China's compulsory traffic insurance officially broke out in July 2006 and began to be widely implemented in July 2007  As the first statutory compulsory insurance, the overall requirement of the operation of compulsory traffic insurance is to break even  In fact, since its inception in 2007, except for a profit of 760 million yuan in 2008, there have been losses in other years  The cumulative underwriting profit of compulsory traffic insurance is-50 8 billion yuan, and the underwriting profit margin is-3 7%  It was not until 2018 that the 12-and-a-half-year loss situation was reversed  But of the 66 companies that operate compulsory insurance, 40 are profitable and 26 are still losing money
For some insurance companies, compulsory traffic insurance  is a business that not only does not make money, but also loses money for many years, but always insists on not giving up
At present, most companies have made a profit, and I believe that their own companies will also make a profit on this type of insurance in the future.