On May 8th, with the disclosure of the first quarter solvency reports of insurance companies, the operating situation of property and casualty insurance companies has also been revealed. According to data from the China Insurance Industry Association, as of May 7th, the 85 property and casualty insurance companies that have announced their operating conditions for the first quarter of this year have achieved a total insurance business revenue of approximately 516.145 billion yuan and a total net profit of approximately 25.604 billion yuan. The interviewed experts stated that the property and casualty insurance industry has performed well this year, mainly due to factors such as the optimization of the industry’s auto insurance business and the gradual release of investment returns last year. (Securities Daily)
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