Sudden Insurance

One after another as part of shareholders to inject capital, troubled land of six months of solvency of insurance disperse melancholy. Our reporter was informed yesterday from the land of insurance, a major shareholder in the last year the Group invested 2.1 billion and then after a few days ago, the earth again in the re-insurance groups, Ningbo Power, Datang International, Alliance for Innovation and Technology Beijing Song shareholders 4 907 million yuan co-injection. After the completion of two rounds of capital injection, the earth insurance registered capital will reach 4.72 billion yuan.

Insurance from the earth to be confirmed, with the exception of four shareholders of the above, the land of insurance remaining six did not participate in this round of capital to shareholders.

Insurance in fresh years in assorted elements of the world strengthen “Raiders to the city” is less than its last capital of the fuse. While hunger has been paid interim result, but not to incriminate himself had to pay into the next critical purpose, take the opening to acclimatise the transition is a apex priority.

Marked the beginning of the transition effect. This reporter learned that, according to the data show that the first quarter of this year, the earth insurance total premium income of 2.95 billion yuan, an increase of 3.1 percent, to complete 30% of-year plan. The first quarter, insurance statements, the total cost of the land for the 94.3 percent rate, the net operating cash inflow of 280 million yuan.

Insurance companies in 2008 the first annual report released yesterday, revenue has shrunk substantially. March 26, China Life was held in Beijing in 2008 the operating results of the annual conference, in Hong Kong accounting standards-based performance report showed that as at December 31, 2008, China Life’s total investment income of 30.24 billion yuan more than 2007 was down 61.4 percent; net profit of 21.28 billion yuan, representing a 45.3 percent decline in 2007. Solvency in 2007 from 525% to 310%.

Decline in net profit affected by many factors

Not perfect but for as early as the anticipated profitability of, China Life Chairman Yang Chao said in the seminar, as a outcome of the first half of the homeland in 2008 for the South skilled a catastrophe and iced rainfall and snowfall “5.12″ Wen chun large earthquakes, and are seldom glimpsed in the second half of the worldwide economic urgent position, making the procedure of the development of China Life is opposite unprecedented challenges. As of the end of 2008, China Life Insurance to pay a total of 11.916 million yuan reimbursement snowstorm, earthquake to pay a total of about 153 million claims; At the identical time, change of monetary and borrowing principle, exchange rates, alterations in interest rates, the cost of component charges conveyed about by alterations to their varying qualifications of impact.

As for the sharp decline in solvency, vice president of China Life Insurance Analysis Tak Liu pointed out that the depth of capital markets led to lower investment asset values have dropped sharply recognized and the rapid development of the company’s business is the main reason for the decline in solvency.

It was furthermore presented in 2008 a gigantic shock to worldwide capital markets, China Life Insurance is not buying into, and sub-loan urgent position is exactly associated to the offshore bonds, equities and derivatives.

Modest buying into in overseas

As can be seen from the report in 2008, China Life’s investment portfolio has changed greatly, which claims investment accounts for 61.4% equity investment in 2007 from 23% to 8%. In the face of financial crisis, the country life in time to adjust the investment strategy. Germany, according to Liu, the 2008 increment of the main assets in fixed-income allocation of species, including infrastructure plans, such as claims, but also to honor some of the rights and interests of timely investment income category, but also cut interest rates before the increase of bank deposits and bond-type configuration. Nevertheless, the total investment income was only 3.4%, and in 2007 was as high as 10.24%.

Investment strategy for 2009, Liu said Germany would adhere to the fixed-income assets based investment strategy, at the same time will more closely supervise the management of the new investment channels open to find, such as investment in infrastructure, invest in unsecured bonds, real estate investment, private equity investment opportunities for the new configuration. “We will seek a better level of investment income to make up for in 2009 will face pressure on profits.”

Tak Liu told reporters that China Life would seize the new “Insurance Law” to broaden investment channels of insurance companies this beneficial opportunity, especially for real estate investment and infrastructure investment is very welcome.

The report mentioned that in the overseas investment, will actively push forward the sound of overseas mergers and acquisitions and equity investments. Prior to this, China Life Insurance has announced it was abandoning a bid for AIG assets in Asia, Yang Chao in answer to a reporter’s question, said that overseas investment is the investment firm China Life Insurance direction, give up the AIA (AIA), does not mean that overseas investment is no longer China Life will do a good job in the domestic market on the basis of an appropriate investment overseas. Has now accumulated a lot of investment projects, the ongoing research in depth. At the same time, the listed company China Life has yet to strategic investors, hoping to find symmetric Yang Chao international strategic investors, but also require time and careful.

Unexpected increase in premiums

Sharp decline weighed against to a yield of China Life in 2008 premium expansion was unforeseen, principally in the Bancassurance narrow pathway growth.

The report displays that in 2008 the initial protection agreement premiums of 295.579 billion yuan of earnings than the identical time span in 2007 increased 50.33%. “This development rate substantially exceeded the allowance of the Board of Directors handed out last year, the aim is 8% -10%.” Chao said such development, mostly in the Banking and Insurance passages due to the whole market natural environment impact. He accepted that for such blended outcomes, because the most of income is shiny wholesale protection to pay, not solely in holding with the development scheme of China Life place, but can not stop the channel.

Therefore, China Life has been targeted in 2009 in order to achieve a smooth scale of business growth, adjustment of business structure, to guard against operational risks to resolve business-oriented development strategy. Pay attention to the business to develop long-term period, risk-based business, as well as personal insurance policies mainly to pay the operational phase dispersion. According to the briefing, the company’s insurance universal basic moratorium on the sale in 2009, and the cast basically did not even dangerous.

Insurance businesses in 2008 the first annual report issued yesterday, income has shrunk substantially. March 26, China Life was held in Beijing in 2008 the functioning outcomes of the annual seminar, in Hong Kong accounting standards-based presentation report displayed that as at December 31, 2008, China Life’s total buying into earnings of 30.24 billion yuan more than 2007 was down 61.4 percent; snare earnings of 21.28 billion yuan, comprising a 45.3 per hundred down turn in 2007. Solvency in 2007 from 525% to 310%.

Decline in mesh yield changed by more elements

Not ideal but for as early as the expected profitability of, China Life Chairman Yang Chao said in the conference, as a result of the first half of the country in 2008 for the South experienced a disaster and frozen rain and snow “5.12″ Wen chun large earthquakes, and are rarely seen in the second half of the international financial crisis, making the operation of the development of China Life is facing unprecedented challenges. As of the end of 2008, China Life Insurance to pay a total of 11.916 million yuan compensation snowstorm, earthquake to pay a total of about 153 million claims; At the same time, adjustment of monetary and credit policy, exchange rates, changes in interest rates, the cost of factor prices brought about by changes to their varying degrees of impact.

As for the sharp decline in solvency, vice president of China Life Insurance Analysis Tak Liu pointed out that the depth of capital markets led to lower investment asset values have dropped sharply recognized and the rapid development of the company’s business is the main reason for the decline in solvency.

It was in addition ushered in in 2008 a immense shock to global capital markets, China Life Insurance is not financial endeavour, and sub-loan critical purpose is right away connected to the offshore bonds, equities and derivatives.

Modest financial endeavour in overseas

As can be observed from the report in 2008, China Life’s financial endeavour portfolio has modified highly, which allegations financial endeavour statements for 61.4% equity financial endeavour in 2007 from 23% to 8%. In the face of fiscal critical purpose, the nation life in time to acclimatise the financial endeavour strategy. Germany, as showed by Liu, the 2008 increment of the principle assets in fixed-income portion of species, embracing infrastructure strategies, for instance allegations, but in addition to award some of the privileges and welfare of timely financial endeavour wages group, but in addition slice interest rates before the advance of bank bank deposits and bond-type configuration. Nevertheless, the total financial endeavour wages was only 3.4%, and in 2007 was as high as 10.24%.

Investment scheme for 2009, Liu said Germany would adhere to the fixed-income assets founded buying into scheme, at the identical time will more nearly oversee the administration of the new buying into passages open to find, for example buying into in infrastructure, invest in unsecured bonds, genuine land parcel buying into, personal equity buying into possibilities for the new configuration. “We will search a better grade of buying into earnings to make up for in 2009 will face force on profits.”

Tak Liu advised reporters that China Life would snatch the new “Insurance Law” to enlarge financial endeavour paths of indemnity financial gatherings this beneficial possibility, principally for actual property area financial endeavour and infrastructure financial endeavour is very welcome.

The report mentioned that in the overseas investment, will actively push forward the sound of overseas mergers and acquisitions and equity investments. Prior to this, China Life Insurance has announced it was abandoning a bid for AIG assets in Asia, Yang Chao in answer to a reporter’s question, said that overseas investment is the investment firm China Life Insurance direction, give up the AIA (AIA), does not mean that overseas investment is no longer China Life will do a good job in the domestic market on the basis of an appropriate investment overseas. Has now accumulated a lot of investment projects, the ongoing research in depth. At the same time, the listed company China Life has yet to strategic investors, hoping to find symmetric Yang Chao international strategic investors, but also require time and careful.

Unexpected boost in premiums

Sharp fall contrasted to a earnings of China Life in 2008 premium development was unforeseen, particularly in the Bancassurance conduit growth.

The report displays that in 2008 the initial protection agreement premiums of 295.579 billion yuan of earnings than the identical time span in 2007 increased 50.33%. “This development rate substantially exceeded the allowance of the Board of Directors handed out last year, the aim is 8% -10%.” Chao said such development, mostly in the Banking and Insurance passages due to the whole market natural environment impact. He accepted that for such blended outcomes, because the most of income is shiny wholesale protection to pay, not solely in holding with the development scheme of China Life place, but can not stop the channel.

Therefore, China Life has been directed at in 2009 in rank to realise a flat scale of enterprise expansion, modification of enterprise structure, to guard against operational threats to tenacity business-oriented development strategy. Pay alertness to the enterprise to deduce long-term interval, risk-based enterprise, as well as private indemnity guidelines chiefly to pay the operational point in time dispersion. According to the briefing, the company’s indemnity universal minimal moratorium on the sale in 2009, and the cast rudimentally did not even dangerous.

From the two indemnity oversized creatures – China’s Ping An and China Life have been divulged in the Annual Report of scenery, weighed against to 2007, China’s Ping An and China Life will of financial endeavour finance in 2008 were extensively reduced.

Ping An of China’s annual report disclosed today show that in 2007 the total assets of Ping An of China to invest 441.3 billion yuan, of which the securities investment fund is 15.627 billion yuan, up 3.5 percent share. In 2008, although the growth in total investment assets reached 464.665 billion yuan, but has declined securities investment funds, to 13.443 billion yuan, accounting for 2.9%. Fund’s assets in 2008 than the 13.98 percent lower in 2007.

Ping An of China said that the company’s mesh financial endeavour wages in 2007 from the 15.2 out of 100 advance of 16.268 billion yuan to 18.735 billion yuan in 2008, chiefly due to financial endeavour in fastened interest wages advanced due date. The rate of mesh financial endeavour wages in 2007 from 4.5% to 4.1% in 2008 chiefly due to securities financial endeavour finance is the stock yield income.

China Life Insurance from 2008 Annual Report of outlook, the company’s investment-based Ping An of China a alike situation. In 2007, China Life Insurance 850.207 billion yuan of total buying into assets, encompassing securities buying into finance is 69.769 billion yuan, up 8.21 per hundred ratio. In 2008, total assets of China Life to invest the identical emerged to augment, coming to 937.098 billion yuan, but a important fall in securities buying into capital, to 33.953 billion yuan, accounting for 3.62%. China Life said that the Fund’s assets than the 51.34 per hundred smaller in 2007 due mostly to smaller the deepness of capital markets, as well as the privileges and concerns of businesses to decrease buying into in due course.

In fact, from the closed-end funds announced by the structure of the top ten holders can see some clues. The end of the year 2008 in the closed-end funds in the top ten holders, insurance companies, the highest proportion of reduction of the base closures, accounting for the proportion of the overall size of closed-end funds fell by 6.91 percent.

According to Shenyin investigations show that the decrease in the general closed-end capital of protection capital, the protection businesses gaze at the closed-end capital can be discovered alterations in the buying into, mostly large protection businesses to decrease the groundwork closure.