一、同意中国人民财产保险股份有限公司武隆支公司仙女山营销服务部将营业场所变更为：重庆市武隆 区凤山街道城东村石蛇坝组13号。 二、中国人民财产保险股份有限公司应按照有关规定及时办理变更及许可证换领事宜。 中国财险 分时图 日K线 周K线 月K线 18.92 0.70 3.84% 8.67% 5.76% 2.91% 0.00% 2.91% 5.76% 8.67% 16.64 17.17 17.69 18.22 18.75 19.27 19.80 09:30 10:30 12:00/13:00 14:00 16:10 0 71万 142万 213万 2025年8月21日，国家金融监督管理总局涪陵监管分局发布批复称，《中国人民财产保险股份有限公司 重庆市分公司关于下辖武隆支公司仙女山营销服务部变更营业场所的请示》（渝人保财险发〔2025〕 127号）收悉。经审核，现批复如下： ...

Core Viewpoint - China Life Insurance aims to leverage macroeconomic stability and growth opportunities in the second half of the year, focusing on strategic consistency and core business responsibilities to drive high-quality business development [1] Group 1: Business Strategy - The company will continue to implement the "one main and multiple" channel development strategy, enhancing value contribution from various channels [1] - There will be a focus on optimizing business structure, increasing sales of protection-type products and long-term payment products, particularly emphasizing annuity insurance and whole life insurance as high-value products [1] Group 2: Operational Efficiency - The company is committed to deepening "cost reduction and efficiency enhancement," strengthening cost control, and improving management precision and input-output efficiency [1] - Efforts will be made to optimize resource allocation efficiency and enhance operational support service capabilities, aiming to comprehensively improve business quality and efficiency [1] Group 3: Business Performance Goals - The goal is to achieve a steady increase in the new business value rate for the entire year while maintaining a stable scale [1]

北京商报讯（记者 李秀梅）8月28日，在中国人保2025中期业绩发布会上，中国人保副总裁、人保寿险 总裁肖建友表示，人保寿险2025年上半年公司新业务价值率可比口径下同比提升4.0个百分点，期交业 务新业务价值率可比口径下同比提升7.1个百分点。新业务价值率同比上升主要有两方面原因：一是公 司主动优化业务结构，压缩趸交高成本业务规模，同时注重期交业务的发展，上半年首年期交规模保费 同比增长25.5%；二是公司积极推进降本增效，下调产品预定利率，严格落实"报行合一"，压降费用成 本，多措并举实现经营提质增效，推动产品新业务的价值率提升。 ...

Group 1 - The core viewpoint is that China Life Insurance has observed an increase in investment in high-dividend stocks among peers, indicating a trend towards enhancing investments in OCI (Other Comprehensive Income) stocks [1][3] - The investment in high-dividend stocks is characterized by high dividend yields, which can positively contribute to stabilizing overall investment returns amid declining interest rates and traditional fixed-income asset yields [3] - China Life Insurance has increased its investment in OCI stocks by 60.7% this year, achieving returns that outperformed the CSI 300 Dividend Index by 7.8 percentage points [3] Group 2 - The company plans to enrich equity investment strategies and increase research reserves for high-quality targets that align with national strategic directions and demonstrate strong growth potential [3] - Future investment strategies may include actions such as stake acquisitions, participation in private placements, and strategic investments to enhance collaboration with invested companies, promoting synergy between investment and insurance operations [3]

Core Viewpoint - The implementation of "reporting and execution in one" for non-auto insurance is expected to significantly improve the comprehensive cost ratio of the company and the non-auto insurance industry by regulating property insurance business and controlling premium collection risks [1] Group 1: Policy Implementation - The China Insurance Regulatory Commission has been soliciting industry opinions on the "reporting and execution in one" policy since March, with plans for it to be implemented in the fourth quarter of this year [1] - The policy aims to standardize non-auto insurance business, urging insurance companies to strictly adhere to reported insurance terms and premium rates [1] Group 2: Impact on the Industry - The anticipated policy is expected to have a limited impact on the overall annual performance but is projected to significantly enhance profitability in the non-auto insurance sector by 2026 [1] - The implementation is seen as a means to reduce costs and improve efficiency within the property insurance industry, ultimately benefiting public welfare and the real economy [1]

Core Viewpoint - China Pacific Insurance (CPIC) reported robust growth in its operating performance for the first half of 2025, achieving multiple historical highs in key performance indicators, reflecting its strengthened comprehensive strength [1]. Group Overview - The group achieved a consolidated net profit of 35.9 billion yuan, a record high for the same period; total assets reached 389.5 billion yuan, also a record; the comprehensive cost ratio for property insurance was 95.3%, the best level in nearly a decade; new business value for life insurance was 8.8 billion yuan, a historical high; total investment income was 41.5 billion yuan, marking a historical peak [5][4][10]. Property Insurance Performance - In the first half of 2025, CPIC's property insurance segment reported original insurance premium income of 32.33 billion yuan, a year-on-year increase of 3.6%, maintaining a market share of 33.5%; insurance service income was 249 billion yuan, up 5.6%; net profit reached 23.5 billion yuan, a 34.4% increase [9][10]. - The comprehensive cost ratio improved to 95.3%, down 1.5 percentage points year-on-year, achieving the lowest level in nearly a decade; underwriting profit was 11.7 billion yuan, up 53.5% [12]. Auto Insurance Insights - The auto insurance business maintained steady growth, with original premium income of 14.41 billion yuan, a 3.4% increase; the comprehensive cost ratio for auto insurance was 94.2%, down 2.2 percentage points, leading to an underwriting profit of 8.7 billion yuan, a 67.7% increase [15][13]. Non-Auto Insurance Growth - Non-auto insurance business saw original premium income of 179.2 billion yuan, a 3.8% increase; the comprehensive cost ratio was 97.0%, down 0.3 percentage points, with underwriting profit of 3 billion yuan, up 23.0% [17][19]. Life Insurance Performance - CPIC's life insurance segment achieved insurance service income of 14 billion yuan, a 32.5% increase; original premium income was 90.5 billion yuan, up 14.5%, with a significant improvement in business structure [22]. - New business value reached 5 billion yuan, a year-on-year increase of 71.7%, indicating a positive trend in business quality [23]. Health Insurance Developments - The health insurance segment reported premium income of 40.7 billion yuan, a 12.2% increase; new business value was 3.8 billion yuan, up 51.0%, reflecting significant value creation [28][29]. Investment Performance - As of June 30, 2025, CPIC's investment scale reached 1.76 trillion yuan, a 7.2% increase; total investment income was 41.5 billion yuan, up 42.7%, with a total investment return rate of 5.1%, an increase of 1.0 percentage points [35][36]. Future Outlook - In the second half of 2025, CPIC aims to focus on high-quality development, enhancing service capabilities, maintaining operational momentum, and ensuring risk control to achieve its annual goals [39].

智通财经APP获悉，美银证券发布研报称，中国人民保险集团(01339)上半年净利润同比升14%。公司保 费稳定增长，财产与意外伤害保险业务同比增长4%，综合开支比率降至94.8%。寿险的新业务价值同比 增长27%至88亿元人民币。该行上调人保2025至27年的盈测1至10%，以反映较高的投资收入假设及财 产和意外伤害保险收入预期。该行又将公司目标价上调7%，由6.6港元升至7港元，重申"中性"评级。 ...

Core Viewpoint - China Pacific Insurance aims to balance dividend distribution with maintaining capital strength to enhance underwriting capacity and sustainable development [1] Group 1: Dividend Strategy - The company plans to reserve certain funds during dividend distribution to ensure capital strength [1] - The focus is on achieving long-term stable growth in dividends per share while considering the dividend ratio and yield under both old and new standards [1] - The goal is to enhance profitability to provide continuous and predictable returns to investors [1] Group 2: Long-term Value Creation - The company emphasizes creating long-term value for shareholders and sharing the benefits of its development with investors [1] - There is a commitment to improving the company's investment value over time [1]

Core Viewpoint - The stock prices of China Insurance Group and China Insurance Property & Casualty have reached new highs this year due to multiple factors, including the high-quality development of the Chinese economy, improving development environment, and the company's strong fundamentals [1] Group 1: Economic Factors - The high-quality development of the Chinese economy has created historic opportunities for the insurance industry, providing a solid foundation for the company's stock price increase [1] - The continuously improving development environment effectively promotes the stable and long-term growth of the insurance industry, which supports the rise in the company's stock price [1] Group 2: Company Fundamentals - The company's fundamentals have shown continuous improvement, with a significant enhancement in value creation capabilities, which serves as a key support for the increase in stock price [1]

今日在2025年中期业绩发布会上，对于今年以来中国人保股价上涨情况，中国人保副董事长、总裁赵鹏 表示，这是多重因素共同作用的结果。一是我国经济社会的高质量发展，为保险业带来了历史性的发展 机遇。二是发展环境不断改善。三是人保基本面持续向好，价值创造能力显著增强。展望未来，人保将 继续高度重视市值管理工作，同步提高市值管理的关于稳健增长、市场沟通等能力，用能力增长，推动 估值空间提升。 ...