二季度险资运用新态势，权益投资升温

Core Insights - The insurance industry's fund utilization has reached 36 trillion yuan by the end of Q2 2025, marking a year-on-year growth of 17.4% [1][4] - The fund utilization balance for life insurance companies is 32.6 trillion yuan, while property insurance companies hold 2.35 trillion yuan [1] Fund Utilization Breakdown - The total fund utilization balance for insurance companies is 36.23 trillion yuan, with property insurance companies holding 2.35 trillion yuan [3] - Among property insurance companies, bank deposits account for 4.05 trillion yuan (17.24%), bonds for 9.46 trillion yuan (40.29%), stocks for 1.96 trillion yuan (8.33%), and securities investment funds for 1.84 trillion yuan (7.83%) [3] - Life insurance companies have a total fund utilization balance of 32.6 trillion yuan, with bank deposits at 2.61 trillion yuan (8.02%) and bonds at 16.92 trillion yuan (51.90%) [3] Investment Trends - The investment balance in stocks and securities investment funds for both life and property insurance companies totals 4.73 trillion yuan, with life insurance companies holding 4.35 trillion yuan, reflecting a year-on-year increase of 25.7% [4] - The stock investment balance for life insurance companies is 2.87 trillion yuan (8.81%), while property insurance companies have 1.96 trillion yuan (8.33%) [4] - The investment in securities investment funds has decreased, with life insurance companies holding 1.48 trillion yuan (4.53%) and property insurance companies 1.84 trillion yuan (7.83%) [4] - The total bond investment for both types of insurance companies is 17.87 trillion yuan, with life insurance companies at 16.92 trillion yuan (51.90%) and property insurance companies at 9.46 trillion yuan (40.29%) [4]