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).
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.