Jinwu Financial News | Zhongan Online (06060) announced that the net profit attributable to shareholders of the parent company for the year ended December 31, 2023 was 4,078 billion yuan (RMB, same below). The same period last year was a loss of 1,112 billion yuan, which turned a year-on-year loss into a profit; basic income per share was 2.77 yuan. No dividends.
During the period, the Group's total premiums amounted to 29.685 billion yuan, an increase of 23.66% over the previous year. Total revenue increased by approximately 44.2% to $33.539 billion.
Among them, Health Ecology achieved a total premium of 9.806 billion yuan, an increase of 9.2% over the previous year; Health Ecology had about 19.96 million individual insurance paying users, an increase of 23.6% over the same period last year. In 2023, the comprehensive cost ratio of healthy ecology was 87.2%, down 1.4 percentage points from 2022. The comprehensive payout rate was 34.2%, down 14.8 percentage points from the previous year, mainly due to the increase of 9.8 percentage points to 52.1% compared to 42.1% in the same period last year, and the further application of smart underwriting engines.
The total premium for the digital lifestyle ecosystem was 12.563 billion yuan, an increase of 41.6% over the previous year. During the reporting period, the payout rate for the digital lifestyle ecosystem was about 65.9%, up about 0.2 percentage points from the previous year, and the cost rate was about 33.6%, down about 0.2 percentage points from the previous year, mainly due to the optimization of the product structure and the improvement of costs and expenses.
Furthermore, the total premium for the consumer finance ecosystem was 5.551 billion yuan, an increase of 22.5% over the previous year. The overall payout rate for the consumer finance ecosystem was 68.4%, up 19.9 percentage points from the same period in 2022.
Total premiums for NEV insurance increased by about 196.1% year over year. During the period, the comprehensive cost ratio of the automobile ecosystem was 95.4%, an improvement of 2.0 percentage points over the same period last year. Among them, due to increased user travel, the comprehensive compensation rate increased 5.5 percentage points to 65.1% year on year.