China Pacific Insurance (A shares: 60 160 1, H shares: 0260 1), also known as Pacific Insurance, was formerly known as China Pacific Insurance Company and was established on May 19 13 with the approval of the People's Bank of China.
200 1 According to the reply of the CIRC in the State Council and China, China on the reform of the separate operation institutions, the former China Pacific Insurance Company was renamed as "China Pacific Insurance (Group) Co., Ltd.". CPIC is the second largest property insurance company in Chinese mainland, second only to China Property Insurance, and one of the three largest life insurance companies. It operates a variety of insurance services, including life insurance and property insurance.
The net profit of 20 12 in the first half of the year decreased by 54% year-on-year. In the first half of the year, the total cash paid by the company to and for employees reached 56 1 billion yuan, compared with 4.78 billion yuan in the same period, up by 17.3% year-on-year.
20 1 1 In the first half of the year, China Pacific Insurance realized an insurance business income of 86.875 billion yuan, accounting for10.8% of the market; Realized a net profit of 58.65438+0.6 million yuan; The comprehensive expense ratio of property insurance is 91.1%; The value of new life insurance business increased by 18.3% year-on-year. By the end of the first half of 20 1 1, the total assets of China Pacific Insurance exceeded 537.2 billion yuan, the net assets reached 79.8 billion yuan, and the investment assets reached 490,564.38+03 billion yuan, with sufficient solvency, and all indicators were in the forefront of the insurance market in China.
As a "responsible insurance company", China Pacific Insurance actively pursues sustainable value growth while consciously fulfilling its corporate social responsibility. Committed to all kinds of public welfare activities and fulfilling corporate citizenship obligations. Since its establishment, the company has actively carried out public welfare activities such as caring for orphans and disabled people, donating money to help students, and helping the poor: it has invested more than 30 million yuan and established more than 60 hope primary schools; During the catastrophic floods, SARS, snowstorms in the south, 5. 12 earthquake relief, drought in Yunnan, Yushu earthquake in Qinghai and debris flow in Zhouqu, the total amount of donations and materials exceeded 6,543.80 billion yuan.