On October 26, the official website of the China Banking and Insurance Regulatory Commission released the operation data of the insurance industry, the operation data of property insurance companies and the operation data of life insurance companies in the first nine months of 2022.

Data show that in the first nine months of this year, the original insurance premium income of the insurance industry was 3,831.8 billion yuan, up 4.94% year on year; The original insurance payout was 1.48 billion yuan, down 0.97% year on year.

In the first nine months of this year, the original insurance premium income of property insurance companies reached 1,153.3 billion yuan, up by 10.03% year on year; Compensation expenditure was 641.5 billion yuan, up 3.5% year on year.

In the first nine months, the original insurance premium income of life insurance companies was 2,678.5 billion yuan, up 2.89% year on year; The compensation expenditure was 506.5 billion yuan, down 6.1 percent year on year.