Abstract

Ping An and Ren Shou have always been the two leading players in China’s life insurance industry. Ping An, founded in 2002 as a private enterprise, has been continuously improving its life insurance to try to surpass Ren Shou, which was established in 1996 as a state-owned enterprise. Losing the advantage of starting capital amount and experience, the best way for Ping An to surpass Ren Shou is to enhance its capital operation efficiency. This paper takes the capital utilization efficiency of Ping An as the main study object compared to that of Ren Shou to give suggestions for the use efficiency of funds. The DEA was used to analyze the data of investment income, operating income, management expenses etc. of the two companies from 2006 to 2021. The operating results showed that fund-using of Ping An was less efficient than that Ren Shou. According to the results, the recommendations given are to improve pure technical efficiency, expand the size of the company, and establish a money management company.

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