Protection group or the introduction of a second round of the war vote

On June 23, the Chinese insurance group (hereinafter referred to as "protection group") Board of supervisors Chairman Zhou Shurui said, protection is being carried out on the protection of health of the Group of not more than $ 1 billion capital increase, after the capital increase completed, PICC health reimbursement ratio will reach more than 150%. In addition, according to the progress made in the protection group to be listed, does not exclude the introduction of plans for the second round of strategic investors. On June 15, the protection of Social Security Fund, the Ministry of finance and group has just signed the agreement, $ 10 billion of social security fund strategic stake in the protection group, about the protection of the total share capital of 11%. Insurance analysts pointed out that the introduction of 10 billion Pension Fund, will no doubt be greatly eased since late last year of life insurance of the insufficient solvency of the insurance subsidiaries of the Group and its pressure, thereby accelerating the process of protection listed. Recommended reading insurance weekly: Storm safe involvement haixin shares owned pipe investigation storm disaster danger-don't forget to vote Wade was the protection of health is expected within months of funds granted 1 billion insurance product specification for more selling short China insurance regulatory Commission to be more variable annuity insurance into a bear market life-saving straw tendencies on the other side of risk capital investment balance? Deciphering the trader password grasp the main trends of the protection group, three of the core level of solvency of the insurance subsidiaries are not encouraging. At the end of 2010, PICC property casualty, life insurance protection of life and health of solvency ratios, 115% and 115% respectively. Which life insurance protection of life and health than the decline in late 2009 and 57%, respectively. On June 15, PICC life insurance company's capital increase of $ 6.3 billion, be increased from $ 8.802 billion to $ PICC property casualty recently finished $ 5 billion of subordinated debt issuance, means that the protection group, since late last year, the three insurance subsidiaries has insufficient solvency of the existing problems will be resolved. In fact, with the rapid development of insurance subsidiaries in recent years, protection of the overall solvency of the Group also has been suffering from capital of the people's hardship. According to the insiders of the protection group, the protection group afloat long in between 100%-cent, not more than 150% level. Zhou Shurui told reporters that the people of solvency of the insurance group in the 120% the end of 2010 or so. "Increasing the solvency, first, by injection, two are by the subordinated debt, also one that is itself embedded value increased. "Zhou Shurui says," protection group profit of between 1 and good, in particular better underwriting profit also enhances life insurance group's solvency. "Improvement of solvency while life insurance Corp insurance subsidiaries commenced full profit. According to Zhou Shurui revealed that life insurance companies have implemented the cumulative break-even this year. "On the non-life insurance business, the protection group on the overall strategy of promoting the development of life insurance. In addition, the law should also explore health insurance on their business development, product development also need to expand, compared with the market for life insurance, health insurance market is not so mature. Health insurance is the second consecutive year of profit, but is still relatively small in scale. "Zhou Xu said. Life insurance life insurance net profit of $ 737 million in 2010. Zhou Shurui revealed that "to date, life insurance life insurance 5 to 600 million yuan in profits, expected full year net profit of more than $ 1 billion this year." After the protection group Chairman Wu Yanceng reveal 2011 "billions of profits of the group plan." Insiders pointed out that, since the protection group has long been too dependent on the profit contribution of PICC property casualty, coupled with sluggish capital markets, "to implement perhaps some pressure". Zhou Shurui said: "the wind in the second half of the flooding, property insurance company performance by natural environmental change impacts. From 1 to May data see, unilateral decrease of capital markets, investment income of the group as a whole has declined, but we expect the trend for the better in the second half. ”(function(){varobj=null;if(document.getElementById('page2011nav')){obj=document.getElementById('page2011nav');} elseif(document.getElementById('arctTailMark')){obj=document.getElementById('arctTailMark');} if(obj!=null){varstr='';try{varoo=obj.previousSibling;while(oo.nodeType!=1|| oo.innerHTML.replace(/\s|\u3000/g,'').length==0){oo=oo.previousSibling;} if(oo.nodeType==1&&oo.tagName.toLowerCase()=='p'){varspan=document.createElement('span');span.innerHTML=str;oo.appendChild(span);}} catch(e){}}})();