Core Viewpoint - Southbound funds have reduced their holdings in China People's Insurance Group (01339.HK) by 6.541 million shares on February 11, with a total net reduction of 16.814 million shares over the past five trading days and 35.9961 million shares over the last 20 trading days [1] Group 1: Shareholding Changes - Southbound funds have reduced their holdings in China People's Insurance Group for 5 out of the last 5 trading days, totaling a net reduction of 16.814 million shares [1] - Over the past 20 trading days, southbound funds have reduced their holdings for 16 days, resulting in a cumulative net reduction of 35.9961 million shares [1] - As of now, southbound funds hold 2.508 billion shares of China People's Insurance Group, accounting for 28.74% of the company's total issued ordinary shares [1] Group 2: Company Overview - China People's Insurance Group is a holding company primarily providing insurance products [1] - The company and its subsidiaries are engaged in various insurance sectors, including property insurance, health insurance, life insurance, reinsurance, Hong Kong insurance, and pension insurance [1] - Property insurance includes products for both companies and individuals, such as motor vehicle insurance, agricultural insurance, property insurance, and liability insurance [1] - Health insurance encompasses health and medical insurance products [1] - Life insurance includes various life insurance products, such as participating, whole life, annuity, and universal life insurance [1] - Hong Kong insurance involves property insurance operations in Hong Kong [1] - Pension insurance includes corporate annuities and occupational annuities [1]

人保安和定开累计收益率 截至2026年1月22日最后一次披露净值日，人保安和定开的累计单位净值为1.0851元，累计收益率为 8.51%。 中国经济网北京2月11日讯 今日，中国人保资产管理有限公司发布人保安和一年定期开放债券型发起式 证券投资基金清算报告。 报告称，人保安和一年定期开放债券型发起式证券投资基金基金合同于2022年12月16日正式生效。 根据《中华人民共和国证券投资基金法》、《公开募集证券投资基金运作管理办法》等法律法规的规定 和《基金合同》的有关约定，基金管理人于2025年12月19日发布《关于以通讯方式召开人保安和一年定期开 放债券型发起式证券投资基金基金份额持有人大会的公告》，审议《关于人保安和一年定期开放债券型发起 式证券投资基金终止基金合同的议案》。本次基金份额持有人大会于2026年1月20日计票表决通过了《关于人 保安和一年定期开放债券型发起式证券投资基金终止基金合同的议案》，决议自该日起生效。基金管理人按 照《基金合同》约定，组织成立基金财产清算小组履行基金财产清算程序。该基金的最后运作日定为2026年1 月22日，并于2026年1月23日进入清算程序。 | | | | | | ...

Group 1 - The core viewpoint is that the strong performance in the first three quarters lays a solid foundation for the annual results, with a high growth trend in NBV expected to continue into 2025 [1][2] - It is projected that the net profit attributable to shareholders of A-share insurance companies will increase by 22.7% year-on-year to 426.4 billion yuan in 2025, with a decrease in growth rate of 10.9 percentage points compared to the first three quarters of 2025 [1] - Specific companies are expected to show significant growth in net profit, including China Taiping (215%-225%), China Life (45.8%), and New China Life (43.0%) [1] Group 2 - The liability side of life insurance is expected to maintain a high growth trend, with projected NBV growth rates for various companies such as PICC Life (60.2%) and Sunshine Insurance (49.9%) [2] - The property insurance sector is expected to see a year-on-year premium income increase of 3.9% to 1.76 trillion yuan in 2025, with claims expenses rising by 1.6% to 1.17 trillion yuan [3] - The impact of Typhoon "Maitai" in October 2025 is expected to cause a temporary effect on the combined ratio (COR) performance, with significant economic losses reported [3] Group 3 - The strategy for insurance capital entering the market is continuously advancing, with the scale and proportion of investments in the secondary market increasing significantly [4] - By the end of September 2025, the balance of insurance funds in the secondary market reached 5.59 trillion yuan, accounting for 14.9% of total investments, an increase of 1.49 trillion yuan and 2.6 percentage points from the end of 2024 [4] - Market fluctuations are anticipated to exert pressure on investment performance in the fourth quarter of 2025, with various indices showing mixed performance [4]

Core Viewpoint - The article emphasizes the role of Guangdong People's Insurance Company in enhancing agricultural insurance to support rural revitalization and agricultural modernization in line with the directives of the 2026 Central No. 1 Document [2][70]. Group 1: Agricultural Insurance Enhancement - The 2026 Central No. 1 Document outlines the need to strengthen insurance coverage for key crops such as rice, wheat, corn, and soybeans, and to support the development of local specialty agricultural products [3][12]. - Guangdong People's Insurance Company has achieved full coverage of cost insurance for three major grains in Guangdong Province by 2025, providing risk protection for over 7.8 million acres of rice and corn, amounting to nearly 9.7 billion yuan [13][14]. - The company has invested 6.9 million yuan in initiatives like farmland restoration and construction of automatic weather stations to support the revival of abandoned land, contributing to stable grain planting areas and increased production capacity [15][16]. Group 2: Support for Specialty Agricultural Products - In response to the call for supporting local specialty agricultural product insurance, Guangdong People's Insurance Company has developed and revised 38 specialty agricultural insurance products by 2025, offering risk protection totaling 19.9 billion yuan for over 160 products [19][24]. - The company has provided risk coverage exceeding 1.878 billion yuan for various deep-sea aquaculture projects across eight cities in the province, supporting the development of "blue granaries" [26]. - For the lychee industry, the company has introduced various insurance products covering different stages from seed source to transportation, establishing a comprehensive financial service model involving government, farmers, insurance, and banks [28][29]. Group 3: Technological Integration in Risk Management - Guangdong People's Insurance Company has developed an integrated smart agricultural insurance service system, combining risk prevention, reduction, and compensation [35]. - The company has implemented a risk reduction management system covering six key industries, utilizing technologies such as remote sensing, drones, IoT, and AI for precise risk identification and early warning [38][39]. - By 2025, the company has executed 430 disaster reduction projects, benefiting over 2.308 million households and achieving cost savings of approximately 256 million yuan [40][41]. Group 4: Claims Efficiency and Support - The company has paid out 4.346 billion yuan in agricultural insurance claims in 2025, ensuring rapid recovery for 585,000 affected farmers following natural disasters [49]. - Quick claim payments were made within 24 hours and 2 hours after typhoons, significantly alleviating the risk of poverty for farmers due to disaster impacts [50][51]. Group 5: Ecological and Environmental Contributions - Guangdong People's Insurance Company has provided risk protection for 36.12 million acres of forest resources, amounting to 43.4 billion yuan, and has introduced ecological insurance products for ancient trees and oil tea planting [59][60]. - The company has actively participated in rural environmental improvement projects, investing 10.76 million yuan to support ecological revitalization [67]. - The company has received recognition for its contributions to ecological protection, with three branches awarded for their outstanding efforts in ecological construction [69].

2026年，财产险行业站在了新旧动能转换的关键十字路口上，政策红利持续释放，市场新机加速涌 现。一方面，低空经济、人工智能等新业态加速落地，催生多元保障需求；另一方面，"报行合一"的全 面实施进一步优化了行业环境，为高质量发展扫清障碍。 长江财险提出，紧扣湖北"51020"现代产业集群建设，该公司将在支持产业升级、护航科技创新、 服务绿色发展等方面展现省属金融企业担当。同时，聚焦持续盈利，以创新思维提升车险、非车险、农 险和健康险的承保能力。 深耕主责主业 服务经济社会高质量发展 近日，多家保险集团及财产险公司召开2026年工作会议。从会议部署来看，今年，财产险公司 以"统筹发展与安全"为根本遵循，将服务经济社会发展、深化改革攻坚、科技赋能风险管理作为关键发 力点，在锚定主责主业的同时，对接新场景、新需求探索差异化发展路径，确保"十五五"时期开好局、 起好步。 "'十五五'是内需主导、消费提振的动力切换期，也是保险业持续快速增长的黄金期；是向'新'而 行、提'质'而上的产业跃升期，也是财险业新旧动能转换的关键期。"中国人保2026年工作会议指出， 要加力服务大局，围绕服务提振消费、创新驱动、对外开放、协调发展 ...

证券之星消息，2月11日中国人保资产管理有限公司发布《人保货币市场基金2026年春节假期前调整大 额申购、转换转入及定期定额投资业务限额的公告》。公告中提示，为根据中国证监会相关规定及沪深 交易所休市安排，为保护持有人利益，特暂停相关业务，自2026年2月12日起人保货币市场基金2026年 春节假期前调整大额申购、转换转入及定期定额投资业务限额，申购、转换转入上限金额为50.0万元， 下属分级基金调整明细如下： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 | 分级基金简称 | 代码 | 是否暂停（大额）申购 | | 申购限额 转入限额 定投限额 | | | --- | --- | --- | --- | --- | --- | | | | (转入转出、赎回、定投) | (元) | (元) | (元) | | 人保货币A | 004903 | 를 | 50.00万 | 50.00万 | | | 人保货币B | 004904 | 를 | 50.00万 | 50.00万 | | | 人保货币E | 022605 | 를 | 50.00 ...

Core Viewpoint - The insurance industry maintains a recommended rating, supported by a "slow bull" market trend that benefits both asset returns for insurance companies and sales of floating income-type dividend insurance [1] Group 1: Life Insurance Companies - In 2023, life insurance companies achieved a cumulative premium income of 43,624 billion, with a year-on-year growth of 8.9%, slightly down from 9.1% [3] - December's premium income for life insurance companies was 2,152 billion, showing a year-on-year increase of 6.0%, with life insurance premiums at 1,683 billion, up 10.1% [3] - The strong performance in life insurance is expected to continue into 2026, particularly in the bancassurance channel, where new single premiums are anticipated to double [3] Group 2: Property Insurance Companies - Property insurance companies reported a cumulative premium income of 17,570 billion in 2023, with a stable year-on-year growth of 3.9% [4] - December's premium income for property insurance was 1,413 billion, with a year-on-year increase of 4.4%, and auto insurance premiums at 977 billion, up 2.2% [4] - Non-auto insurance premiums in December reached 437 billion, showing a significant year-on-year growth of 9.6%, driven by low base effects from the previous year [4] Group 3: Overall Industry Performance - The total premium income for the insurance industry in 2023 was 61,194 billion, reflecting a year-on-year growth of 7.4% [5] - By the end of December, the total assets of the insurance industry reached 413,145 billion, a 15.1% increase from the beginning of the year, while net assets grew by 10.2% to 36,640 billion [5] - Investment recommendations include China Ping An, New China Life, China Life, and China Taiping, with a focus on the long-term investment value of China Property Insurance [5]

Investment Rating - The report recommends a "Buy" rating for several insurance companies, including China Pacific Insurance, China Life Insurance, and China Property & Casualty Insurance [5]. Core Insights - The insurance industry is expected to see significant growth in investable funds, with estimates of 3.1 trillion yuan in 2026, driven by strong premium growth and a balanced allocation between equities and bonds [6][31]. - The secondary equity investment is projected to reach 0.9 trillion yuan in 2026, slightly lower than the previous year, while bond investments are expected to increase significantly [6][30]. - The report emphasizes the importance of dividend stocks as a key investment strategy for insurance companies, aiming to secure cash dividends to offset declining interest income [7][48]. Summary by Sections Investment Scale and Growth - In 2025, the insurance sector is estimated to have an additional investable fund of 2.3 trillion yuan, with secondary equity investments around 1 trillion yuan, marking a significant increase from previous years [12][36]. - By 2026, the total investment scale in the insurance industry is projected to reach 42 trillion yuan, with a secondary equity allocation expected to rise to 18% [30][35]. Premium and Fund Sources - The total premium for the insurance industry is expected to reach 6.9 trillion yuan in 2026, with a year-on-year growth of approximately 13% [31][34]. - New single premiums are projected to be 2 trillion yuan, reflecting a 25% increase, while renewal premiums are expected to grow by 11% to 3 trillion yuan [31][34]. Asset Allocation and Strategy - The report indicates a shift in asset allocation, with a decrease in non-standard, deposit, and alternative assets, while equities and bonds are expected to see increased investment [30][41]. - The focus on dividend stocks is highlighted as a strategy to stabilize cash flow and reduce profit volatility, with an anticipated annual increase in high-dividend stock allocations of 300 to 500 billion yuan [7][55]. Market Dynamics - The report notes that the insurance sector's secondary equity position reached a historical high of 16% by the end of 2025, driven by favorable market conditions and policy support [12][20]. - The anticipated regulatory changes in asset-liability management are expected to further influence investment strategies within the insurance industry [6][30].

Core Viewpoint - Southbound funds have reduced their holdings in China People's Insurance Group (01339.HK) by 1.07 million shares on February 9, with a total net reduction of 5.68 million shares over the last five trading days and 28.08 million shares over the last twenty trading days [1] Group 1: Shareholding Changes - Southbound funds have reduced their holdings in China People's Insurance Group for 4 out of the last 5 trading days, totaling a net reduction of 5.68 million shares [1] - Over the last 20 trading days, southbound funds have reduced their holdings on 15 occasions, resulting in a cumulative net reduction of 28.08 million shares [1] - As of now, southbound funds hold 2.52 billion shares of China People's Insurance Group, accounting for 28.87% of the company's total issued ordinary shares [1] Group 2: Company Overview - China People's Insurance Group is a holding company primarily engaged in providing insurance products [1] - The company and its subsidiaries are involved in various insurance sectors, including property insurance, health insurance, life insurance, reinsurance, Hong Kong insurance, and pension insurance [1] - The property insurance segment includes products for both corporate and individual clients, such as motor vehicle insurance, agricultural insurance, property insurance, and liability insurance [1] - The health insurance segment focuses on health and medical insurance products [1] - The life insurance segment offers various life insurance products, including participating, whole life, annuity, and universal life insurance [1] - The Hong Kong insurance segment encompasses property insurance operations in Hong Kong [1] - The pension insurance segment includes corporate annuities and occupational annuities [1]

南方财经全媒体记者林汉垚 近日，中国人寿、中国人保、中国太平、中国再保以及中国信保等多家大型保险相继召开2026年经营工 作会议，总结2025年经营成效并部署"十五五"开局之年的重点任务。 从各家会议释放的信息看，行业在宏观环境复杂、利率中枢下移与风险约束趋严的背景下，正进一步强 化高质量发展导向，将风险防控、提质增效与服务实体经济置于更加核心的位置；与此同时，不同机构 基于功能定位与业务结构差异，在数智化转型、国际化布局、业务结构优化及政策性功能发挥等方面呈 现出差异化路径。 高质量发展为共同主线 从整体基调看，"高质量发展"、"防风险"成为多家险企2026年经营工作的核心关键词。 中国人寿在工作会议上明确提出，2026年要全力实现经营业绩稳中有进、风险防控扎实有效等高质量发 展目标，为中国式现代化贡献国寿力量。 中国人保提出，加力推动高质量发展，构建高质量业务组合，提升高质量服务能力，拓展高质量投资， 深化提质降本增效，做好高质量市值管理，推动实现质的有效提升和量的合理增长。加力深化改革，顺 应基层改革期盼，深入推进公司治理改革、战略管控体制机制改革、赋能基层发展机制改革、客户资源 共享改革、数字化改革、 ...