Xinmei Mutual Life Insurance's net profit in 2024 was 66.72 million yuan, an increase of 16% compared to the previous year.
Recently, the only mutual life insurance institution in the country, Xinmei Life Mutual Insurance Society, disclosed its annual report for 2024, showing a net profit of 66.72 million yuan, a year-on-year increase of 16%, and five consecutive years of profitability. In 2024, the total original insurance premium income reached 6.983 billion yuan, with a net investment yield of 3.72% and a total investment yield of 4.41%. As of December 31, 2024, Xinmei Mutual Life had a membership of 104,507 people and total assets of 54.846 billion yuan, an increase of 27% compared to the previous year.
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