东北证券：险企业绩大幅增长 券商业绩表现分化

Insurance Industry - The liability side of listed insurance companies has shown significant recovery, with steady growth in premium income for both life and property insurance, and improvement in metrics such as NBV [1] - The asset side has benefited from a substantial rise in the capital markets, leading to high-speed growth in investment income, which has driven up operating revenue and net profit attributable to the parent company [1] Securities Industry - The securities industry continues to expand in scale, but the decline in revenue from brokerage and investment banking businesses has put pressure on the industry's operating revenue and net profit attributable to the parent company in the first three quarters [1] - The performance of proprietary trading has become a significant factor in the differentiation of securities companies' performance [1] - Looking ahead, with the rise in the equity market and the recovery of market trading volume, the industry's annual revenue is expected to achieve positive growth [1] Stock Recommendations - Stocks to watch include: New China Life Insurance, China Pacific Insurance, and CITIC Securities [1]