On March 25, GLONGHUI | Sunshine Insurance (06963.HK) announced its annual results for the year ended December 31, 2023. In 2023, the company's business grew steadily, its ability to create value continued to increase, and continued to maintain a good growth trend. The Group's total annual premium revenue was RMB 118.91 billion (RMB, same below), up 9.3% year on year; achieved insurance service revenue of 59.90 billion yuan, up 7.5% year on year; net profit attributable to shareholders of the parent company was 3.74 billion yuan; included value of RMB 104.06 billion, up 6.4% from the end of the previous year. Sunshine Life's new single-instalment premium revenue was 18.10 billion yuan, up 22.7% year on year; the value of the new business was 3.6 billion yuan, and the comparable caliber increased by 44.2% year on year. Sunshine Financial Insurance's original insurance premium income was 44.24 billion yuan, and the comprehensive underwriting cost ratio was 98.7%.
On March 25, 2024, the board of directors of the company approved the 2023 profit distribution plan resolution and announced the final cash dividend for 2023, amounting to RMB 0.18 per share (tax included), for a total of RMB 2.07 billion.