Total assets of Chinese insurers and asset managers rise by 13.9%

Written by Adam Cadle

07/05/2025

Total assets of Chinese insurance and asset management companies amounted to RMB 35.9trn as of the end of 2024, up by RMB 4.4trn or 13.9% from the beginning of the year, according to latest figures published by the National Financial Regulatory Administration (NFRA).

Among those, assets of property and casualty insurance companies registered RMB 2.9trn, up by 4.3%; assets of personal insurance companies reached RMB 31.6trn, up by 15.3%; asset of reinsurance companies reached RMB 827.9bn, up by 10.8%; and assets of insurance asset management companies were RMB 127.7bn, up by 8.5%.

In 2024, insurance companies had recorded primary insurance premium income of RMB 5.7trn, up by 5.7% year on year.

The comprehensive solvency ratio of the insurance sector was 199.4%, and the core solvency ratio was 139.1% as at end-2024. The comprehensive solvency ratios of property and casualty insurance companies, personal insurance companies and reinsurance companies were 238.5%, 190.5%, and 254.2%, respectively, and the core solvency ratios were 209.2%, 123.8%, and 221.2%, respectively.

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