In 2023, although the personal insurance business achieved restorative growth after a long absence, insurance companies still showed a trend of increasing revenue and no increase in profit in that year. According to the reporter's statistics, under the new accounting standards, although the total insurance service revenue of China Insurance, China Life Insurance, China Ping An, China Taibao, and Xinhua Insurance in 2023 increased 5.6% year on year, the cumulative operating income was 2.2 trillion yuan, down 1.4% year on year, while the total net profit to mother fell 27% year on year. (Securities Times)
A股五大险企去年少赚了，加强资负联动应对利差损
The five major A-share insurers made less profit last year, strengthening capital and liability linkages to deal with interest spreads
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