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| Research on development potential ofagricultural insurance supplies—Based on the comparison of business performance andinvestment performance of insurance companies |
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| Abstract: |
| Abstract：According to the proportion of agricultural insurance premiums，the agricultural insurance companies
were classified into three types，including professional agricultural insurance companies，comprehensive agricultural
insurance companies and foreign agricultural insurance companies. Based on the improved Dupont financial analysis
method in the financial management field，we decomposed the traditional return on equity（ROE）into two parts：
the operating ROE and the investment ROE，to calculate operating performance and investment performance of these
insurance companies. The results showed that Chinese agricultural insurance companies were in a state of profiting under
the support of central and local governments’ financial subsidies. Professional agricultural insurance companies，facing
the lower investment ROE，over-depended on the fiscal subsidies. Accordingly，the government should change the
existing“ one-size-fits-all” subsidy model to establish the subsidy mechanism for agricultural insurance companies on
the base of performance evaluation. |
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