In The First Half Of The Year, All Premiums Earned 492 Million Yuan, Up 221.32% Over The Same Period Of Last Year.

Recently, the first mutual insurance group mutual benefit mutual insurance company, known as "Zhonghui mutual", was released in the first half of 2019. The report shows that in the first half of this year, the company achieved a total premium of 492 million yuan, an increase of 339 million yuan over the same period of last year, and an increase of 221.32% in business compared with the same period last year. The total sum of insurance business revenue has exceeded 2018 in the first half of this year.

The premium is 10 million 240 thousand and 300 yuan, the unearned reserve is 157 million yuan, the earned premium is 325 million yuan, and the insurance business accumulative total expenditure is 390 million yuan.

As for the number of members, as of June 30, 2019, there were 621144 members in the group, representing a growth rate of 546.98% over the same period last year. Among them, 621033 are personal members and 111 are corporate members.

In terms of net profit, Zhonghui has lost 27 million 896 thousand and 200 yuan in the first half of the year, a loss of 2 million 816 thousand and 300 yuan compared to the same period in 2018. The amplitude is reduced by 9.17%. Among them, the total realized insurance fund utilization income is 11 million 55 thousand and 200 yuan, the fair value change income is 25 million 407 thousand and 200 yuan, the insurance business income -6442.65 million yuan, other business income 68 thousand yuan.

Public information shows that the mutual benefit mutual insurance association was established in Qianhai, Shenzhen in February 14, 2017, with an initial operating capital of 1 billion yuan. Its main business includes credit insurance, guarantee insurance, short-term health and accident injury insurance.

Insiders pointed out that from the perspective of the development of the industry, insurance companies generally need to undergo the "seven flat and eight profit" temper, that is, they need to carry on the deficit period of 7 years or so before they can enter the profit channel. Therefore, in view of the current performance of mutual benefits, revenue growth and narrowing of losses are positive signals.

Media noted that last year, Alipay Joint Life Insurance launched an Internet Mutual Insurance - "mutual protection" once triggered the market pursuit, and at that time, mutual benefits have jointly launched a mutual insurance called Jingdong mutual insurance jointly with Jingdong finance, but the upper line only one day will be lightning off the line. According to media reports, the product's shelves are mainly touched by the interests of the traditional insurance companies and are being complained by all parties.