May 06, 2021 08:03 AM (GMT+8) · EqualOcean
According to relevant channels, in the first quarter of this year, the total profit of insurance companies is expected to be 132.45 billion yuan, an increase of 33.07 billion yuan or 33.3% year on year. Among them, life insurance companies reached 90.5 billion yuan, accounting for 68%. Good investment income has become the engine of driving the profit growth of insurance companies. The reporter learned that in the first quarter, the income from the use of funds of insurance companies totaled 298.7 billion yuan, more than twice the expected profit of insurance companies. A number of leading listed insurance companies also mentioned in the first quarter report that the increase of investment income in the first quarter of this year drove the profit growth.