Through the third quarter of 2021 financial report, let's talk about Ping An

With the disclosure of the financial reports of insurance listed companies in the third quarter one after another, everyone can see at a glance who is the real boss in the insurance industry, and there is no doubt that it is Ping An of China.

I wasn't at all surprised by the insurance companies' P&C insurance in the third quarter, because as a member of the industry, I knew very well what kind of problems the whole industry was facing.

At the same time, the financial reports of various listed insurance companies are also in line with the pattern of market competition, which further strengthens my optimism about Ping An.

Today, we only analyze it from the macro level, from the perspective of an insurance agent's industry.

First, from the industry level

Will the insurance industry disappear?

Obviously, this situation will not appear in the next few decades in the old see, and it can also be seen from the country's vigorous promotion of the development of the commercial pension industry this year that the future insurance industry is still an important part of protecting the national economy and people's livelihood.

Second, the number of agents

As the old saying goes, the skinny camel is bigger than the horse, even if the number of Ping An business personnel in China has dropped sharply, it is still the first in the industry, and other companies have also fallen sharply, Ping An is actively reforming, other companies are not easy to say, personally feel that individual companies are still trying to continue the original model, but still declining, what does it mean, everyone's own products.

Third, the quality and age of agents

Why ask this question?

Because the future insurance industry will definitely be a world of young, highly educated, and high-quality talents, who has seen all kinds of incredible chaos in the insurance industry in the banking and securities industry.

In terms of the young age and high education of business personnel, Ping An said second, no one dares to say first, as a 5-year veteran of the industry, this is still very clear. As for why this situation occurs, we will talk about it later.

4. Ping An's platform strategy

This is well understood by everyone, is Ping An of China a simple insurance company?

The answer is obviously no, Ping An Bank, Ping An Securities, Ping An Good Car, etc., it is a platform company.

At the same time, the various sectors are coordinated with each other, which is why Ping An's business personnel can be young and highly educated, while other companies are difficult, because newly graduated college students may survive in Ping An, but they are basically cannon fodder in other companies.

Fifth, the financial level

A previous article specifically analyzed ping an's profit composition, and its insurance income and other income were basically 1:1.

Even if Ping An's insurance business revenue is still the first in the industry, you can think about it, the industry as a whole is not good, will the impact on Ping An and other companies be the same?

By the way, this year, Ping An has accrued tens of billions of Huaxia Happiness investment losses, so now it will be a loss for Huaxia Happiness? In the future, will Ping An raise various losses every year?

Everyone, the benevolent see the benevolent, and the wise see the wise.