Comprehensive analysis of life insurance companies ranked Comprehensive analysis of life insurance companies ranked In China the top 25 life insurance companies (see appendix table 3), the top three - China Life, Ping An Life Insurance, Pacific Life - not only in China, is listed as the first three, but before they become one of Asia 150 insurance companies in the top ten. This shows that China's insurance companies in Asia, strong competitiveness. We use six test life insurance companies in China Competitiveness of samples. ¢ñ. Market Three old Chinese company - China Life, peace and the Pacific - retaining its position as the top of the scale indicator. The indicators in the market, the Chinese company far ahead. Although the AIA, with its leading edge step into the domestic market to squeeze into the top 10 British and Italian Life and Life is also a large number of bank and insurance business by foreign companies in the leading position, but with the familiar rules of the domestic market and Chinese culture in the capital companies compared to foreign investment in China to achieve its size, still a long time. ¢ò. Capital capacity It is calculated that the three indicators, ranked the first major foreign companies are small or medium-sized foreign insurance companies. Perhaps because, as China's insurance industry has not been sufficient funds in the case of rapid development. In net premiums and equity ratio, AIG was ranked first. Net debt to equity ratio, Xinhua Life Insurance, No. 1, after several years of effort, this lack of solvency has been out of the predicament into a steady development track. Tai Ping, Tai Ping Life also strong capital capacity of the top 10 finalists. ¢ó. Loss reserve In this indicator, China's ranking in Asia in general is not high, may be attributed to rapid business expansion. It is noteworthy that China Life and lives life not only in market size companies in the top 10 index, in loss reserve adequacy ratio of sub-indicators have also entered the top 10, indicating their ability to control the insurance risk more than Other Chinese-funded companies. ¢ô. Profitability The four largest companies - China Life, Ping An Life, China Pacific Life and Taikang Life - are ranked in the forefront of return on assets, of which three of the highest return on capital and surplus. This fully demonstrates the power of these companies ability to generate profits. However, the net return on equity and profitability of the total ranking, at the top of the China Life is relegated to section 6, suggesting that the company improve the efficiency of capital still takes effort. Cost rate calculation, AIG is still ranked No. 1, only three finalists in the top ten insurance companies, the note-funded companies are still blind to scale the current neglect of efficiency. It is noteworthy that AIA although the cost of the domestic life insurance rates ranking at the top, but in Asia only in its overall ranking in the first 116. While differences in accounting standards is one of the causes, but the domestic market competition, so that insurance companies have to spend a lot of marketing expenses to maintain market share, is also an indisputable fact. Loss ratio index in the majority in the top 10 is not long established, business volume of small new company, which is related to long-term life business, premium income and claims to longer intervals, some of the new company Business has not yet entered Peifu period of high. ¢õ. Asset Liquidity Liquidity indicators include the rate of three: Investment assets ratio, current liquidity, and overall liquidity. Life in China Life and lives among the highest percentage of investment assets, Pacific Life is in the first 4, Tai Ping Life and Life in the 10, the description of these large companies need to enhance asset management. In the current liquidity position, the livelihood of the people Life, Pacific Life While the top ten in the country, but in Asia, ranked No. 90 in the future. In addition, the overall liquidity in the domestic life insurance ranking, Ping An Life, China Pacific Life, and Life in the top 10. ¢ö. Operating stability Operating stability of the test includes two indicators: net premium income changes, changes in capital and surplus. Net premium growth indicators, four large companies and TPL in the top 10 shows in the control of the business-funded companies can scale taking into account the security and development. However, changes in capital surplus target only the top Xinhua Life Insurance, China Life and 10, indicating that most of the capital-funded companies failed to keep pace with rapid business expansion. Domestic life insurance company of the top 10 First China Life Insurance Company Ranking of life insurance companies in China, China Life market share and profits in both the number one, the rate of loss reserve adequate number one, liquidity and stability of the rankings, respectively 4 and 7. In view of this, although the company's capital capacity is slightly lower than other insurance companies a competitive edge, but the view from the comprehensive ability is still on top. China Ping An Life Insurance Company Limited second Ping An Life overall competitiveness rankings for the second, mainly because of its scale in the market, ranked two, profitability, ranked No. 3, asset liquidity is also very front, ranked No. 5. Other indicators on the ability of its capital closer to the industry average, ranking 10th, loss reserve adequacy and operating stability is relatively set back in 15th place. Due to its net asset growth rate is too low, so that the company is relatively low stability. China Pacific Life Insurance Company, third Pacific Life's overall competitiveness in third markets. Mainly thanks to its strong liquidity (No. 1), market size (3rd place) and high profitability (No. 5). But the company's performance on other indicators are slightly inferior. Among them, the capital capacity ranked 12, loss reserve adequacy ratio ranked 13, in particular the operating stability of the statistics we have 25 life insurance companies discharged to the first 24. Meanwhile, the low rate of growth in net assets, leading to lower its overall stability. Taiping Life Insurance Co., the fourth Taiping Life's overall competitiveness in the country in fourth place. Their capacity and profitability of capital, are in second place, with high liquidity (Article 2), market size relative front (6th place), but the management of stability and loss reserve adequacy poor performance , is No. 19. Tai Kang Life Insurance Co., the fifth Taikang Life's overall competitiveness in the industry ranked fifth. This is mainly due to its number one profitability. Additionally, the company and capital market capabilities, are ranked No. 4. But other indicators, such as loss reserve adequacy ratio (No. 18), liquidity (Article 19), operating stability (No. 18) is relatively rearward. Sixth Life Insurance Co., Ltd. Life Life in the country ranked No. 6 overall competitiveness, thanks to its good stability and liquidity, these two tests, both in industry ranking 3. In addition, the company's market position No. 8. Other indicators of the middle rank, slightly higher than the industry average. Among them, the capital capacity ranked 10, claims reserves ranked 12th, profitability, ranking 12th. Seventh in Hong Life Insurance Co., Ltd. Macro Life is the first joint venture life insurance company, its overall competitiveness ranking in section 7. Among them, the business came in the first two stability and asset liquidity ranked No. 6 and profitability came in the 7th place ranking 8th loss reserve. Two other indicators - market size and capital capacity - more rearward position, respectively, for the first 17 and 15. Eighth Xinhua Life Insurance Company Xinhua Life Insurance, as a large national insurance company, its overall competitiveness ranking in the first eight. The advantage of Xinhua Life Insurance, market size (No. 5), business stability (No. 8) and profitability (No. 9), but its capital capacity (No. 20), mobility (No. 17), compensation reserve (No. 24) is relatively rearward. Pacific-Aetna Life Insurance Company, the ninth Pacific Antai Life Insurance Company by China Pacific Insurance Group and Aetna insurance joint venture, its overall competitiveness ranking 9th. Prominent expression in their stability (section 6), loss reserve adequacy ratio (No. 6); performance is still good and above average is the profitability (No. 11) and liquidity (No. 12); However, in the capital capacity (No. 19), market size (No. 20) and so is weaker. 10th American International Assurance Company Limited As the only one allowed to carry on insurance business in China, foreign-owned life insurance companies, AIA's competitiveness comes mainly from its capital, capacity, profitability and market size, the more prominent performance in the capital capacity (No. 1), profitability (the first 5), market size (No. 7). Stability (No. 10) and liquidity (Article 13) also performed well. The lack of adequate compensation rate mainly in the lower-ranked (No. 25).