During the transition period of the new and old accounting standards, the performance of some non-listed insurance companies fluctuated significantly.

Journalists recently found that as non-listed insurance companies intensively disclosed their annual reports for the year 2024, some non-listed insurance companies have already completed the switch to the new and old accounting standards, providing a glimpse into the quality of the first annual reports of non-listed insurance companies under the new accounting standards. A closer look at the data changes reveals that due to changes in the new accounting standards in terms of revenue breakdown, asset classification, reserve measurement, and liability disclosure, the financial data of non-listed insurance companies more clearly reflect market fluctuations, leading to changes in financial data indicators such as net profit and net assets. Some insurance companies have achieved double-digit growth in net profit or turned losses into profits, while net assets have generally decreased. 2025 is the final year of the transition between the new and old accounting standards, and currently it is in the transitional period of the new and old accounting standards switch. In the view of industry insiders, although the switch between the new and old accounting standards is only an optimization of the financial measurement methods and presentation forms of insurance companies, as various indicators of insurance companies become more transparent and real, it also forces insurance companies to focus more on stability and long-term viability in their operations.