Brief introduction of Huatai insurance

Huatai Property Insurance Co., Ltd. (hereinafter referred to as "Huatai Property Insurance") is the first national joint-stock property insurance company in China. Huatai Insurance Group was formerly known as Huatai Property Insurance Co., Ltd., which was established in 1996. 1996 was founded in Beijing by 63 large enterprises and enterprise groups with a registered capital of 3,042.6 million yuan. On August 20 1 1, with the approval of China Insurance Regulatory Commission, it was renamed Huatai Insurance Group Co., Ltd., with a registered capital of RMB 3.04 billion and its headquarters in Beijing. In 2002, Huatai Property Insurance introduced American ACE Insurance Group as a shareholder and established a strategic partnership. Since the establishment of Huatai 15 years ago, it has adhered to the policy of "intensive management, specialized management and quality and benefit development" and the long-term concept of "standardized management, steady management, honesty and trustworthiness, and innovative development". With steady business development and sustained profitability, relying on endogenous capital accumulation, it has developed from a single property insurance company to a financial insurance group integrating property insurance, life insurance and asset management. Wu Dingfu, chairman of the China Insurance Regulatory Commission, pointed out: "Huatai Insurance has deepened its reform, innovation and development according to the requirements of Scientific Outlook on Development, and has taken the road of connotative and professional development, not seeking the biggest, but seeking the best. All the work has achieved good results and produced a good demonstration effect in the industry."

development strategy

Huatai Property Insurance has always adhered to the strategy of "intensive management, specialized management and quality-benefit development", implemented the blue ocean strategy, consolidated and relied on the leading edge of asset management, managed property insurance well, expanded life insurance, strengthened asset management, promoted Huatai's stable, sustained and healthy development, and strived to build Huatai into a large and medium-sized financial and insurance service group with continuous innovation capability in the next five to ten years.

Business performance

In 2009, the company realized the original insurance premium income of 293 1 billion yuan (including overseas projects), with a year-on-year increase of 17.8%, of which: the original insurance premium income of auto insurance 18.0 1 billion yuan, with a year-on-year increase of17./kl. The original premium income of non-auto insurance was 65,438+065,438+030 million yuan (including overseas projects), a year-on-year increase of 65,438+08.86%.

In 2009, under the uncertain market, the return rate of the company's investment business reached 7.89%, which was about 65,438+0.5 percentage points higher than the industry average. After the implementation of the Accounting Standards for Business Enterprises No.2, the company realized a net profit of 35 1 10,000 yuan (excluding donation income and related taxes), which was the second highest profit year of the company over the years. By the end of 2009, the company's total assets reached181960,000 yuan, net assets reached 4.295 billion yuan, up 5.48% from the beginning of the year, the return on net assets was 9. 17%, and the net assets per share reached 3. 1 1 yuan.

Shareholder introduction

As the first national joint-stock property insurance company in China, most of Huatai's 50 shareholders are large enterprises and enterprise groups with strong strength, large scale and good benefits, covering industries such as electric power, electronics, machinery, petroleum, chemical industry, metallurgy, non-ferrous metals, construction, building materials, coal, ships, aviation, railways, transportation, forestry, medicine, light industry, tobacco, textile, real estate and light industry. Our shareholders include: ACE Group, China China Resources Co., Ltd. and China Petrochemical Group.

The shareholder ACE Group is Huatai's strategic partner. Anda Group is a world-renowned financial and insurance group and one of the largest property insurance, liability insurance and reinsurance companies in the world. It is famous for its professional underwriting technology, excellent claims service and business network all over the world. Anda has offices in more than 50 countries around the world, covering 140 countries and regions. In May 2002, Anda Group invested in Huatai, which was the first time that a foreign insurance company invested in China Property Insurance Company, and it also brought advanced business philosophy and global business support network to Huatai.

Company advantage

Good asset management ability is an important part of Huatai's core competitiveness. Huatai Asset Management Company has a professional investment project management team. The use of funds has achieved remarkable results, and the performance of bond business has maintained a leading position in the national financial market. Huatai has been rated as "outstanding unit of settlement business in the national inter-bank bond market" for many times. 200 1 recommended by the Ministry of Finance and approved by the National Social Security Fund Council, became the first underwriter of social security fund bonds in the insurance industry. Since its establishment nine years ago, the accumulated investment transaction volume is 568.6 billion yuan, and the average annual yield of bonds is 8.8%.