Rongsheng Property Insurance Co., Ltd. (hereinafter referred to as "Rongsheng P&C Insurance") disclosed its solvency report for the third quarter of 2026 today.
During the first three quarters, Rongsheng P&C Insurance achieved cumulative insurance business income of 2.184 billion yuan, with a cumulative net profit of -16.0134 million yuan. In the third quarter alone, the company recorded insurance business income of 797 million yuan and a single-quarter net profit of -21.7699 million yuan.
As of the end of the third quarter, Rongsheng P&C Insurance had total assets of 4.356 billion yuan and net assets of 651 million yuan. The cumulative return on equity stood at -2.43%, the cumulative return on total assets was -0.53%, the cumulative investment return was 0.96%, and the cumulative comprehensive investment return was 1.04%. The average investment return over the past three years was 2.97%, while the average comprehensive investment return over the same period was 2.99%.
Regarding risk comprehensive ratings, Rongsheng P&C Insurance received a BB rating for both the first and second quarters of 2026.
In terms of solvency, as of the end of the third quarter, both the core solvency adequacy ratio and the comprehensive solvency adequacy ratio of Rongsheng P&C Insurance stood at 299.69%, down from 342.64% in the previous quarter. The actual capital at the end of the quarter was 630 million yuan, a decrease from 652 million yuan at the end of the previous quarter. The minimum capital at the end of the quarter was 210 million yuan, an increase from 190 million yuan at the end of the previous quarter.
On the personnel front, during the reporting period, Xu Hao was appointed as the temporary person in charge of finance for Rongsheng P&C Insurance, while Vice President Wan Zhihua no longer serves as the person in charge of finance.
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