险企二季度偿付能力出炉：14家达3A 仍有5家不达标

Core Insights - The insurance industry has shown overall stability in solvency capabilities for Q2 2025, with most companies meeting regulatory requirements for core and comprehensive solvency ratios [1][3][4] - A total of 14 insurance companies have achieved an AAA rating, while 5 companies are rated as C, indicating significant deficiencies in governance and risk management [2][4] Solvency Reports - 60 non-listed life insurance companies and 76 non-listed property insurance companies have disclosed their solvency reports for Q2 2025 [1] - The solvency ratios for the disclosed companies are as follows: - Core solvency ratio for AAA-rated companies ranges from 161% to 845.44% [3] - Comprehensive solvency ratio for AAA-rated companies also meets or exceeds regulatory standards [3] Risk Ratings - The C-ROSS II framework has refined risk ratings into eight categories from the previous four, with C indicating significant deficiencies in governance and operational risks [2] - Five companies rated C include Huahui Life, Asia-Pacific Property Insurance, Anhua Agricultural Insurance, Huazhong Property Insurance, and Xinjiang Qianhai United Property Insurance [4] Capital Supplementation - In H1 2025, 13 insurance companies announced capital increase plans totaling nearly 50 billion, significantly higher than the previous year [7] - Notable capital increases include Ping An Life's proposed 20 billion increase and CITIC Prudential's cumulative increase of 5 billion [7] Regulatory Environment - The transition period for the C-ROSS II framework has been extended to the end of 2025, allowing companies more time to adapt to new regulations [6][8] - Companies are encouraged to optimize capital structures and improve risk management systems to meet the final requirements of the new solvency framework [6][8]