24 home insurance Enterprise total capital increase of $ 6 approximation of solvency of the company perimeter

Yesterday, the China insurance regulatory Commission official reply Nobuyasu life raises 10-year redeemable subordinated term debt, raise size of not more than 450 million Yuan. At this point, since the beginning of this year a total of 4 insurance companies will be issued a total of not more than $ 3.75 billion subordinated debt. At the same time, this year, 4 months ' time, China insurance regulatory Commission has publicly approved the capital increase of $ 23.274 billion total, 24 insurance companies ' equity, compared with last year, equivalent to insurance Enterprise total capital increase of 70% last year. Insurance industry setting off "blood" boom. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture but, under insurance enterprises open pay ability adequate rate data, still has 4 home insurance enterprises pay ability insufficient, another has 6 home company close pay ability adequate rate 100% of cordon. 24 capital increase 23.274 billion snake playing seven-inches, from the regulation of insurance, this seven inch is the solvency of insurance companies. In 2011, more of solvency is to become the most important insurance supervision. China insurance regulatory Commission will be based on solvency of insurance companies into three classes less than companies (solvency is lower than 100%), adequate class I companies (solvency than 100% but less than 150%) and sufficient class ⅱ companies (solvency than 150%) and the three companies adopt different regulatory measures. Insufficient with respect to such company, provides including ordered the capital increase or limit dividends to shareholders, limit branches and ordered to stop additional regulatory measures such as new business. In fact, in the near future under the interim provisions on the administration of insurance asset management companies, such as the interim measures for the management of variable annuity insurance in the new rules, we also note the solvency of insurance companies one of the development of the necessary indicators. Therefore, with the rapid increase in premiums, insurance companies face increasing financial pressure in these two years, has been stirring up financing climax. According to the CITIC building investment and securities statistics, 2010 46 domestic insurance company through a capital increase completed in the form of capital injections, with a total capital increase the amount of $ 33.17 billion, 8 companies through the issuance of subordinated debt financing $ 22.55 billion, total capital $ 55.72 billion. This year, according to the securities journal insurance weekly incomplete statistics, China insurance regulatory Commission has publicly approved the increase of $ 23.274 billion total, 24 insurance companies ' equity financing, 4 insurance companies a total of not more than $ 3.75 billion subordinated debt plan. Registered capital was increased up to Turbo $ 4.612 billion casualty of increasing capital, second is anbangrenshou 3.29 billion capital increase. Most compact Samsung casualty is the increase of $ 40 million capital increase, according to the annual report information disclosure, the capital increase was registered by the company's undistributed profit into capital. 15 of 24 insurance companies life insurance company, 8 property casualty companies, 1 reinsurance; otherwise, life, Changan, the Sino-British life 3 company, has already had two ' equity financing granted. 24 insurance companies registered capital of 23.274 billion do not represent the shareholders "blood transfusion" only so much. Due to the share premium, many shareholders of the company registered capital of the investment capital is far more than just that much. For example, Xinhua life insurance solvency said: "the company's 2010 new release 1.4 billion shares of common stock, par value per share is RMB 1, subscription price per share of 10 Yuan. As of December 31, 2010, the company has received more than the subscription money, total 14 billion yuan. "In view of this, 24 ' risk financing enterprise" blood "will not only 23.274 billion. 6 home pay ability approximation cordon under insurance company disclosure information, as last year end, has 6 home insurance company pay ability adequate rate below 100%, which casualty company in the has huaan casualty, and residential China agricultural, and Dou Bang insurance, pay ability adequate rate respectively for also has Chinese joint insurance long-term pay ability insufficient, currently is recombinant process in the; another two home life insurance company respectively for Xinhua insurance and Jiahe life, pay ability adequate rate respectively for 34.99% and 71.26%. However, also according to the company's disclosure notice huaan property "issue acquisition debt of 800 million Yuan this year, had $ 300 million subordinated debt at 3.31 date to the account", the company solvency ratios in the first quarter reached 119%; as of April 15, and $ 300 million subordinated debt in subscribing to bonds, initial forecasts, company solvency ratios had reached 152%. New China life insurance on March 30, 2011, after capital increase matters formally approved, the company's solvency ratio reached 146.24%. At this point, the insufficient solvency of the insurance company only 4 are left. In addition, we note that there are 6 companies while the solvency ratios of not less than 100%, but it is one step away from the red lines only. By the end of 2010, solvency ratios 115% of protection of health, protection of life nine, and the protection of property 124%; however, the protection group, said recently, the company will be introducing war vote, raised $ 10 billion, or is no longer the issue of solvency. Remaining companies are constant 116% on standard ratios of solvency, the Earth casualty 103%, tianan insurance cent. Chang an otherwise responsibility, solvency ratios of 101% the end of 2010. However, since the beginning of this year that the company had ' $ 100 million financing. Under the rules, sufficient for class I companies, China insurance regulatory Commission to require companies to submit and implement prevention plan with insufficient solvency. (Zhao Xiaofei)