
The People's Insurance Group of China Limited is a comprehensive insurance company.
finance
Company, registered capital 30.6 billion yuan. Its predecessor was October 20, 1949
Government Administration Council of the People's Republic of China
approved
The People's Insurance Company of China
.
At present, the company owns PICC property insurance, PICC assets, PICC health insurance, PICC
Life insurance
Picc Investment, Huawen Holdings, PICC Capital, PICC
Hong Kong
More than 10 professional subsidiaries, such as Zhongsheng International, Zhongyuan Brokerage, Zhongyuan Brokerage and PICC Property, PICC also holds 32.35% of the equity of Zhongxin Trust. Business scope covers property insurance, life insurance, health insurance, asset management, insurance brokerage, trust,
foundation
Other areas, formed insurance
Financial industry
Cluster, has a deep influence at home and abroad.
China
Picc has a good social image and business reputation, with a strong comprehensive strength, in the long-term development process has accumulated rich resources, formed a variety of advantages.
Financial institution
Overseas listed "first share". 2008 PICC property insurance
premium
It exceeded 100 billion yuan
gate
It has become the first non-life insurance company in China with annual premiums exceeding 100 billion yuan. Picc has successively become
2008 Beijing Olympic Games
Selected sole partner of the insurance industry in China,
2010 Shanghai World Expo
The world's only insurance partner and
2010 Asian Games in Guangzhou
Insurance Partners.
Picc Brand ranked 34th in the 2010 Top 500 Chinese Brands list compiled by World Brand Value Lab, with a brand value of 31.533 billion yuan.
[2]
60 years of life together, 60 years of love guard. As a large state-owned backbone
Financial enterprise
Picc actively implements the guarantee
economy
The responsibility of stabilizing the society and serving the people has an innate sense of social responsibility. In 2008, in the face of the continuous occurrence of major natural disasters in China, PICC fully invested in disaster compensation, actively carried out rescue and relief, and paid 5.3 billion yuan in snow and earthquake compensation, accounting for more than 60% of the disaster compensation of the whole industry. Since the Tenth Five-Year Plan, the PICC has spent nearly 300 billion yuan on compensation claims, and in 2008, it assumed 99.7 trillion yuan of insurance liabilities, the highest in the country that year
Gross domestic product
3.3 times.
On October 20, 1949, the People's Insurance Company of China was established
Peking
The establishment marks a new page in China's insurance industry.
In October 1979, the Central Government issued the Notice on the Resumption of Domestic Insurance Business and the Strengthening of Insurance Institutions, and the domestic business of the People's Insurance Company of China was fully restored, and institutions at all levels were quickly established.
In 1982, PICC resumed the business of life insurance.
In 1986, Nanchang Insurance School, the only professional insurance school in China, was established.
On July 23, 1996, the People's Insurance Company of China was reorganized into the People's Insurance (Group) Company of China, which consists of PICC Property Insurance Company Limited, PICC Life Insurance Company Limited and PICC
Reinsurance company
.
On October 7, 1998,
The State Council
Issued a document, abolished the China Insurance Group, the three subsidiaries were renamed the People's Insurance Company of China,
China Life Insurance Company
China Reinsurance Corporation.
On January 18, 1999, PICC Property Insurance Co., Ltd. inherited the PICC brand and changed its name to the People's Insurance Company of China.
The People's Insurance Company of China, 23 May 2002
New York
The opening ceremony of the representative office was held in New York, USA. This is PICC's second overseas branch after the London representative office.
19 July 2003, Rev.
The State Council
批准，中国人民保险公司重组后更名为中国人保控股公司，并同时发起设立了中国内地最大的非寿险公司－－中国人民财产保险股份有限公司和首家保险资产管理公司－－中国人保资产管理有限公司。
On November 6, 2003, CIC was officially listed in Hong Kong as the first share of mainland financial institutions listed overseas - China Property Insurance (listing code 2328), which successfully opened the mainland's financial industry into overseas
Capital market
The prologue.
In 2005, People's Health Insurance Company of China Limited (PICC Health), PICC Life Insurance Company of China Limited (PICC Life Insurance),
China Yuan Insurance Brokers Limited
(referred to as Zhongyuan Brokerage), Zhongsheng International Insurance Brokerage Co., LTD. (referred to as Zhongsheng International) and other four subsidiaries successfully opened.
On June 26, 2007, PICC Holding Company officially changed its name
The People's Insurance Group Company of China
.
On September 24, 2009, the People's Insurance Group Company of China held a founding meeting, which was obtained on the 27th
China Insurance Regulatory Commission
On the overall restructuring, the approval of the articles of association and other matters, 28 obtained
State Administration for Industry and Commerce
The Notice of Approval for Registration of Change issued a new business license for the People's Insurance Group Co., LTD., which marked the official birth of the People's Insurance Group Co., LTD.
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Company name
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introduce
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remark
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Picc (People's Insurance Company of China) Limited
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Picc (People's Insurance Company of China) Limited
Its predecessor was published on October 20, 1949
People's Bank of China
The People's Insurance Company of China approved by the Financial and Economic Committee of the Government Administration Council.
PICC property insurance is the flagship business of the People's Insurance Group Company of China (PICC). On November 6, 2003, the company was
Hong Kong Stock Exchange
With comprehensive strength, the company has successively become the Beijing 2008 Olympic Games, 2010
Shanghai World Expo
Insurance partner to provide comprehensive insurance protection services for the Beijing Olympic Games and Shanghai World Expo. In 2008, the company's premiums exceeded 100 billion yuan, achieving a historic leap, ranking 10th in the non-life insurance business of listed insurance companies in the world.
In the course of more than 60 years of excellence, PICC's mission is "people's insurance, serving the people", adhering to the business philosophy of "people-oriented, honest service, value first, sustainable management", carrying forward the enterprise spirit of "truth-seeking, integrity, hard work, innovation", adhering to the market-oriented, customer-centric, and actively fulfilling the outstanding corporate citizenship responsibilities. It provides a strong insurance guarantee for promoting reform, safeguarding the economy, stabilizing the society and benefiting the people.
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Picc Asset Management Company Limited
|
Picc Asset Management Co., LTD. (hereinafter referred to as "PICC Asset") was established on July 16, 2003, with the consent of The State Council and the approval of the China Insurance Regulatory Commission, which was initiated by the former PICC Holding Company in China
Insurance asset management company
. At present, the registered capital of PICC assets is 800 million yuan, the capital under management is more than 200 billion yuan, and the shareholders are the People's Insurance Group Company of China Limited and Germany
Munich Re Asset Management
. Since its establishment, PICC has always adhered to the business philosophy of "integrity casts brand, professionalism creates value", and implemented professional, standardized and market-oriented scientific operation. After more than 6 years of efforts, the company has overcome the difficulties such as the absence of domestic precedents to follow, made a lot of exploration in the field of professional operation of insurance funds, gradually established a professional operation and management model suitable for the characteristics of various funds, and cultivated a team of professionals with a reasonable age structure and rich experience in investment management. Accumulated rich experience in the management of property insurance, life insurance, health insurance, enterprise annuity, insurance brokerage, investment and financial products, non-insurance funds and other types of funds.
At present, PICC Assets has the most complete investment channels and investment qualifications in the field of asset management. Among them, the company is a special member of China Bond Yield Curve and debt valuation.
Bank of China
The executive director of the Inter-market Dealers Association, and has become the outstanding trading member of the national inter-bank market for years, the top 100 trading volume, the top 100 active trading, and has been awarded for years
National debt
Underwriting syndicate membership. At the same time, the company was the first institution to become the domestic trustee of Hong Kong stock investment, the first batch of insurance industry infrastructure project investment pilot units, the first batch of insurance industry to obtain the qualification of interest rate swap trading pilot units, the first batch of insurance industry to obtain the qualification of short-term financing securities underwriting units, and the first batch of Shanghai Stock exchange
Fixed income securities integrated electronic platform
The insurance institution qualified as a primary dealer, one of the first insurance asset management companies to obtain third-party foreign exchange fund entrustment and the first to be authorized to invest in unsecured bonds.
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Picc Asset Management Company Limited
|
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People's Health Insurance Co., LTD
|
People's Health Insurance Co., LTD
(hereinafter referred to as "PICC Health") is the first professional health insurance company approved by The State Council and approved by the China Insurance Regulatory Commission, which is jointly established by PICC People's Insurance Group Company of China
Europe
The largest commercial health insurance company
DKV German Health Insurance AG
And other well-known domestic enterprises initiated the establishment of modern joint-stock insurance enterprises. The company fully relies on PICC's brand and resource advantages, draws on international advanced technology, integrates external social resources, and is committed to becoming the leader of China's professional health insurance market, and builds PICC into a large-scale professional health insurance company with advanced concepts, scientific system, leading technology and extensive influence.
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Picc Life Insurance Co., LTD
|
Picc Life Insurance Co., LTD
(referred to as "PICC Life Insurance"), is approved by The State Council,
China Insurance Regulatory Commission
Approved as a national life insurance company mainly initiated by the People's Insurance Group Company of China. Headquartered in Beijing, the company has a registered capital of 15.133 billion yuan. Mainly engaged in life insurance, health insurance, accident insurance, life reinsurance and
Investment business
.
On October 20, 1949, with the approval of the central government, the People's Insurance Company of China was formally established, thus creating the insurance industry of New China, including life insurance. In November 2005, PICC fully resumed its life insurance business after a long period of separation. Picc is the Chinese public's first association of insurance, is the Chinese insurance industry in the international outstanding brand image representative, the 2008 Beijing Olympic Games is the only domestic insurance partner, the 2010 Shanghai World Expo global insurance partner and the 2010 Guangzhou Asian Games insurance partner. Picc Life Insurance Chairman Wu Yan, president
Li Liang
Both Wen and Wen were selected as "Top Ten People of the Year in China Insurance in 2008", and the company was elected as "Best Design and Innovation Team" in the selection of financial products of the second "Jinbei Award" in 2008. In the large-scale selection of "60 Years since the Founding of New China - 60 Brands that promote China's economy and affect people's Lives" organized by CCTV and other central media on August 18, 2009, PICC Life Insurance was named "60 Outstanding Brands in the 60th anniversary of New China", becoming the only elected enterprise in the insurance industry. At the same time, the company won the titles of "Top Ten Most Trusted Insurance Companies in China in 2009", "the Most growth insurance brand in 2009", "the most potential insurance Company in 2009", PICC Life Insurance
Gold Ding wealth and prosperity insurance
It won the title of "Ten Best financial Products in China in 2009".
The company has a strong capital background, the state-owned holding ratio reaches 80%, and the strength is strong.
Solvency adequacy ratio
232%, yes
Insurance market
The solvency of one of the best life insurance companies, the total assets of nearly 100 billion yuan. The company has a sound distribution channel and service network, has been in 32 provinces and cities
municipality
255 cities, 1,314 counties and urban areas, more than 60,000 bank outlets with sales service institutions and agent sales network. In 2009, the company's premium income was 53.1 billion yuan, continuing to maintain the sixth place in the industry, with a year-on-year growth of 82%, ranking first in the growth rate among large and medium-sized insurance companies, and it is the life insurance company with the fastest business development and the best growth in the market in recent years.
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Picc Investment Holding Company Limited
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Picc Investment Holding Company Limited
PICC Investment Holding Co., Ltd. (PICC Investment Holding Co., Ltd.) is an investment company wholly owned by the People's Insurance Group Company of China in August 2007, approved by the Ministry of Finance and the China Insurance Regulatory Commission. Picc is the non-insurance financial asset management platform of PICC Group. In recent years, relying on the strong brand and resource advantages of PICC, PICC has achieved rapid and steady expansion.
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Picc Investment Holding Company Limited
|
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Picc Capital Investment Management Co. LTD
|
Picc Capital Investment Management Co., LTD. (hereinafter referred to as "the Company" or "PICC Capital"), formerly known as PICC Financial Holding Investment Co., LTD. (hereinafter referred to as "PICC Financial Holding"), is a professional operating platform under PICC Group that specializes in direct equity investment, debt investment and other non-transaction businesses for insurance and non-insurance funds inside and outside the system. Picc Group
Wu Yan
In his speech at the 2009 work conference of the Group company, the President made special instructions and positioning for the platform of PICC Financial Control (PICC Capital) : "This year, we should also pay attention to grasp the favorable opportunity of the state to encourage insurance companies to carry out debt and equity investment, use the PICC capital (PICC capital) platform, strengthen the construction of investment teams, and carry out in-depth research on debt and equity investment.
Environmental protection
Focus on research in areas with good development prospects, and strive to achieve new breakthroughs in debt and equity investment." On March 4, 2008, PICC Investment Holding Co., LTD. (hereinafter referred to as "PICC") exclusively initiated the establishment of PICC Financial Holding with a capital contribution of 100 million yuan and held 100% of its shares. In order to better carry out innovative businesses such as equity investment and debt investment, establish an operation mode that is more in line with regulatory requirements, fully integrate the internal resources of PICC Group and utilize the brand influence of PICC Group to make the business definition clearer, on December 22, 2008, Picc Group Party Committee decided to use PICC as a professional operation platform for insurance and non-insurance funds to carry out equity investment, debt investment and other non-securities trading business, and decided that PICC Asset Management Co., LTD. (hereinafter referred to as "PICC Asset") to transfer 55% of the shares held by PICC Investment Holding, and the changed equity structure is as follows: Picc Assets and PICC Investment Control hold 55% and 45% respectively.
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Picc Capital Investment Management Co. LTD
|
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People's Insurance of China (Hong Kong) Company Limited
|
People's Insurance of China (Hong Kong) Company Limited
It is an overseas subsidiary of the People's Insurance Group Company of China (hereinafter referred to as "PICC").
For promotion and implementation
International insurance market
In November 2002, PICC successfully acquired the equity of Guangdong Asia Insurance Company Limited in Hong Kong and established the People's Insurance of China (Hong Kong) Company Limited. The company is the first operating institution established by PICC overseas, and the shareholders are respectively PICC and PICC
Asia Insurance (Investment) Company Limited
.
The business scope of the company is general insurance business, including property insurance, cargo transportation insurance,
Travel accident insurance
Home insurance, automobile insurance, ship insurance and all kinds of liability insurance.
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Zhongsheng International Insurance Brokerage Co., LTD
|
Approved by the China Insurance Regulatory Commission and the Ministry of Commerce of the People's Republic of China,
Zhongsheng International Insurance Brokerage Co., LTD
Registered on June 16, 2005, officially established on July 18, the company is headquartered in Beijing. The company is owned by the People's Insurance Group Company of China and
Tokyo Marine Nicho Fire Insurance Co., LTD
The former is the most influential insurance group company in China, and the latter is the largest non-life insurance company in Asia. The total assets of the two shareholders exceed 700 billion yuan, and the business institutions are all over the world.
Company registration
Capital of 50 million yuan, ranked fourth in the national industry.
The company's business scope: to draw up insurance plans for policyholders, select insurers, and go through insurance procedures; Assist the insured or beneficiary in making claims; Reinsurance brokerage business; Provide disaster prevention, loss prevention or risk assessment to clients,
Risk management
Consulting services; Other business approved by CIRC.
At present, the company has more than 80 institutional customers, including
China Minsheng Bank
,
Guangdong Development Bank
,
China Cinda Asset Management Company
,
China CITIC Bank
Beijing Energy Investment Group Company, Inner Mongolia Daihai Power Plant, Jinglong Power Generation Company,
China International Enterprise Cooperation Corporation
China Coal Overseas Development Corporation, Beijing
Dongzhimen
Fast Track Limited,
Gansu (Province)
Provincial highway Company,
Chongqing
Expressway Development Co., LTD.
Tianjin Beijiang Power Plant
Represented by, etc
High-end customer
.
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Man Insurance Brokers LTD
|
Man Insurance Brokers LTD
It was initiated by PICC Holding Company,
Guangdong Yuedian Group Co., LTD
And Hong Kong,
Japan
A number of insurance companies, financial enterprises share, approved by the China Insurance Regulatory Commission to establish a national, comprehensive insurance brokerage institutions. It was officially established on December 8, 2004 and is headquartered in China
Guangzhou
.
Man Insurance Brokers Limited allows in
People's Republic of China
Operating the following businesses in China (except Hong Kong, Macao and Taiwan) : for the purpose of concluding insurance contracts, providing insurance holders with disaster prevention and loss prevention or risk assessment and risk management consulting services; To draw up insurance plans, select insurers and go through insurance procedures for the applicant for the purpose of concluding insurance contracts; Assist the insured or beneficiary to claim compensation from the insurer; Inspection and claim for the insured or beneficiary; Reinsurance brokerage business (arranging domestic and international inbound and outbound business); Other business approved by CIRC.
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China Yuan Insurance Brokers Limited
|
Zhongyuan Insurance Brokerage Co., Ltd. is initiated by PICC Group Corporation of China and established by
Taiping Life Insurance Company Limited
,
High Power Development Limited (Hong Kong)
,
Shanghai Liangyou (Group) Co., LTD
Jointly owned and approved by the China Insurance Regulatory Commission, the company is a national, comprehensive (property insurance, life insurance and reinsurance brokerage) insurance brokerage institution. The company was formally established on June 28, 2005, with a registered capital of 20 million yuan
Pudong district of Shanghai
Suzhou branch has been set up in Zhangjiagang City, Jiangsu Province. Relying on PICC
Financial industry
The group, as well as the good shareholder background of Zhongyuan insurance brokers, has its special advantages in technical talent, resource allocation and information.
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PICC
The brand has a history of 60 years, enjoys a significant reputation in the country, and has a certain influence in the world. Picc Property and Casualty Insurance is the protection and loss communication agent of major shipowners' associations around the world in China, and enjoys a good reputation in the international insurance market. Especially after the company was listed overseas, PICC further became a well-known brand in the domestic and international insurance market and the capital market.
Picc Property and Casualty is the largest non-life insurance company in China, leading the non-life insurance market and leading the development of the non-life insurance market. The company mainly engaged in property insurance,
Accident insurance
And short-term health insurance business, in large commercial risk, government procurement, industrial blanket insurance and other centralized business as well as vehicle insurance, home insurance and other decentralized business in the absolute leading position.
Over the years, PICC has cultivated a large number of outstanding backbone talents, with a large number of experienced management talents and technical talents covering every link of the non-life insurance business chain, and has a staff team that has mastered the core skills of the non-life insurance industry and is dedicated and united.
By the end of 2004, PICC had developed 1,246 insurance clauses for property insurance, of which 567 were main risks and 679 were additional risks. There are 725 national types of insurance and 521 regional types of insurance. At present, the company develops and promotes an average of one new product per day. The company is the first non-life insurance company in China to introduce actuarial technology to develop products, which can provide customers with comprehensive, high-quality and scientifically priced insurance protection services. At the same time, the company has accumulated a large amount of business data, has a solid basis for decision-making analysis, and has a good grasp and understanding of the development law of China's non-life insurance market.
Picc property and casualty Insurance is at the leading level and mature in the domestic non-life insurance industry in the core technical fields of product development, underwriting, claims settlement and reinsurance
Information technology
The platform and perfect customer information resources provide insight and technical support for the company's business development. The company is the first domestic non-life insurance company to introduce actuarial technology to develop products, self-love aerospace, nuclear power plant,
Source of energy
Important insurance business areas such as ocean-going ships, large industrial and commercial enterprises, and government procurement have domestic leading technical advantages, and can improve the comprehensive and high-quality insurance protection services for customers.
Picc property insurance has a nationwide network of institutions, including 324 local and municipal underwriting, claims, financial "three centers", more than 4,500 branches, with a variety of marketing channels, formed a strong sales and service network, enough to support the nationwide "insurance and compensation" and "off-site insurance, local claims" and other insurance value-added services.
The company has the largest customer base in the domestic non-life insurance market, established a wide range of stable customer relationships, and has a strong ability to adapt to market changes and meet customer needs of product development and customer service.
The company took the lead in opening 365 days 24-hour service line in the country
95518
It has now spread across 324 cities in China and passed ISO9000
Quality management system certification
To provide customers with fast, excellent, comprehensive and wide consultation, complaints, return visits, rescue, insurance reservations and other multi-functional and personalized services. The company also launched the "gold service project" with the connotation of full process service, to ensure that customer service continues to improve from the three aspects of standardization, efficiency and quality, and continue to maintain the first brand of customer service in the industry.
1. On January 1, 2005, the company was the main underwriter for the property insurance project of the left bank power Station of the Three Gorges Project, with an insurance amount of about 5.3 billion yuan.
2. On January 1, 2005, the company successfully transferred to China National Offshore Oil Corporation
The Bohai Sea
The offshore oil field production insurance project, with a total insured amount of 1.3 billion US dollars, makes our company in the Bohai Sea
Oil and gas field
Maintain a dominant position in the insurance business.
3. Insured by the company on January 30, 2005
China Petroleum and Chemical Corporation
Property catastrophe insurance projects continued smoothly, and the total insured amount reached more than 120 billion yuan.
4. In January and June 2005, the company was the chief insurer of two LNG carriers built by Shanghai Hudong Zhonghua Shipyard, which were built for the first time in China and were of great significance to China's energy strategy in the new era. The insurance amount of a single ship was 170 million US dollars.
5, March 2005, the company's exclusive underwriting
Fujian (Province)
Mae zhou Bay thermal power Plant enterprise property insurance, the insured amount of 11.742 billion yuan.
6. On March 30, 2005, the Company was the chief underwriter of Fujian liquefied natural gas receiving Station and gas transmission trunk line project
Engineering insurance
Project, insurance amount of about 3.6 billion yuan.
7, April 2005, the company's exclusive underwriting
China Central Television
Construction insurance for the new Taiwan site, the insured amount is 5 billion yuan.
8. In August 2005, the company exclusively insured Shanxi Province
electricity
Enterprise property insurance, the insured amount of 10.07 billion yuan.
9. On October 15, 2005, the Company served as the main underwriter to insure the operation period of the integrated project of Yangzi Petrochemical - BASF Co., LTD., with a total insurance amount of about 2.9 billion US dollars.
10. In November 2005, the company participated in underwriting Guangzhou Metro Line 4 and Line 5 engineering insurance, with a total insured amount of 14 billion yuan, accounting for 33%.
11, December 1, 2005, China Civil Aviation Joint insurance fleet of various types of insurance policies
Yu Chenggong
It will insure 753 large and medium aircraft for Civil Aviation of China with a fleet value of more than $32 billion.
12, December 2, 2005, the company's exclusive underwriting
Kwangtung
Lingao Nuclear Power Station (Phase II) building
Installation works all risks
And freight insurance, of which construction and installation of all insurance coverage of more than 1.8 billion US dollars, freight insurance coverage of about 10 billion yuan.
13. The company insured in December 2005
Guizhou Huangguoshu Tobacco Group Company
Booking freight insurance, the insured amount of more than 10 billion yuan.
14. In December 2005, the company underwrote foreign cargo transportation business of Fujian TPV Group Company, with an annual insurance amount of about 24 billion yuan.
15, the end of 2005, my company successfully continued
China Cosco Shipping Company
,
China Shipping Group
The ship insurance business of the two largest fleets of the transport company in China has a total insured amount of more than 40 billion yuan.
16, 2008 Beijing Olympic Games, PICC property insurance will cover every member of the delegation, including athletes,
trainer
, the Chinese Olympic Committee officials and staff, to provide insurance coverage of 1 million yuan per person for accidental death, disability, burn or sudden and acute death, the total amount of up to 1.7 billion yuan.
1, 2005 January 7, 2004, "SELENDANGAYU" round
The Bering Strait
Sea failure, the whole ship soybean almost total loss. After the field inspection, the final treatment according to the constructive total loss. In 2005, our company paid out food reserves to the insured
Oriental company
153 million yuan.
2. On January 2, 2005, a fire broke out in Dalian Luyuan Chemical Pharmaceutical Co., LTD., and our company shall pay 12.685 million RMB as compensation.
3. February 6, 2005
Maoming
Haiyin Yongye oil tank during the transmission of oil leakage explosion, and caused a fire, the company paid 25.9 million yuan.
4. 7-15 February 2005
Hunan (Province)
Suffered a large area of snow and ice weather, power transmission
phylogeny
For heavy losses, the company shall pay RMB 11.926 million.
5. 27 February 2005
Liaoning (Province)
Suizhong Power Plant 1# unit transformer machine damage accident, the company timely compensation, including machine damage insurance paid 1.745 million yuan, profit and loss insurance paid 17.657 million yuan.
6. March 2005
Guizhou (Province)
Snow disaster occurred in some areas, and the property of the power system suffered snowfall disaster, and the company paid 15.801 million yuan in compensation.
7, March 8, 2005, China Shipping Development Freighter Company "Hualing" ship
The Yellow Sea
There was a collision with MSC CHRISTINA in the fog near Lianyungang. The hull of the ship broke, the stern of the ship sank, including part of the engine room, the bow of the ship ran aground after floating, and the outer ship was also seriously damaged. The company has paid the ship owner 8.3 million yuan in advance for the loss of the hull.
8. March 19, 2005 Nutricia Pharmaceuticals (
Wuxi
Ltd. fire, the company paid 13.479 million yuan compensation.
9. On April 11, 2005, Shanghai Baosteel ladle steel leaked and caused a fire, and the company paid 27.956,000 yuan in compensation.
10. In late June 2005, Fujian was affected by continuous heavy rain
Wuyi Mountain
Railway company
Hengnan Railway
Landslides and collapses occurred in several places, and the company paid 6.696 million yuan in compensation.
11, August 2005 by"
Maisha
Affected by the typhoon, the people and social property losses in some areas of the southeast coast were serious, and the company paid compensation to the damaged enterprises in a timely manner
Ningbo
Huaguang Stainless Steel Co., Ltd. paid 12 million yuan; Ningbo Hangzhou Bay Bridge paid 9.75 million RMB;
Zhejiang Golden Eagle Co., LTD
Compensation of 26.11 million RMB; Shanghai Turbine Co., Ltd. paid 7.61 million yuan.
12. On August 25, 2005, Sichuan Hongchang Electric Power Liability Company was hit by debris flow and the barrage was damaged, and the company paid 11.194 million yuan in compensation.
13. In late September 2005, the company promptly paid compensation to the damaged enterprises and units affected by Typhoon "Dawei", of which the power system paid 33.5 million yuan.
telegraphy
System compensation of 25 million yuan.
14. At the end of September and the beginning of October 2005, affected by typhoon "Dragon King", people and social property losses were serious in some areas along the southeast coast. The company paid compensation to the damaged enterprises and units in time, among which Shanghai Shunfenglong Logistics Co., Ltd. paid 10.51 million RMB; Fujian Wanfeng Shoes Co., Ltd. paid 15.78 million yuan.
15, December 5, 2005 company insurance paid on July 1, 2003
Shanghai Rail Transit Line 4
142 million yuan (20% of the total).
16, February 4, 2008, PICC property insurance company to the Southern Power Grid
Guizhou Power grid Company
The prepaid compensation of 50 million yuan was paid, which is also the largest single property insurance prepaid compensation in the history of PICC property insurance company. Since then, the prepaid compensation and paid compensation of PICC snow disaster have reached 360 million yuan, setting the largest compensation of the insurance industry since the founding of New China.
17. On August 26, 2008, an explosion occurred in the organic branch plant of Guangxi Guangwei Chemical Co., LTD. The fire lasted for 9 hours, covering an area of more than 100,000 square meters. Picc property insurance paid 73.8 million yuan in compensation.
On April 13, 2012, PICC won the "2011-2012 China Financial Enterprises' Most Influential Brand Award" at the China Financial Brand Management Conference sponsored by the Chinese Academy of Social Sciences and the China Marketing Society.
On December 17, 2011, PICC won the "Best Insurance Company of the Year" award at the "Jinpixiu Award" ceremony of the 2011 TOP10 overall ranking of financial management.
On December 17, 2011, PICC won the "2011 China Corporate Social Responsibility Outstanding Enterprise" award at the "4th China Corporate Social Responsibility Summit" hosted by Xinhuanet.
On December 9, 2011, at the first National Financial Institutions Service "agriculture, Rural areas" experience exchange Summit, PICC won the "2011 National Financial Institutions Service" "Agriculture, rural areas" best Social responsibility Award ", President Wu Yan won the "2011 National Financial Institutions Service" "Ten annual Influencers Award".
On March 30, 2011, PICC won the third prize in the industry at the first China Excellent Independent Brand International Development Strategy Summit Conference.
On the evening of July 7, 2011, Fortune magazine of the United States released the latest ranking of the World's top 500 enterprises in 2011, and our company ranked 289th with an annual revenue of 32.579 billion US dollars.
On June 7, 2011, PICC won the "Insurance Industry National Brand" award at the first "China Insurance Industry Brand Competitiveness Summit", Chairman and President Wu Yanrong was selected as the "Insurance Industry Man of the Year", PICC Property Insurance won the "insurance Industry Best Claims Enterprise" award, PICC Life Insurance won the "insurance industry Best Service Enterprise" four awards.
In January 2011, at the 2011 China New Wealth Forum with the theme of "Wealth Creation and Wealth Sharing under Transformation Strategy", PICC won the "China to the World Contribution Award".
On January 6, 2011, PICC, as the insurance partner of the 2010 Guangzhou Asian Games, won the 2010 China Sports marketing "Ten Classic Cases" award.
On December 28, 2010, in the "2010 Golden Phoenix Financial Awards Ceremony" co-sponsored by Phoenix Network and Phoenix TV, PICC won the "2010 Most trustworthy Insurance Company" award, PICC Property Insurance won the "2010 most socially responsible Insurance Company" award.
On December 15, 2010, PICC won the title of "The most watched insurance brand by Netizens" at the second "Golden Diamond Award" selection ceremony of NetEase.
On December 8, 2010, at the "2010 ·CCTV China Annual Brand Conference", PICC won the 2010 "China Pride" brand award, which is the most valuable and honorable award of "China Annual Brand Release".
On November 27, 2010, it won the honorary title of "2010 China Excellent Corporate Citizen" at the 2010 China Corporate Citizen Forum and Excellent Corporate Citizen Award Ceremony.
In November 2010, Financial Planning magazine held its third anniversary celebration and financial Brand award ceremony, and PICC was awarded the "Most Valuable Insurance Brand" award.
On September 4, 2010, the China Enterprise Confederation and China Entrepreneur Association released the 2010 annual list of China's Top 500 enterprises, and PICC ranked 35th.
On July 8, 2010, Fortune magazine released the 2010 World's top 500 list, and PICC was successfully shortlisted, ranking 371st.
In April 2010, it won the "Financial Social Responsibility Award" in the selection of the "Brand Award" of the first China Finance and Financial Media Forum.
In January 2010, at the China Model Public Welfare Forum and Award ceremony sponsored by Model Public Welfare Fund and China Times, it won the title of "China Model - 2009 Top Ten Public Welfare Enterprises".
In December 2009, he won the title of "Volunteer Service Contribution Award" at the "2009 Hello China International Volunteer Day Commemoration".
In November 2009, he won the title of "2009 5th China Excellent Corporate Citizen Award Ceremony" sponsored by the Corporate Citizenship Committee of China Association of Social Work.
In August 2009, at the unveiling ceremony and launch ceremony of the 60th Anniversary of the Founding of New China - "60 Brands that promote China's Economy and affect people's Lives" held by CCTV, it won the title of "60 Outstanding Brands in the 60th anniversary of New China".
In April 2009, it ranked 26th among the 899 charitable enterprises listed in the "2009 China Charity List".
In April 2009, it won the title of "Outstanding Contribution Award of Financial Industry" in the "2008 China Financial Enterprise Charity List" organized by the Organizing Committee of China Financial Enterprise Charity List, Charity Times, Zhongmin Charity Information Center, China Association of Social Workers, etc., and ranked 7th among the selected 200 financial enterprise charity list.
In January 2009, the company won the title of "Best Social Responsibility Insurance Company of the Year" in the "2008 List of China's Best Financial Institutions" sponsored by the Financial Times and the Institute of Finance and Banking of the Chinese Academy of Social Sciences.
In December 2008, he won the title of "People's Social Responsibility Award" at the 2008 Corporate Social Responsibility Summit Forum and the award ceremony of "People's Social Responsibility Award" sponsored by the People's Daily Network Center (People's Daily Online).
In December 2008, he won the title of "China Charity Award" at the China Charity Conference sponsored by the Ministry of Civil Affairs.
In November 2008, he won the title of "Top 50 Chinese Public Welfare in 2008" at the "2008 First Huaxia Public Welfare Charity Forum" co-sponsored by China Disabled Persons' Federation, Red Cross Society of China, China Charity Federation, China Environmental Protection Foundation and China Disabled Persons' Cause News Promotion Association.
In October 2008, he won the title of "2008 China People's Livelihood Action Pioneer" in the 2008 China People's Livelihood Action Pioneer Commendation activity jointly organized by China Foundation for Poverty Alleviation, China Central Television News Channel and China Fortune Magazine.
In September 2008, it won the title of "Top Ten Insurance Companies in China in 2008" in the selection activity of "The First Insurance Brand List of China's Millions of Middle class Families in 2008" held by "Money Weekly" of Southern Media Group.
In June 2008, it won the title of "National Finance May Day Labor Award" issued by the National Committee of China Finance Trade Union.
In August 2007, it won the honorary title of "Golden Spectrum Award" at the "First China Brand Festival 2007" sponsored by China Entrepreneur Magazine, China Business News, Focus Media and Brand Alliance.
On the night of July 8, 2010,
America
Fortune magazine published in 2010
Fortune 500
List, China
People's insurance
Group (PICC) successfully entered the list, ranked 371st, ranked 2nd among domestic shortlisted insurance companies, and ranked 36th among all domestic shortlisted companies.
As the first company to enter the world's top 500 list, PICC surpassed many competitors with unremitting efforts and innovation, second only to
China Life Insurance
Ranked second in the industry, showing that the company has grown with the new China and focused on the property insurance field for a long time
Insurance company
Significant improvement in business strength and brand value. Chairman of PICC,
PRESIDENT
Wu Yan said, in
Global financial crisis
Under the background, PICC entered the world's top 500 for the first time, marking the strengthening of the group's strength and the continuous expansion of international influence. Picc will make continuous efforts to raise the Group's business income, asset scale and return on equity to a new level, and strive to build a world-class large-scale modern insurance
Financial group
. Statistics show that from 2007 to 2009, the average annual growth rate of the group's premium income was 35%, 27 percentage points higher than the average growth rate of the previous three years; Total assets grew at an average annual rate of 41%, 31 percentage points higher than the previous three years and 17 percentage points higher than the industry average in the same period. In 2009, the group's total assets under management reached 755.5 billion yuan, five times that of 2006.
What has attracted much attention is that in September 2009, PICC successfully completed the shareholding reform, realized the major transformation from a traditional state-owned enterprise to a modern state-owned holding group, and became the first state-owned insurance financial group to complete the share reform.
According to the data for the whole year of 2009, the premium income of PICC property insurance in the insurance sector of PICC Group was 119.5 billion yuan, the market share was stable at 40%, and the leading position in the non-life insurance market was continuously consolidated. Picc's life insurance premium income was 52.4 billion yuan, up 82% year-on-year, 71 percentage points higher than the average growth rate of the life insurance industry, and it was the fastest growing company in the domestic life insurance market. Picc health insurance premium income of 6.2 billion yuan, of which the proportion of security business increased by 43 percentage points year-on-year, social security
Supplementary business
The scale has increased by 65% year-on-year, and the ability to serve the construction of the national medical security system has been continuously enhanced.
At the same time, the investment sector has successfully built a portfolio investment platform, real estate investment platform and equity and debt investment platform based on PICC assets, PICC Investment Control and PICC capital, and its support service capability for the insurance sector has been continuously improved. In 2009, PICC achieved a historic breakthrough in the overall profitability of its main business units, and initially presented property insurance, life insurance,
Health insurance
And the new pattern of diversified profits in the investment sector.
In 2010, PICC Group continued to maintain rapid and healthy development, from January to June, the group achieved premium income of about 133 billion yuan, an increase of 35%.
One wave followed another. Picc Group listed the sale of "Huaven Department" less than a month, was accused of harsh listing conditions, fear of rent-seeking space soon after the project again waves.
According to the People's Daily
Beijing Times
Reported: June 29, 2011, as"
Huawen Holdings
The People's Daily, one of the shareholders, has formally submitted a solemn statement to the Beijing Financial Assets Exchange, the listing agency of the project.
The statement said: The newspaper has objections to the unilateral listing of the PICC investment to transfer its 55% of the "Huawen Holding", the transfer project has great risks, and the audit and evaluation report submitted by PICC investment also contains false content, which may mislead the intended transferee and investors.
A director of Huawen Holdings said that the reason why the conflict between the newspaper and the PICC is so intensified is that the two sides have different opinions on the legacy of a debt of up to 500 million yuan that occurred during the reorganization of Huawen Holdings and the ownership of the equity of the securities newspaper.
But the thing that gets the most attention is if
People's Daily
If the debt no longer exists, then, when the PICC Group was restructured, did the documents such as asset reports submitted to the relevant institutions also contain "false content"? Will the overall listing process of PICC Group be hindered?
At the same time, the reporter's investigation found that the PICC collective actual control of the "Huawen Department" for three years, the suspicion and rumors about "interest transmission" are constantly heard inside the "Huawen Department", which has become the discordant tone of the PICC Group's overall listing.
On June 8, 2011, PICC listed and sold its 55% equity of Huwen Investment and 54.21% equity of Guanglian Investment in Beijing Financial Exchange, with the listed price of 1.268 billion yuan and 867 million yuan respectively, totaling 2.135 billion yuan.
Twenty days later, on June 29, 2011, People's Daily, as one of the shareholders of Huawen Holdings, formally submitted a solemn statement to the Beijing Financial Assets Exchange.
The statement pointed out: First, the audit and evaluation report submitted by PICC Investment contains false content, which may mislead the intended transferee and investors. When the People's Daily restructured Huawen Holdings, it had reached an agreement with the companies involved in the restructuring, including PICC Investment, on the relevant claims and debts, and there was no residual problem of the so-called People's Daily and its subsidiaries paying the debts of Huawen Holdings of RMB 501 million.
Second, the newspaper has objections to the unilateral listing of PICC Investment's 55% equity of Huawen Holdings, and is currently reflecting the situation through relevant channels to avoid greater damage to the rights and interests of other shareholders of Huawen Holdings.
People's Daily stressed that due to the great risk of the 55% equity transfer project of Huawen Holdings, the intended transferees and investors must be careful to avoid unnecessary losses.
What is the explanation for the huge debt of 501 million yuan mentioned in the statement? The incident began in 2006, when the Shanghai social security case, Huawen department into a restructuring mystery.
As early as PICC's strong entry into the "Huwen Department", China Overseas Group Co., Ltd. also wanted to create its dream of a financial kingdom through New Huangpu.
On March 15, 2007, People's Daily, the largest shareholder holding 94.97% of China News Holdings, signed a framework agreement with China News Holdings to restructure China News Holdings, also known internally as the "315 Agreement". China Overseas first injected 802 million yuan into Huawen Holdings, and Huawen Holdings held 66.83% after the capital increase; The next step is to buy 100 million shares held by the People's Daily with 300 million yuan, and finally control 75% of Huawen Holdings.
A person who had participated in the reorganization of the shares of Huaweng confirmed to reporters that on August 27, 2007, the People's Daily had signed a consideration plan with Overseas China, and as of December 31, 2006, the valuation of Huaweng's shares was 1.106 billion yuan.
The evaluation of People's Daily's arrears to Huawen Holdings of 627 million yuan, contingent liabilities of 204 million yuan, and bad debt provisions of 245 million yuan totaled 1.076 billion yuan. At the same time, the amount payable to People's Daily by Huacheng amounted to 333 million yuan, with a cumulative adjustment deduction of 743 million yuan. Finally, the net assets of Huawun Holdings were calculated at 363 million yuan, equivalent to 0.91 yuan per share.
It is revealed that the consideration plan specifically states that after the signing of the "Cooperation Framework Agreement" and "Memorandum" and the consideration plan, the relevant claims and debts between the People's Daily and its affiliated enterprises and HuACang will be liquidated, and the accounting adjustment involved will be handled by the parties themselves. Since then, China Overseas Group has no recourse to relevant matters.
Five equity "holding" is also a major event within the "Huawen Department", of which the ownership of the Securities Times may also be another incentive for the newspaper to "get mad".
The so-called "five equity" means that due to historical reasons, Huwen Holdings respectively holds 40% equity in Securities Times, 38% equity in Zhongqing Kaicheng, 25.05% equity in Xinhuangpu, 4.8% equity in United Securities and project equity in Hangzhou Hyatt.
In 1999, Huowen Holdings and Guanglian Investment jointly funded the establishment of Shanghai NewHuowen Investment Co., LTD., each holding 50% of the shares. Picc Investment, a subsidiary of PICC Group, holds 55 per cent of Huawen Holdings and 54.21 per cent of GuanglianInvestment.
Insiders said that after the People's insurance company entered Huawen Holding, it insisted on transferring all the "five shares" to Shanghai News Huawen, and the reason was to "regulate the company and clean up the accounts."
Huwen Holdings insiders said that the opinions of a shareholders' meeting of the company stated that the five shares had been listed under the long-term investment of the parent company of Huwen Holdings before the three shareholders of Huwen Holdings reached a restructuring, and had never been reflected in the assets of Shanghai News Huwen.
A director of Huawen Holdings told reporters that he had seen a piece of paper with only a few lines, the so-called "holding agreement", which simply recorded that Huawen Holdings held the above company's equity on behalf of New Huawen, and the agreement was signed by the main person in charge at that time. In terms of operation, it is also in accordance with the mode of foreign news holding shares to sign, and the project is undertaken by New News.
The director said, "It is not impossible to return to the position, but the rights and obligations must be equal, and we cannot transfer high-quality assets to NewHuawan and leave liabilities to Huawan Holdings."
The above-mentioned shareholders' meeting proposal said that after the five equity interests originally held by Huawen Holdings are transferred to Shanghai News Huawen Holdings, it will cause serious losses of Huawen Holdings' assets and is suspected of transferring interests to it.
"It is conservatively estimated that according to the current financial arrangement for the above five shares, Huacheng Holdings will lose more than 900 million yuan in direct investment income, and News Huacheng will gain huge profits as a result, and shareholders such as People's Daily, which is a shareholder of Huacheng, will also suffer huge losses in proportion," the opinion said.
In addition, some shareholders pointed out that the procedure for the return of the above five equity holdings is also illegal.
The shareholder's opinion is that, according to the
Company law
"And"
Articles of association
The disposal of the investment of Huawen Holdings shall be decided by the board of directors or the shareholders' meeting of the Company in accordance with the law, and no operating and management personnel of the company and some directors or legal representatives shall have the right to decide; At the same time, since Shanghai News is not only a subsidiary company of Huawen Holdings, but also a subsidiary company of PICC Holdings after consolidated statements and listed in PICC Investment control, therefore, as a related party, PICC Holdings should avoid voting.
The above-mentioned shareholders said that the return of the proxy by a simple arbitration method of a sole arbitrator, the selection of an agent and authorization, the collection and submission of data, and the defense opinions have not been reviewed, approved and authorized by the board of directors and the shareholders' meeting.
The Huawen director said the operation was mysterious at the time, and some directors, supervisors and shareholders only knew about it a year later.
According to the listing information on the sale of "Huawen Department" by the People's Insurance Company, Huawen Holding has a net worth of about 980 million yuan at present, and the net profit in 2010 is more than -7.3 million, while the net asset of Guangilian investment is about 390 million yuan, and the net profit in 2010 is more than 78 million. Historical data show that in 2007, when PICC increased its capital in Guanglian, its net assets were negative, and Huowen Holdings after the 2008 capital increase, the net assets have reached 1.2 billion yuan.
Both Guanglian Investment and Huwen Holdings are investment companies with no actual operation. Their main assets are each holding 50% of the shares of Shanghai News Huwen and the shares of Sino-Thai Trust, and the ownership structure is basically the same. In the past three years, the two companies have not made new investments and operations, and the investment income is also mainly from the investment dividends of Shanghai News and Zhongtai Trust equity. The relevant stakeholders of the People's Daily question is that the two companies with such similar shareholding structure, why the performance of Guanglian Investment has skyrocketed, while Huawen Holding has deteriorated?
According to shareholding ratio, PICC Holdings' interest in Huwen Holdings is slightly higher than its interest in Guanglian.
The aforementioned director analyzed that Guanglian Investment and PICC have a deep historical origin, in addition, the equity structure of Guanglian is relatively dispersed, in addition to PICC holding a dominant share, the rest of the equity dispersed in the hands of thousands of individuals and social shareholders, PICC's right to speak in Guanglian investment is large.
Huawen Holding company for the PICC holding in the name of regulating the company, transfer of high-quality assets and profits, the argument, can be heard.
The director also said that in the 2009 annual financial report, Huawen Holding and Guanglian contributed a book profit of 1.2 billion yuan for PICC Holding and then to PICC Group.
The claims were not confirmed by PICC.
Among the five shares, the most important is the 40% stake in the Securities Times.
Huawen 500 million debt dispute
At the beginning, after PICC Group entered Huawen Holding, in order to alleviate the capital problem of "Huawen Department", it quickly mobilized 2 billion yuan of emergency funds from PICC Life insurance to inject Huawen Department. Although this move has played an immediate effect in easing the pressure on funds, it also has endless consequences.
"Seeing that PICC mobilized 2 billion yuan in less than a week to save the emergency, the company was excited and felt that it had found a good owner and could solve the big problem of Huacheng." But it turns out it's not as simple as it seems." The director admitted.
According to people familiar with the matter, shortly after the 2 billion was in place, PICC Group instructed Huawen Holding to sign an "entrusted house purchase agreement" with PICC Life Insurance, if it did not reach the agreement, Huawen Holding bears a penalty of 9.9% annual interest, which is much higher than the normal investment rate of return of insurance funds, so the essence is a disguised financing contract.
So far, according to the listing information, Huawen Holding still owes PICC life insurance 274.17 million yuan principal and 85 million yuan liquidated damages.
The director said that in the second half of 2008, Huawen Holdings paid more than 90 million yuan in liquidated damages to PICC life insurance.
Later, due to the suspected illegal use of 2 billion yuan of PICC Life insurance funds, in order to return the funds, Shanghai News and Huowen Holdings, as major shareholders and actual controllers, illegally occupied 280 million yuan of Xinhuangpu funds around August 2010
Shanghai securities
Trading public reprimand and discipline.
People's Daily stakeholders believe that in order to achieve the overall listing, PICC Group is suspected of using Huawen Holdings to convey interests in disguise, improve asset quality, and increase profit sources.
However, at present, there is no evidence to confirm that PICC Group is involved in the transfer of benefits.
In 2010, the overall profit and underwriting profit of PICC Group reached the best performance in history, with the overall profit of the group 7.33 billion yuan. In the first four months of this year, the net profit of PICC Group was about 4.4 billion to 4.5 billion yuan. Picc Group executives have said that the group's overall profit in 2011 is expected to exceed 10 billion yuan.
According to the annual reports of PICC Group and its subsidiaries, in 2010,
Picc property insurance
Net profit of 5.212 billion yuan, PICC Group holding 69%;
Picc life insurance
Net profit of 737 million yuan, PICC Group holding 71%; while
Picc health
The profit was 69 million yuan, and PICC Group held 83.67%. but
Picc Asset Management Company
Profits are unclear.
On March 26, 2024, the People's Insurance Group of China announced that the total operating income in 2023 was 553.467 billion yuan, compared with 620.859 billion yuan in the same period of last year. Net profit reached 30.811 billion yuan, net profit returned to the mother 22.322 billion yuan; Annual total investment return rate of 3.3%; The annual income from insurance services reached 503.9 billion yuan.
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