Yingda Taihe Property Insurance Co., Ltd.

Yingda Taihe Property Insurance Co., Ltd. — approved for establishment in 2008, it is a nationwide property insurance company. With strong shareholder strength, it is a directly affiliated unit of State Grid Corporation of China. Under its robust capital strength, following the strategic concept of 'strengthening the power grid, refining auto insurance, specializing in distinctive features, and optimizing the team,' the company has expanded its business rapidly, covering property insurance and internet finance, aiming to become the most professional power-related insurance company globally. After over a decade of development, under the correct leadership of the company's party committee, Yingda Insurance has achieved outstanding results. In 2021, the company actively responded to new situations, new tasks, and new requirements, with a challenging target of 10 billion yuan in premiums. By the end of 2021, the company achieved premium income of 10.596 billion yuan, reaching the highest historical value since its establishment. Since its inception, Yingda Insurance has always been rooted in the main business of the power grid, serving the energy industry, adhering to the development positioning of 'rooted in the main business, serving the industry, strengthening industry through finance, and creating value,' with the strategic policy of 'efficiency first, scale in balance,' focusing on market-oriented development, adhering to legal and compliant operations, and committed to building a brand image of 'insurance expert in the power industry, power expert in the insurance industry.' On the basis of serving shareholders, customers, and society, it has forged a distinctive and professional development path. At the same time, it actively integrates into the broader 'dual carbon' development, exploring and developing green financial insurance products, supporting the development of the real economy and energy transition, fully leveraging the role of insurance as an 'economic booster' and 'social stabilizer,' contributing to the service of 'six stability' and 'six guarantees.' The company has 30 branch companies under its jurisdiction, covering major provinces and cities across the country. Currently, it has multiple regional branches in Beijing, Shaanxi, Hubei, Shanghai, Liaoning, Shandong, Henan, Jiangsu, Sichuan, Hunan, Guangdong, Hebei, Zhejiang, Qingdao, Dalian, Shanxi, Fujian, Heilongjiang, Inner Mongolia, Ningbo, Anhui, Xiamen, Shenzhen, Tianjin, Chongqing, Jiangxi, Xinjiang, Jilin, Gansu, Ningxia, and others. Company honors: In 2009, achieved profitability in the first complete operating year, and has been profitable continuously since its opening. In 2011, in the audit report of SASAC, the company was evaluated as a typical successful case of central enterprises developing finance. In 2014, in the annual research report '2014 China Insurance Company Competitiveness Evaluation Report' authoritatively released by the China Institute for Actuarial Science of the Central University of Finance and Economics, among 49 property insurance companies nationwide, Yingda Insurance ranked 7th in comprehensive competitiveness. In 2017, at the 2017 (9th) Summit of Excellent Competitiveness Finance jointly held by the Chinese Academy of Social Sciences, China Business Journal, and China New Finance Research Institute, Yingda Insurance won the '2017 Excellent Competitiveness Property Insurance Company' award. In 2017, in the governance evaluation inspection of insurance legal institutions covering the entire industry conducted by the China Insurance Regulatory Commission, Yingda Insurance achieved excellent results of 'double first' in the industry. In 2019-2021, it received an 'A' rating from Fitch for three consecutive years. In 2018-2021, it received an A-level performance assessment from State Grid Corporation for the 4th consecutive year. In 2021, it won the 'Ark Award' for '2021 Value Growth Insurance Company'.