Huatai Insurance Holdings Limited, renamed from Huatai Property Insurance Co., Ltd., is the first national joint-stock property insurance company in China. Established by 63 large enterprises and enterprise groups in Beijing on 1996. At present, its registered capital is RMB 3,042.6 million. The company carries out five types of insurance, including auto insurance, property loss, liability insurance, water insurance and accidental injury/health insurance, and has branches in more than 60 cities across the country. By the end of 20 10, the company had total assets of14.779 billion yuan and net assets of 4.907 billion yuan. Since its establishment, its solvency adequacy ratio has been more than five times the standard set by the China Insurance Regulatory Commission.
Huatai Property Insurance Co., Ltd. is the first national joint-stock property insurance company in China. It officially opened in Beijing on August 29th, 1996. The registered capital of the company is138.3 billion yuan. More than 50 shareholders are large enterprises and enterprise groups with strong strength, large scale and good benefits, covering finance, petroleum, electric power, metallurgy, coal, chemical industry, aviation and shipbuilding. The company carries out four types of insurance business: property loss, liability, accidental injury and health, and is still developing credit insurance products, covering many fields of the national economy and people's livelihood. By 2008, the company had branches in nearly 60 cities across the country, forming a nationwide business layout.
In May, 2002, American ACE Group, a world-famous insurance group, invested in Huatai, which brought advanced business philosophy and global business support network to Huatai. In 2005, Huatai Asset Management Company and Huatai Life Insurance Company, with Huatai Property Insurance Company as the main investors, opened, marking a solid step for Huatai on the road to collectivization. After several years of development, Huatai Asset Management Company and Huatai Life Insurance Company have become outstanding enterprises with strong competitiveness in the industry.