Monday, April 16, 2012

tera power leveling total assets reached RMB 1 - MNN

129774149450312500_54Report from (reporter Niu Yinghui) insurance third officially unveiled 2011 results. Yesterday evening, China life releases 2011 annual financial report showed, during the reporting period, belong to the company shareholders ' net income of 18.331 billion yuan, down 45.5%. It is learnt that Kunihisa is already listed on the disclosure of annual report of insurance companies in the company, net profit fellThe largest enterprise. Data displayed in public, for 2011 ping operating income of 385.388 billion yuan, down 0.9%; by the end of 2011, total assets reached RMB 1,583,907,000,000 yuan, increase of 12.3% from the end of 2010; embedded value of RMB 292.854 billion yuan, down 1.8%;Annual new business value for 20.199 billion yuan, an increase of 1.8%.   2011 market share is approximately 33.3%, continued to occupy the leading position in the market of life insurance. However tera power leveling, due to the banking and insurance business under the influence of changes in regulatory policy, Kunihisa both individual and group insurance business was hit hard, business profits declined 52.3%, respectively;Spending due to business optimization, for payment, during the period of this report, only a total profit of short term insurance business grew by 30.4%. As at the end of the present report, China life insurance invested assets reached RMB 1 tera gold,494,912,000,000 yuan, representing an increase in 2010 11.9%. Where such income portfolio income increased net investment income rate of 4.28%But under the influence of China's capital market remains weak, after considering factors such as equity investment impairment, Kunihisa total investment yield of 3.51%.   At the same time, Kunihisa sufficient solvency rates declined from per cent in 2010 to per cent in 2011. China net profit decline, BOC international previously published research report that, stock marketFour quarters last year dropped sharply leading to loss of equity investment is large, China life had to make more again in the four quarters of asset impairment losses.   Shanghai composite index fell 160 points in the four quarter of last year tera gold, one-quarter 7%, and equity investments in China life share the highest, are most affected. China life insurance executives, highest annual salary as Chief Actuary Shao Huizhong$ 4.1355 million (before tax), Yuan Li, Chairman of the company since June last year began serving, yearly salary is $ 323,600 last year (before taxes), company President Wan Feng annual salary of $ 607,800 last year (before taxes). () Others:

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