- Business
- Sunshine Insurance Group Company Limited (6963.HK) is a China-based diversified insurance provider principally engaged in life insurance, health insurance, accident insurance, and property and casualty insurance. The company operates through Life Insurance, Property and Casualty Insurance, and Other Businesses segments, offering life, health, and accident insurance products; property and casualty insurance products comprising automobile, accident, short-term health, guarantee, liability, agriculture, and commercial property insurance; credit and guarantee insurance; and asset management services. Founded in 2005 and headquartered in Shenzhen, China, with primary operations in the People's Republic of China, Sunshine Insurance Group employs approximately 48,000 people and maintains subsidiaries including Sunshine Life Insurance Co., Ltd. and Sunshine P&C. Recent developments include the launch of a private fund manager, Sunshine Hengyi (Qingdao) Private Equity Fund Management Co. Ltd., by its subsidiary Sunshine Life in late 2025, with a planned 20 billion yuan investment in a 10-year fund targeting high-dividend assets, high-tech sectors, and countercyclical strategies under a government pilot program; an acquisition of approximately 40% of JC International Finance & Leasing Co. Ltd. for 1.3 billion yuan in November 2024 to expand into equipment leasing; and strong first-half 2025 performance with life insurance new business value surging 47.3% and growth in non-auto insurance premiums, alongside board appointments and strategic shifts toward high-quality development and optimized asset allocation.