惠誉上调新华保险(01336.HK)评级展望至稳定
评级机构惠誉将新华保险(01336.HK)的保险公司财务实力评级(IFS)展望由负面调整为稳定,并确认财务实力评级为「A」,反映新华保险充足的偿付能力、持续强劲的财务表现及良好的业务状况。
惠誉预期,按目前资产管理策略和产品结构,短期内新华保险将保持良好的经营业绩和稳健的偿付能力缓冲水平。新华保险截至20年度末的综合偿付能力充足率保持在278%,远高於100%的最低监管要求。在新华保险去年5月发行100亿元人民币资本补充债券後,按照惠誉Prism模型衡量,公司截至去年上半年末的风险资本水平仍处於强健等级。
惠誉预期,新华保险将保持良好的营运业绩,虽然新业务价值和新业务价值利润率有所下降,但去年有效业务价值进一步增长,而18年至20年的平均税前资产收益率为1.6%,高於IFS评级处於A区间的寿险公司的指引水平。
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