Zhong Guo Zheng Quan Bao·2025-08-06 22:10Group 1 - China Pacific Insurance and New China Life Insurance announced their 2024 annual A-share dividend distribution, with a total payout exceeding 10 billion yuan, scheduled for August 8 [1][2] - The cumulative dividend for the five major listed insurance companies in 2024 is 90.789 billion yuan, representing a year-on-year increase of over 20% [2][3] - The life insurance product interest rate will be lowered in September, which is expected to reduce the cost of liabilities for insurance companies and alleviate pressure from interest margin losses, potentially driving a recovery in insurance stock valuations [1][3] Group 2 - The insurance industry reported total assets of 39.22 trillion yuan in the first half of 2025, a year-on-year increase of 16.05%, with original insurance premium income reaching 3.74 trillion yuan, up 5.31% [3][4] - The life insurance sector saw original premium income of 2.96 trillion yuan, growing by 5.64%, while the property insurance sector reported 774.4 billion yuan, an increase of 4.06% [3][4] - Several insurance companies reported positive operating results for the first half of 2025, with significant growth in total assets and premium income [4] Group 3 - The insurance index has risen over 11% year-to-date as of August 6, with New China Life Insurance leading the gains at 36.82% [5] - Analysts believe that the upcoming reduction in life insurance product interest rates will help insurance companies lower their liability costs, alleviating pressure from interest margin losses and providing upward potential for stock valuations [5][6] - The maximum interest rate for ordinary life insurance products will be adjusted to 2.0%, while the maximum for participating insurance products will be set at 1.75% [6]