保险业最新成绩单出炉：寿险快速回暖 财险表现稳健

Core Insights - The insurance industry in China reported a total original insurance premium income of 3.06 trillion yuan in the first five months of 2023, reflecting a year-on-year growth of 3.77% [1] - Life insurance premiums accounted for 2.45 trillion yuan, while property insurance premiums reached 612.9 billion yuan, with respective year-on-year growth rates of 3.72% and 3.97% [1] Life Insurance Performance - From January to May, life insurance companies generated original insurance premium income of 2.28 billion yuan, marking a year-on-year increase of 3.3% [3] - In May alone, life insurance premiums reached 332.8 billion yuan, showing a significant year-on-year growth of over 16% [3] - The life insurance segment, as a major part of personal insurance, saw a 3.9% year-on-year increase in premium income, with May's growth at 24.1%, indicating rising consumer demand for life insurance products [3][5] Health Insurance Trends - Health insurance premiums grew by only 0.9% year-on-year in the first five months, with May's income at 62.4 billion yuan, showing a shift from positive to negative growth [4] - Analysts suggest that the slowdown in health insurance premium growth is influenced by product structure transformation within the industry [4] Property Insurance Performance - Property insurance companies reported original insurance premium income of 780.5 billion yuan in the first five months, with a year-on-year growth of 5.2% [6] - Auto insurance remains a significant contributor, with premiums amounting to 372 billion yuan, accounting for nearly half of the total property insurance income [6] - The growth in auto insurance is supported by a 9.2% year-on-year increase in retail sales of narrow-sense passenger vehicles, alongside a notable rise in the production and sales of new energy vehicles [6] Competitive Landscape - Leading insurance companies are focusing on upgrading agent quality and enhancing high-value savings product sales, which is expected to drive growth in premium income [4] - The competitive landscape is anticipated to improve as major property insurance firms leverage their scale and refined management to strengthen their market position [6]