58家人身险公司上半年投资收益率出炉：约九成机构不足3%，4.67%成“天花板”

Core Viewpoint - The insurance industry is experiencing a downward adjustment in the preset interest rates for various insurance products, influenced by the overall decline in interest rates [3][5]. Group 1: Adjustments in Preset Interest Rates - Several insurance companies have announced reductions in the maximum preset interest rates for newly filed life insurance products: 2.0% for ordinary insurance, 1.75% for participating insurance, and 1.0% for universal insurance, representing declines of 50, 25, and 50 basis points respectively [3]. - The preset interest rates for insurance products have undergone multiple adjustments since the introduction of floating yield insurance last year, leading to a shift in product structure towards "guaranteed returns + floating returns" participating insurance becoming mainstream [5]. Group 2: Investment Yield Performance - As of now, 58 life insurance companies have disclosed their second-quarter solvency reports, revealing that the investment yield for life insurance institutions in the first half of the year is concentrated between 1% and 3%, with about 90% of institutions below 3% [5][6]. - The lowest reported investment yield is 0.96%, while the highest is 4.67% [5]. - Specific companies like HeTai Life Insurance saw a significant drop in investment yield from 2.67% in the first half of 2024 to 0.96% in the first half of 2025, a decrease of 1.71 percentage points [7]. Group 3: Factors Affecting Investment Yields - Three companies reported investment yields below 1%, including Heng'an Standard Life and Aixin Life, both at 0.97% [8]. - Hai Bao Life Insurance improved its investment yield from -0.43% last year to 1.89% this year, indicating a recovery [8]. - Investment yields can turn negative due to factors such as significant declines in the market value of heavily weighted stocks or large impairments in debt assets, which can adversely affect the current profit and loss [8]. Group 4: Evaluating Insurance Companies - The solvency reports also provide a comprehensive investment yield, which is generally higher than the standard investment yield. For instance, Changcheng Life Insurance reported a standard investment yield of 2.58% but a comprehensive investment yield of 6.82% [9]. - Comprehensive investment yield reflects a more holistic view of an insurance company's investment performance, including unrealized gains and losses [9]. - Consumers are advised to consider long-term comprehensive investment yields when selecting participating insurance companies, along with historical dividend realization rates [10].