Profit comes from three price differences: spread, dead difference and fee difference. Compared with bank interest, the predetermined interest rate of the policy is lower than the interest to form income; If the death rate of the insured policy is lower than scheduled, it will generate profits; The company's expenses are controlled below the actual expenses, resulting in profits.
This is a very professional statement. Simply put, there are many bank deposits, and the interest rate is definitely higher than yours. We don't know the exact quantity. The difference in death, that is, they originally planned to pay 1 100 million this year, and as a result, the death compensation was 50 million, which was also earned. The company controls the cost, and the cost is reduced, which is the profit.
Insurance companies are still relatively profitable and have more capital.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.