Summary by Moomoo AI
China Taibao issued a summary of its first quarter solvency report for 2024 on 27 April 2024. The report showed that the actual capital of the company was $30,405 million, the core solvency overflow was $1,220,141 million, the core solvency ratio was 108%, the comprehensive solvency overflow was $14,873,374 million, and the combined solvency ratio was 196%. Liquidity coverage is 121% for the next three months, 106% for the next twelve months, 236% for the next twelve months under stress, and liquidity risk is manageable overall. The Company's combined risk assessment results for the third quarter and fourth quarter of 2023 are AA. During the reporting period, China Tai continued to strengthen its risk management and revise and improve it in accordance with regulatory requirements to establish a long-term working mechanism for the company's integrated risk assessment. The company will continue to promote high-quality development and adhere to compliance operations.