Core Viewpoint - The five major A-share listed insurance companies in China believe that the current equity market has strategic allocation value, despite market fluctuations and declining interest rates [1][3]. Group 1: Investment Performance - In 2021, the five major insurance companies achieved a total net profit of CNY 215.96 billion, with China Ping An, China Life, China Pacific Insurance, China Property & Casualty, and New China Life reporting net profits of CNY 101.62 billion, CNY 50.92 billion, CNY 26.83 billion, CNY 21.64 billion, and CNY 14.95 billion respectively [2]. - The investment yield for these companies remained around 5%, with New China Life achieving the highest total investment yield of 5.90% and China Property & Casualty having the highest net investment yield at 4.80% [2]. - The successful investment performance is attributed to a "barbell strategy," which involves combining two types of investment products with significantly different styles [2]. Group 2: Market Outlook - Insurance companies see the current market adjustment as a release of risks and an opportunity for long-term investment, with a belief that the equity market is showing strategic allocation value [3]. - The macroeconomic environment in 2022 is expected to support steady growth, providing a solid foundation for the equity market [3]. - Current market valuations are considered relatively low, with major indices like the Shanghai Composite Index and CSI 300 Index below the 30th percentile of their valuations over the past decade [3]. Group 3: Investment Strategy - The focus for future equity asset allocation will be on sectors aligned with national policy directions, such as carbon neutrality, digital economy, and healthcare [4][5]. - Companies are looking to capitalize on structural investment opportunities arising from traditional industries' valuation recovery and emerging strategic sectors like consumption upgrades and technological innovation [4][5]. - There is an emphasis on exploring investment opportunities in the Hong Kong market and diversifying equity investments [5].

伴随年报披露完毕，险企2021年投资收益也浮出水面。数据显示，五家A股上市险企2021年投资收 益率维持在5%上下，成为拉动险企净利润增长的重要渠道。其中，新华保险总投资收益率最高，为 5.90%；中国人保净投资收益率最高，为4.80%。 数据显示，截至2021年末，保险资金运用余额23.2万亿元，其中投资债券9.1万亿元，投资股票2.5 万亿元，投资股票型基金0.7万亿元，权益类资产配置仍有较大提升空间。多家上市险企表示，当下权 益市场已具备战略配置价值，根据其披露信息，碳中和、大健康等赛道有望获得更多关注。 多险企投资收益率高于5% 2021年，五大A股上市险企合计实现归母净利润2159.58亿元，同比降低14.41%。其中，中国平 安、中国人寿、中国太保、中国人保、新华保险分别实现归母净利润1016.18亿元、509.21亿元、268.34 亿元、216.38亿元、149.47亿元。 投资收益仍是险企净利润的重要来源。数据显示，五家险企2021年的投资收益率维持在5%上下。 其中，新华保险总投资收益率最高，为5.90%；中国人保净投资收益率最高，为4.80%。具体来看，中 国人保、中国平安、中国太保、中 ...

Core Viewpoint - Insurance funds are significant institutional investors in the capital market, but the investment yield of major listed insurance companies in A-shares has decreased due to low long-term interest rates and market volatility, with future equity asset allocation expected to focus on sectors like consumption, technology, and new energy [1][2][4]. Group 1: Investment Performance - In the first half of the year, the total investment yield of the five major insurance companies decreased by 15.7% year-on-year, totaling 252.43 billion yuan [2][3]. - The total investment yield rates for the five major insurance companies as of June were: China Life Insurance at 5.5%, China Pacific Insurance at 4.21%, New China Life at 4.2%, China Taiping at 3.9%, and Ping An Insurance at 3.1%, all showing a decline compared to the previous year [2][3]. - The total investment assets of the five major insurance companies reached 13.56 trillion yuan, an increase of 6.57% from the beginning of the year [2]. Group 2: Future Investment Strategy - Insurance companies are optimistic about the strategic value of equity markets in the second half of the year, with expectations of economic resilience and gradual recovery driven by infrastructure investment [4][6]. - The focus for future investments will be on sectors such as consumption, technology, new energy, and healthcare, with a positive outlook on equity investments [6][7]. - Regulatory bodies have encouraged insurance funds to invest more in equity assets, emphasizing the importance of long-term investments to support the real economy [4][5]. Group 3: Investment Principles - Insurance companies are advised to prioritize principles over rigid plans, focusing on asset-liability matching and employing a barbell strategy to balance stable fixed-income investments with riskier assets [7]. - A diversified investment portfolio is recommended to achieve long-term stable returns across cycles [7].

中国太保寿险（以下简称"太保寿险"或"公司"），一家拥有三十余年积淀的大型寿险公司，始终在 转型变革中追寻高质量发展的路径。 关键之一：渠道转型，是2022年"长航行动"深化转型的重中之重。 聚焦个险，公司深入打造职业营销，推动营销队伍向职业化、专业化、数字化方向转型，强 化"芯"基本法推动，推进绩优组织建设，优化招募系统流程，完善训练体系，推动队伍成长。瞩目银 保，太保寿险坚持客户需求导向，遵循银保合作发展规模，打造"芯"银保业务模式。即银保业务聚焦价 值网点、价值产品和高质量队伍，针对不同的战略合作银行以及银行客群特点设计有竞争力的产品。 深化转型在2021年的四五月份也经历了非常艰难的时刻。一方面管理层没有办法深入基层面对面地 与分支机构和营销团队交流，另一方面实施"芯"基本法后，以往将大量资源投入年初的"开门红模式"被 持续性常态化经营所替代，2021年四五月份展业受限对营销员收入影响较大。 锚定跨越式发展，太保寿险顶风行船，持续推进"长航行动"深化转型，驱动发展模式转变，"芯"基 本法稳步推进，业务品质有效提升。尤其是2022年来，公司业务品质管控和业务结构优化，各项经营指 标持续向好。2022年前 ...

日前，2023年中央一号文件发布。在现代农业发展和乡村振兴中，农业保险的作用正得到越来越充 分的发挥。 作为一家负责任的险企，中国太保持续发挥专业优势创新产品服务，科技赋能助力农业生产经营， 农险保障已经覆盖种植业、养殖业、林业等多个领域，推进农业保险扩面、增品、提标，探索农产品价 格指数保险、收入保险，稳步扩大"保险+期货"试点，开发一揽子三农风险解决方案，服务农民、农 村、农业整体风险保障需求……中国太保持续助推乡村振兴的深度和广度，为农业现代化注入了强劲动 能。 助力"种业振兴" 多措并举呵护春耕 近日，中国太保产险苏州分公司成功推出"种业无忧"综合保险保障服务项目，为常熟市种业有限公 司提供了近4000万元的风险保障，为保险助力"种业振兴"提供了有力补充。 长期以来，种业具有投入大、环节多、周期长等特点，在研发育种、制种繁种、生产加工、推广销 售等环节均面临不同程度风险。为了进一步助力种业振兴，中国太保产险苏州分公司积极发挥主业优 势，经过多轮调研考察，围绕种业产业特点及发展需要，探索设计了种业全产业链的一揽子综合保险保 障服务方案。该方案具体包括了"种"无忧、"财"无忧、"运"无忧、"责"无忧、以及 ...

中国太保成立32年来，始终践行"做一家负责任的保险公司"的庄严承诺，勇担责任，回馈社会，从 连续27年的儿福院捐助、全国60多所希望小学的捐建、中华水塔公益林"三江源"的守护、助力脱贫攻 坚"防贫保"的开发，到国家重大自然灾害、突发事故的挺身而出，中国太保以持续的投入向社会传递着 温暖和关爱，用公益之力提高人民群众幸福感。 太保蓝公益基金会作为践行中国太保公益责任的专业平台，在"纯真、好感、利他和长久"的核心价 值观引领下，聚焦认知障碍公益领域，开展了守护记忆为主题的系列公益行动，为推动全社会关注、关 心、关爱认知障碍群体贡献着积极力量。 2022年4月，中国太保旗下太平洋健康险向太保蓝公益捐赠200万元，正式设立"太保蓝星安芯孤独 症专项基金"，用于孤独症儿童及家庭的关心关爱。2023年4月2日，是第16个"世界孤独症关注日"，太 保蓝公益联合多家爱心机构，面向全国发起"星芯的孩子"梦想书画千人公益培养计划，包含梦想书画 包、梦想书画展、梦想书画册、梦想书画班、梦想书画营等系列关爱行动，培养孤独症孩子的书画潜 能，展现他们内心的多彩世界，带动社会更多的爱心力量给予孤独症儿童理解和关爱。 中国太保向全社会发出 ...

为进一步深入践行"金融为民"理念，充分彰显保险行业的服务温度，中国太保寿险山东分公司于8月份在全辖范围内发起"寻找最美代言人"征集活动。此次 活动邀请公司客户、亲身感受过服务的亲历者以及广大市民朋友，分享与中国太保有关的暖心故事，借助真实案例生动展现保险所蕴含的独特价值。 值得一提的是，本次活动创新性地将保险故事与地域文化相结合。山东作为儒家文化发源地，"重信守诺"的精神源远流长，与中国太保"诚信天下"的企业理 念高度契合、相得益彰。活动将深入挖掘具有鲜明齐鲁特色的保险故事，通过这些故事展现齐鲁儿女与中国太保之间深厚的情谊，以及在诚信、责任等方面 的共同追求。 业内人士指出，此类活动通过真实客户故事的生动讲述，有力传递保险的价值，不仅极大地增强品牌的亲和力，让保险品牌更加贴近民众，也显著提升公众 对保险的认知和理解。这无疑是金融企业积极践行社会责任的一次有益尝试，为行业发展树立了良好的榜样。 联邦提 FB 版事項 6 详情请联系您的保险规划师 活动精心设置了三大主题，旨在更好地服务广大市民，全方位展现保险让生活更加美好的深刻价值与意义。其中，"保单类"主题聚焦于客户与中国太保之间 因保单而产生的故事；"服务类 ...

Core Viewpoint - The five major listed insurance companies in A-shares have distributed a total of 90.789 billion yuan in cash dividends for the year 2024, reflecting a year-on-year growth of 20.21%, indicating the industry's overall profitability and the increasing emphasis on investor returns under policy guidance [2][3]. Summary by Sections Dividend Distribution - The five major insurance companies have completed their dividend distributions for 2024, with a total payout of 90.789 billion yuan, marking a 20.21% increase from the previous year [2]. - New China Life Insurance's dividend plan stands out, with a cash dividend of 1.99 yuan per share, totaling 6.208 billion yuan, and a combined cash dividend of 7.893 billion yuan for 2024, showing a nearly 200% year-on-year increase [3]. - China Pacific Insurance distributed a cash dividend of 1.08 yuan per share, totaling 10.39 billion yuan, contributing to the overall dividend total of 86.318 billion yuan for the five companies [5]. Profitability and Financial Performance - The five major insurance companies reported a total investment income of 796.92 billion yuan for 2024, a year-on-year increase of 113.91%, and a net profit attributable to shareholders of 347.6 billion yuan, up 77.72% [5]. - The strong profitability provides a solid financial foundation for the increased dividends, with companies like Ping An maintaining a stable profit and market share, allowing for consistent shareholder returns [6]. Regulatory Environment and Strategic Implications - The implementation of the new "National Nine Articles" and the "Market Value Management Guidelines" has reshaped the dividend logic of insurance companies, linking dividend distributions to controlling shareholder reductions and refinancing access [2][7]. - The regulatory environment encourages companies to increase the frequency of dividends, which aligns with the policy direction and helps maintain a balance between dividend payouts and business development [2][6]. Divergence in Dividend Strategies - There is a notable divergence in dividend strategies among the five major insurance companies, with Ping An achieving a 13-year consecutive growth in dividends, while New China Life's dividends surged nearly 200% [5][6]. - The differences in dividend strategies may stem from varying short-term performance and long-term strategic positioning, with mature companies focusing on higher dividends and growth-stage companies prioritizing business expansion [6][8]. Challenges and Future Considerations - Despite the high growth in mid-term dividends, concerns about sustainability arise due to market competition and declining interest rates, which may necessitate a balance between dividends and capital adequacy [7][10]. - To transition mid-term dividends from an "encouragement policy" to a "common practice," further institutional support is needed, including tax incentives for long-term shareholders and improved profit adjustment mechanisms [9][10].

证券代码：601601 证券简称：中国太保 公告编号：2025-040 中国太平洋保险（集团）股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 股东大会召开日期：2025年8月29日 ? 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 一、 召开会议的基本情况 (一) 股东大会类型和届次：2025年第一次临时股东大会 召开的日期时间：2025 年 8 月 29 日 13 点 30 分 召开地点：上海市徐汇区田林路 201 号中国太平洋保险（集团）股份有限公司 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 8 月 29 日 至2025 年 8 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大 会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台 的投票时间为 ...

中国太平洋保险（集团）股份有限公司 会议材料 中国太平洋保险（集团）股份有限公司 中国太平洋保险（集团）股份有限公司 一、会议时间：2025 年 8 月 29 日（周五）下午 13：30 二、会议地点：上海市徐汇区田林路 201 号中国太平洋保险（集团） 股份有限公司 三、会议主持人：傅帆董事长 议程内容 一、宣布会议开始及会议议程 二、审议议案： 监事会相关事项的议案》 程>的议案》 东会议事规则>的议案》 事会议事规则>的议案》 有限公司第十届董事会非执行董事的议案》 有限公司第十届董事会独立非执行董事的议案》 三、回答股东提问 四、宣布出席会议股东及股东代理人人数、代表股份数 五、投票表决 六、宣布表决结果 七、宣布会议结束 中国太平洋保险（集团）股份有限公司 文 件 之 一 关于中国太平洋保险（集团）股份有限公司不再设立 监事会相关事项的议案 各位股东： 根据《中华人民共和国公司法》（简称"《公司法》"）、 中国证券监督管理委员会《关于新〈公司法〉配套制度规则实施 相关过渡期安排》及修订后的《上市公司章程指引》、国家金融 监督管理总局（简称"金融监管总局"）《关于公司治理监管规 定与公司法衔接有关事项 ...