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Currently, the major insurance asset management companies have all released their 2022 annual reports.

According to statistics, the total revenue of 31 insurance asset management companies in 2022 was 32.723 billion yuan, a year-on-year decrease of 10.4%; the total net profit was 14.118 billion yuan, a year-on-year decrease of 7.2%. This is also the second consecutive year of overall decline in the performance of insurance asset management.

The average return on equity (ROE) of the 31 insurance asset management companies in 2022 was 16.61%, a decrease of 2 percentage points from the overall level in 2021.

However, there was some differentiation in the performance of each insurance asset management company, resulting in changes in revenue and profit rankings compared to the previous year.

From the perspective of asset management scale, the development of insurance asset management companies is still relatively fast.

In 2022, the total net profit of the 31 insurance asset management companies was 14.118 billion yuan, of which 29 were profitable and 2 were loss-making.

In terms of profitability, four institutions are still the only ones in the industry with profits of over 1 billion yuan, giving them a certain advantage in profitability.

Among them, Ping An Asset Management had the highest profit in 2022, achieving a net profit of 2.969 billion yuan, a year-on-year increase of 22.7%.

This is also the first time in two years that Ping An Asset Management has returned to the top of the insurance asset management institution profit list. Ping An Asset Management was the most profitable insurance asset management company in both 2018 and 2019.