China United Property Insurance Co., Ltd. Guangdong Branch

Introduction to Guangdong Branch of China United Property Insurance: China Insurance, full name China United Insurance Group Co., Ltd., is the only insurance group company in China named with "China" as its title, with its headquarters in Beijing. Its predecessor was the Xinjiang Production and Construction Corps Agricultural and Animal Husbandry Production Insurance Company, established in July 1986, making it the second state-owned insurance group with independent legal person status in China. Currently, the main shareholders of China Insurance include China Orient Asset Management Co., Ltd., Liaoning Chengda Co., Ltd., and CRRC Corporation Limited. In 2022, the group's subsidiary, China United Property Insurance Co., Ltd. (referred to as "China United Property"), achieved premium income of 60.319 billion yuan, ranking fifth in the property insurance market in terms of premium scale, with agricultural insurance business scale ranking second nationwide and policy health insurance business ranking third in the property insurance market. The company has repeatedly won honors such as "Asia's Top 500 Brands," "China's Top 500 Most Valuable Brands," "Model of Social Responsibility," "Excellent Property Insurance Company," "Best Agricultural Insurance Service Property Insurance Company of the Year," and "Annual Technology Innovation List." Fitch Ratings has consecutively awarded the company an "A-" financial strength rating with a stable long-term outlook for six years. Guangdong Branch of China United Property opened on April 18, 2003, and is one of the top five property insurance companies in Guangdong Province. It has 188 subordinate institutions, 100% coverage of prefecture-level city institutions, and a staff of nearly 2,700 people. The company primarily operates motor vehicle insurance, agricultural insurance, enterprise property insurance, family property insurance, engineering insurance, marine insurance, cargo transportation insurance, liability insurance, credit guarantee insurance, as well as short-term health insurance and accident insurance. Over the past two decades since its opening, Guangdong Branch has provided various risk protections of over 71 trillion yuan to all sectors of society, contributed nearly 4 billion yuan in taxes and profits cumulatively, and won honors including the Financial Innovation Award from the Guangdong Provincial People's Government, Guangdong Provincial "May 1st Labor Medal," Team Championship in Guangdong Insurance Service Competition, First Prize in the Team Category of Guangdong Financial Technology Vocational Skills Competition, "Industry Development Promotion Award" and "Online Popularity Award" at the Guangdong Automobile Circulation Association Summit Forum, Guangdong Excellent Automobile Financial Service Provider, "Top Ten Inclusive and Green Finance Award" among Guangdong Finance Hundred Excellence Awards, "Advanced Unit for Education and Training in Guangdong Insurance Industry," "National Advanced Unit for Epidemic Prevention and Control," and "Guangdong Contract-abiding and Credit-worthy Enterprise." Looking ahead, Guangdong Branch of China United Property will aim for sustainable and high-quality development, practice the core values of "execution first, customer-centric, struggle-based, performance-oriented, loyalty and dedication, and preference for compound talents," create new momentum, achieve new leaps, and stride forward toward the goal of building a "system-leading, industry-first" provincial branch.