8月28日，中国人保总裁赵鹏在该公司2025年中期业绩发布会上表示，"十四五"以来的4个完整年度里，人保集团的A股、H股和人保财险的H股三 只股票累计涨幅均大幅跑赢同业、跑赢大盘。今年以来，公司股价涨势延续、屡创新高，这是多重因素共同作用的结果。 赵鹏指出，从公司的角度来看，主要有三个方面的原因： "展望未来，我们将一如既往地高度重视市值管理工作，巩固提升市值管理的三种能力，用能力增长推动估值空间的提升。"赵鹏说道，第一是稳 健增长的能力，好的股价离不开好的业绩，公司将保持战略定力，持续提升公司面临各种风险挑战时的经营韧性，平缓业绩波动，用业绩长期向 好的确定性，筑牢市值增长的根基。第二是市场沟通能力，将进一步做好投资者关系工作，通过业绩发布会、管理层路演、投资者开放日等活 动，持续加强与资本市场的沟通力度，让公司高质量发展成果源源不断转化为市场认可的投资价值。第三是股东回报能力，将以每股分红长期稳 定增长为核心，同时兼顾新旧准则下分红比例和股息率的分红政策，以期向股东提供持续稳定可预期的回报。 二是发展环境不断改善，有效促进保险业发展行稳致远。近年来，监管机构引导保险业回归本源，全面提升保险业的保障能力和服 ...

Core Viewpoint - The regulatory authorities are guiding the insurance industry to establish a long-term assessment mechanism, which is based on a deep understanding of the characteristics of the insurance sector, aiming for a more comprehensive evaluation of insurance company performance and reducing short-term volatility interference [1] Group 1 - The long-term assessment mechanism will promote insurance companies to focus more on operational stability and sustainability [1]

Core Viewpoint - China Life Insurance is committed to enhancing its equity investment strategies and will focus on high-quality targets that align with national strategies and demonstrate stable long-term performance and growth potential [1] Group 1 - The company plans to continuously enrich its equity investment methods [1] - There will be an increased emphasis on research and preparation for high-quality investment targets [1] - The company intends to invest more aggressively through shareholding and strategic investments in suitable targets [1]

Core Insights - China People's Insurance Group Co., Ltd. reported strong performance for the first half of 2025, achieving significant growth in various financial metrics [1] - The company emphasized high-quality development, with a comprehensive cost ratio for property insurance at 95.3%, the best level in nearly a decade [1] - The total investment income reached 415 billion yuan, marking a historical high for the same period [1] Financial Performance - The group achieved a net profit of 359 billion yuan, also a historical high for the same period [1] - Premium income totaled 4,546 billion yuan, representing a year-on-year growth of 6.4% [1] - Life insurance premium income grew by 13.8% to 1,312 billion yuan, while property insurance premium income increased by 3.6% to 3,233 billion yuan [1] Business Segmentation - The proportion of life insurance premium income in overall premium income increased by 1.9 percentage points [2] - The personal non-auto insurance premium income grew by 16.6%, outpacing the overall premium income growth by 13 percentage points [2] - The first-year premium income for life insurance reached a historical high, with health insurance premium income surpassing 40 billion yuan for the first time [1][2] Investment and Asset Growth - Investment assets exceeded 1.7 trillion yuan as of June 30, 2025, reflecting a 7.2% increase since the beginning of the year [1] - The company reported a green investment scale of 1,404 billion yuan, up 13.6% year-on-year [5] Strategic Initiatives - The company established the first national center for technology achievement and intellectual property evaluation [5] - It provided risk coverage for 6.16 million new energy vehicles, a 36.8% increase year-on-year [5] - The company is advancing digital financial planning and has launched the first generative AI content liability insurance in the country [5]

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，中国人保总裁赵鹏表示，下 一步，中国人保将锚定一流，做成长板，补齐短板，进一步强化自身的竞争优势。 赵鹏介绍，一是重点围绕新质生产力领域、人口结构变化以及企业走出去等方面的保障需求变化，培育 更多保险新供给。二是持续在提升质量、优化结构中提升经营绩效，坚持高质量发展硬道理，巩固提升 承保能力，实现投资收益率领先行业，切实提升公司的投资价值和股东回报能力。三是持续拥抱变革， 强化科技能力，顺应当前大模型等技术变革的趋势，完善科技治理，建强科技队伍，强化自主研发能 力，启动西部数据中心一期建设，进一步提升科技基础能力。四是持续防控风险，守住底线，保持健康 发展。也将统筹好稳增长与防风险，统筹好资产与负债管理，增强巨灾风险应对能力，加强内部体系建 设，进一步强化风险管理的三道防线。 ...

Core Insights - China Pacific Insurance announced its long-term stock investment strategy focusing on A-shares, emphasizing stable returns and long-term investment value [1] Investment Strategy - The investment strategy will primarily target A-shares, highlighting the importance of long-term investment value and return stability [1] - The strategy will focus on high-quality targets with development potential while ensuring effective risk management [1] - The goal is to achieve long-term stable returns through careful investment selection and risk control [1]

北京商报讯8月28日，在中国人保2025中期业绩发布会上，谈及各行各业"反内卷"，中国人保副总裁、 人保财险总裁于泽表示，"反内卷"从客户端来讲，保险的需求回归理性，为财产行业的市场秩序规范和 理性营造良好的外部环境。 从保险行业角度，于泽分析，将有利于行业转型升级和内涵发展，引导各个市场主体将资源重点从原来 的比价格、拼规模、抢份额，向产品和技术创新的方向转变，集中精力研发保险技术，提升服务能力， 减少非理性投入和盲目竞争，实现良性的高质量发展。 （文章来源：北京商报） ...

Group 1 - The core viewpoint of the article highlights that China Pacific Insurance's stock price has reached new highs due to three main reasons [2] - The first reason is the high-quality development of China's economy and society, which presents historical opportunities for the insurance industry [2] - The second reason is the continuous improvement of the development environment, with regulatory bodies guiding the insurance industry to return to its core functions and enhance its capacity for protection and service levels through various policy measures [2] - The third reason is the sustained improvement in the company's fundamentals, leading to a significant enhancement in its value creation capabilities [2]

Core Viewpoint - Bank of America Securities reports that China People's Insurance Group (01339) achieved a 14% year-on-year increase in net profit for the first half of the year [1] Group 1: Financial Performance - The company experienced stable premium growth, with property and casualty insurance business increasing by 4% year-on-year [1] - The combined expense ratio decreased to 94.8% [1] - The new business value for life insurance grew by 27% to 8.8 billion RMB [1] Group 2: Earnings Forecast and Target Price - Bank of America has raised its earnings forecast for the company for 2025 to 2027 by 1% to 10%, reflecting higher investment income assumptions and expectations for property and casualty insurance revenue [1] - The target price for the company has been increased by 7%, from 6.6 HKD to 7 HKD, while maintaining a "Neutral" rating [1]

从资金流向上来看，当日保险板块主力资金净流出3.56亿元，游资资金净流入1.19亿元，散户资金净流入 2.37亿元。保险板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601319 中国人保 | | 4868.47万 | 5.49% | 1812.38万 | 2.04% | -6680.86万 | -7.54% | | 601628 中国人寿 | | -5101.96万 | -4.73% | 5108.35万 | 4.74% | -6.39万 | -0.01% | | 601601 中国太保 | | -8045.81万 | -7.31% | 2581.18万 | 2.34% | 5464.63万 | 4.96% | | 601318 中国平安 | | -1.26亿 | -3.36% | 1861.92万 | 0.50% | 1.07亿 | 2.87% | | 601336 新华保险 | ...