PDF《董事长报告》

Chairman'

s Statement 董事长报告

6 Taiping Reinsurance Company Limited Annual Report

2012 引言 再保险业经历二零一一年饱受连串特大巨灾 事故冲击后,二零一二年对再保险业而言是机 遇与挑战并存的一年;

对太平再保险有限公司 (以下简称 「太平再保险」 ) 而言,受二零一一 年泰国水灾赔款在二零一二年初迅速恶化的 拖累,整体经营管理工作充满挑战.

但受惠中 国太平保险集团 (以下简称 「集团」 ) 作为强大 后盾的大力支持,太平再保险凭著稳健的财务 实力底蕴和丰厚的经营管理智慧,成功实现扭 亏为盈的目标,业绩令人欣喜. SYNOPSIS Having suffered tremendous shocks from a chain of catastrophe events during 2011,

2012 ( the Year ) witnessed both opportunities and challenges for the reinsurance industry. With strong support of China Taiping Insurance Group (the Group ), Taiping Reinsurance Company Limited ( TPRe ) achieved an inspiring turnaround back to profit-making as a result of its sound financial standing and properly executed strategy, even though the unexpected sharp deterioration of the

2011 Thai flood claims during the 1st half year of the Year posed challenges to the company, and hampered the underwriting result. Meng Zhao Yi Ph.D. 孟昭亿博士 Chairman 董事长

7 太平再保险有限公司 二零一二年年报 Chairman'

s Statement (Continued) 董事长报告 (续) 二零一二年以来,环球经济受惠於各主要经 济体的量宽政策缓慢复苏,富余的资金流入 再保场寻找机会,再保险场因供应过剩 变得软,竞争加剧,形势复杂.但在逆势 中,太平再保险全面贯彻集团 「争先进位、跑 赢大」 的要求,坚持各项工作狠抓实干到 位,稳步快速推进,以高昂的士气和不懈的努 力,致力提升实力,积极面对场不断变化带 来的新机遇和新挑战. 二零一二年度业绩概述 二零一二年太平再保险扭亏为盈,实现经营溢利净额1.1208亿港元 (二零一一年 (重列) :亏损4,186万港元) ,公司仅用一年时 间就走出二零一一年首次录得亏损的阴霾, 迅速恢复盈利.成功扭亏为盈的主要原因: 一是年内加强承保风险的控制,承保质量和 业绩明显提升;

二是太平再保险参与度较高 的亚洲核心场没有出现重大的巨灾索赔;

三是投资收入理想.此等利好因素有效缓解 二零一一年泰国水灾索赔於二零一二年上 半年急剧转坏带来的压力.二零一二年的综 合成本率为106.9% (二零一一年 (重列) : 103.9% ) . Due to quantitative easing policies being carried out in major economies, global economy was slowly recovering in 2012. Excessive capital funds flowed into the reinsurance industry, triggering a more complex and competitive market environment with excess supply. However, with unwavering spirit and efforts dedicated to enhancing its competitiveness and striving after the Group'

s doctrine of outperforming the market and peers , TPRe proactively confronted challenges and vigorously pursued opportunities which were brought about by the changing market. SNAPSHOTS OF

2012 OVERALL RESULT The operating result of TPRe for the Year has turned around, with net profit after tax of HK$112.08 million (2011 (restated): loss of HK$41.86 million), representing a swift return to profit for TPRe after its first ever loss year of 2011. The turnaround was mainly due to reinforced underwriting risk controls resulting in better business quality and performance, absence of major catastrophe claims in its core Asian markets and strong investment income. These positive factors effectively offset the impact of the underwriting deficit solely caused by the sharp deterioration of