From the perspective of the whole industry, the average comprehensive payout ratio of Shanghai property insurance and health insurance is 59.39%, the comprehensive expense ratio is 40.74%, and the comprehensive expense ratio is 100. 13%.
The comprehensive cost ratio reflects the underwriting profitability of property insurance companies. The lower the comprehensive cost ratio, the stronger the profitability of property insurance companies. When the comprehensive cost ratio is 100%, it means that revenue and expenditure are equal, and there is no underwriting profit or underwriting loss. Up to now, 82 property insurance companies have released solvency reports for the third quarter. According to the statistics of beijing business today today, among the 82 property insurance companies, the comprehensive cost ratio of 47 property insurance companies is higher than 100%, which means that nearly 60% of the property insurance industry has suffered losses in underwriting business, and most of these 47 property insurance companies are small and medium-sized property insurance companies. Among them, COSCO Shipping Self-insurance Company and other two companies exceeded 200%. The comprehensive cost ratio of seven companies including Fude Property Insurance exceeds 130%.