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source: china insurance magazine integrated media center under manager media

as a new generation of domestic insurance company and a listed insurance group, sunshine insurance group co., ltd. (hereinafter referred to as "sunshine insurance") has attracted much attention for its "report card" in the second year of listing.

the interim report data shows that the total premium income in the first half of this year was 51.76 billion yuan, a year-on-year increase of 12.9%; the new business value in the first half of the year was 3.75 billion yuan, a year-on-year increase of 39.9%. overall, the group is in a good trend of "steady development and improvement". however, does it mean that sunshine insurance has passed the period of sluggish performance, or is it just a temporary improvement?

"advances and setbacks" in the first half of the year

on august 27, sunshine insurance disclosed its 2024 semi-annual report on its official website. however, the life insurance business and property insurance business of its subsidiaries are like ice and fire, with a significant gap.

in the first half of the year, sunshine life achieved insurance business income of 51.76 billion yuan, a year-on-year increase of 12.9%. among them, insurance service income was 8.024 billion yuan, a year-on-year increase of 2.1%. from the investment perspective, the average comprehensive investment return rate in the past three years was 4.14%, which is a stable performance. affected by the above reasons, sunshine life's net profit increased by 14% year-on-year to 2.766 billion yuan. in addition, sunshine life's 13-month premium continuation rate was 96.4%, an increase of 3.7% year-on-year; the 25-month premium continuation rate was 89.8%, an increase of 4.2 percentage points year-on-year.