Reported 8 months ago
On June 25, 2024, in Taipei, First Insurance (2852) held its shareholders' meeting. With a net profit of 636 million RMB last year and an EPS of 2.11 RMB, the shareholders approved a cash dividend of 1.13 RMB per share, significantly higher than the previous year's 0.72 RMB. The company also improved employee benefits. The company's chairman, Lee Zhenghan, reported to the shareholders that insuring peace is crucial for property insurance operations, and despite losses incurred due to the 0403 Hualien earthquake, the impact on profits this year is limited. The company's operating strategy for this year includes striving for quality and profitable businesses, eliminating high-risk businesses gradually, showing a conservative approach towards wind power and solar energy sectors. The company's total investment income in the first quarter grew by approximately 80%, focusing on domestic markets for asset allocation primarily in fixed deposits, maintaining a balanced allocation between stocks and bonds, with an emphasis on high dividend-generating stocks and bond ETFs to reduce market volatility risks for stable returns. Employee benefits were significantly increased last year, with 50% of staff receiving five months' bonus, including a year-end three-month bonus and a mid-year two-month bonus, surpassing the previous 14-month annual salary. Looking ahead to 2024, the company plans to adopt sustainable development strategies in business operations, such as promoting electric vehicle-exclusive policies, launching comprehensive insurance products for charging stations, and establishing a residential fire insurance electronic information system.
Source: YAHOO