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Thursday, June 23, 2011

Protection group profit this year to break billions under pre45ure

Dong Yunfeng Chinese insurance group Supervisory Board Chairman Zhou Shurui revealed yesterday, as unilateral capital markets have fallen and the possible impact of natural disasters in the second half, pressure group earnings exceeded $ 10 billion this year. Zhou Shurui is revealed the news on the 2011 Chinese customer section. But he also pointed out that the protection group to performance record this year. After the protection group announced that group's overall profit $ 7.33 billion last year, net asset yield near 17%. Protection of Group Chairman and Chief Executive Wu Yan told the media that the end of February, overall earnings exceed $ 10 billion is expected in 2011. 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 "current life insurance life insurance has achieved the cumulative break-even, earnings May well before, approximately 5~6 billion. "Zhou Shurui said. In addition, Zhou Shurui also revealed that injections are among the Group on the protection of health, for a total amount not exceeding $ 1 billion, scheduled for completion this month, when the solvency ratios of protection of health at 150%. The report shows, by the end of last year, PICC property casualty, life insurance protection of life and health of solvency ratios are not far from the 100% of the red line to pay. Among them, PICC property casualty has been through the issuance of $ 5 billion subordinated debt mitigation "urgent needs", and the new round of capital increase life insurance life insurance also recently started. (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){}}})();