According to the solvency report of the first quarter of 2022 released by China South Korea life insurance on April 25, as of March 31, 2022, the company has received new capital contributions paid in currency by Zhejiang Orient Financial Holdings Group Co.Ltd(600120) financial holding group, Zhejiang Changxing financial holding group, Wenzhou state owned Financial Capital Management Co., Ltd., Wenzhou transportation development group, Wenzhou Power Investment Co., Ltd. and Guotai Junan Securities Co.Ltd(601211) Zhengyu Investment Co., Ltd, The total is about 1.818 billion yuan, including 1.501.2 billion yuan of registered capital and 317 million yuan of capital reserve.
According to the announcement, in the first quarter of 2022, China South Korea life insurance achieved an insurance business income of 456 million yuan and a net loss of 64.847 million yuan. At the end of the first quarter, the company's comprehensive solvency adequacy ratio was 122% and the core solvency adequacy ratio was 86%.
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