Performance ranking of life insurance companies in 20 19 years

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China Insurance Company Ranking

Comprehensive analysis of ranking of life insurance companies

Among the top 25 life insurance companies in China (see Appendix Table 3 for details), the top three-China Life Insurance, Ping An Life Insurance Company under China Life Insurance and Pacific Life Insurance-are not only listed as the top three in China, but also among the top ten insurance companies in Asia 150. This shows the strong competitiveness of China insurance companies in Asia.

We use six tests to analyze the competitiveness of China life insurance companies.

I. Market size

Three established China companies-China Life Insurance, China Ping An Insurance and Pacific Insurance-are among the best in the scale index. In the index of market size, China enterprises are far ahead. Although AIA has squeezed into the top 10 with the advantage of entering the domestic market one step ahead, Sino-Italian Life Insurance and Sino-British Life Insurance are also in the leading position among foreign-funded companies because of a large number of bancassurance businesses, compared with Chinese-funded companies familiar with domestic market rules and China culture, it will take a long time for foreign-funded companies to reach the scale in China.

Two. Capital capacity

According to the calculated three indicators, the top few major foreign-funded companies are small and medium-sized foreign-funded insurance companies. The reason may be that the insurance industry in China is developing rapidly and the funds are insufficient. AIG ranks first in the ratio of net premium to owner's equity.

In the ratio of net liabilities to owners' equity, Xinhua Life ranked first. After several years' efforts, this insolvent company has got rid of the predicament and stepped into the track of steady development. Taikang, Ping An and Taiping Life Insurance are also among the top 10, with strong capital capacity.

Three. Compensation reserve

In this indicator, the ranking of China companies in Asia is generally not high, which may be due to the rapid business expansion. It is worth noting that China Life Insurance and Sino-Life Insurance not only rank in the top 10 in the market size index, but also rank in the top 10 in the sub-index of compensation reserve adequacy ratio, indicating that their ability to control insurance risks exceeds that of other Chinese-funded companies.

Iv. profitability

The four largest companies in China-China Life Insurance, China Ping An Life Insurance Company of China, China Pacific Life Insurance and Taikang Life Insurance-are all in the forefront of the return on assets, and three of them have achieved the highest return on capital and surplus. This fully reflects the powerful ability of these companies to create profits. However, in the comprehensive ranking of return on net assets and profitability, China Life ranked sixth, which shows that the company still needs to work hard to improve the efficiency of capital use.

In the calculation of expense ratio, AIG still ranks first, with only three Chinese-funded insurance companies in the top ten, which shows that Chinese-funded companies still have the problem of blindly expanding their scale and ignoring benefits. It is worth noting that AIA ranks first in the expense ratio of domestic life insurance industry, but only ranks 1 16 in the overall ranking of Asia. The difference of accounting standards is certainly one of the reasons, but the fierce competition in the domestic market makes it an indisputable fact that insurance companies have to spend a lot of marketing expenses to maintain market share.

In the payout ratio index, most of the top 10 companies are newly established companies with little business volume, which are related to long-term life insurance business. The interval between premium income and payment is long, and some new companies' businesses have not yet entered the high payment period.

Verb (abbreviation for verb) liquidity of assets

Liquidity indicators include three calculation ratios: investment asset ratio, liquidity and overall liquidity.

China Life Insurance and Sino Life Insurance are among the best in the ratio of investment assets, while Pacific Life Insurance ranks fourth, while China Ping An Life Insurance Company of China and Taikang Life Insurance are both above 10, indicating that these large companies need to strengthen asset management.

In the current liquidity ranking, Minsheng Life Insurance and Taiping Life Insurance rank among the top ten in China, but they rank behind the 90th in Asia. In addition, China Ping An Life Insurance Company of China, Pacific Life Insurance and China Life Insurance rank among the top ten in terms of overall liquidity of domestic life insurance.

ⅵ. Operational stability

The operational stability test includes two indicators: changes in net premium income, changes in capital and earnings. On the index of net premium growth rate, the four major companies and Taiping Life Insurance entered before 10, indicating that China Company can give consideration to safety and development in controlling business scale. Only China Life Insurance and Xinhua Life Insurance rank in the top ten in the index of capital reserve change, which shows that the capital of most companies in China still can't keep up with the rapid expansion of business.

Analysis of Domestic Life Insurance Companies 10 Top Companies

First place China Life Insurance Co., Ltd.

In the ranking of domestic life insurance companies, China Life ranked first in market share and profit, first in compensation reserve adequacy ratio, and fourth and seventh in liquidity and stability respectively. From this point of view, although the company's capital capacity is slightly lower than other insurance companies, its comprehensive capacity still ranks first.

Second place China Ping An Life Insurance Company of China Insurance Company China Insurance Co., Ltd.

China Ping An Life Insurance Company of China Insurance Company ranks second in comprehensive competitiveness, mainly in market size, profitability and asset liquidity. In other indicators, its capital capacity is close to the industry average, ranking 10, while its compensation reserve adequacy ratio and operating stability are relatively low, ranking 15. Because of its low growth rate of net assets, the stability of the company is relatively low.

Third place: China Pacific Life Insurance Company.

Pacific Life ranked third in overall market competitiveness. This is mainly due to its strong asset liquidity (No.1), market size (No.3) and high profitability (No.5). However, the company's performance on other indicators is slightly inferior. Among them, the capital capacity ranking 12, the compensation reserve adequacy ratio ranking 13, especially the operational stability, ranked 24th among the 25 life insurance companies we counted. At the same time, its overall stability is relatively low due to the low growth rate of net assets.

Fourth place Taiping life insurance co., ltd.

Taiping Life ranked fourth in the country in terms of comprehensive competitiveness. Capital capacity and profitability rank second, asset liquidity is high (second), and market size is relatively high (sixth), but operating stability and compensation reserve adequacy ratio are not good, ranking only 19.

Fifth place Taikang Life Insurance Co., Ltd.

The comprehensive competitiveness of Taikang Life Insurance ranks fifth in the industry. This is mainly due to its number one profitability. In addition, the company ranks fourth in terms of market size and capital capacity. However, other indicators such as compensation reserve adequacy ratio (18), asset liquidity (19) and operational stability (18) are relatively backward.

Sixth place Sino Life Insurance Co., Ltd.

Sino-Life ranks sixth in the domestic comprehensive competitiveness, and thanks to its good stability and asset liquidity, it ranks third in the industry in both tests. In addition, the company ranks eighth in market size. Other indicators rank in the middle, slightly higher than the industry average. Among them, the capital capacity ranks 10, the compensation reserve ranks 12, and the profitability ranks 12.

Seventh place Hong Zhong Life Insurance Co., Ltd.

Hong Zhong Life Insurance is the first Sino-foreign joint venture life insurance company in China, ranking seventh in comprehensive competitiveness. Among them, operational stability ranks second, asset liquidity ranks sixth, profitability ranks seventh, and salary reserve ranks eighth. The other two indicators-market size and capital capacity rank lower, which are 17 and 15 respectively.

Eighth place new china life insurance co Co., Ltd.

As a large national insurance company, Xinhua Life Insurance ranks 8th in comprehensive competitiveness. The advantages of Xinhua Life Insurance lie in its market size (5th), operational stability (8th) and profitability (9th), but its capital capacity (20th), liquidity (17) and compensation reserve (24th) are relatively backward.

Ninth Pacific Antai Life Insurance Company

Pacific Antai Life Insurance is an insurance company jointly established by China Pacific Insurance Company and American Antai Insurance Group, ranking 9th in comprehensive competitiveness. Outstanding performance lies in its stability (sixth place) and the adequacy ratio of compensation reserve (sixth place); Profitability (No.1 1) and asset liquidity (No.12) performed well, exceeding the average level; However, it is weak in capital capacity (19) and market scale (20th).

Tenth place American International Assurance Company Limited

As the only wholly foreign-owned life insurance company authorized to operate insurance business in China, AIA's competitiveness mainly comes from capital capacity, profitability and market size, among which capital capacity (1), profitability (5th) and market size (7th) are more prominent. Stability (10) and asset liquidity (13) also performed well. Its deficiency is mainly manifested in the low ranking of compensation adequacy ratio (25th).