Jing Ji Ri Bao·2025-08-25 03:03Core Viewpoint - The insurance industry in China has shown resilience and progress in the first half of 2025, with significant growth in asset utilization and premium income, while maintaining a stable solvency capacity [1][10]. Group 1: Asset and Premium Growth - As of the end of Q2 2025, the total investment balance of insurance companies exceeded 36 trillion yuan, reaching 36.23 trillion yuan, a year-on-year increase of 17.4% [2]. - The original insurance premium income for the first half of 2025 was 3.7 trillion yuan, reflecting a growth of 5.1% compared to 2024, indicating a recovery in the life insurance sector [2]. - The number of new insurance policies issued in the first half of 2025 reached 524 billion, marking an 11.1% increase year-on-year [2]. Group 2: Investment Strategies - Bonds remain the primary investment for insurance funds, with a bond investment balance of 17.87 trillion yuan as of Q2 2025, where life insurance companies hold 16.92 trillion yuan, accounting for 51.9% of their total investments [3]. - Stock investments have also gained traction, with insurance companies' stock investments surpassing 3 trillion yuan, showing a quarterly increase of 8.9% [3]. - The shift towards equity investments is seen as a long-term strategic choice, driven by the need for higher returns in a low-interest-rate environment [3][4]. Group 3: Claims and Coverage - Claims and benefits paid by insurance companies reached 1.3 trillion yuan in the first half of 2025, a 9% increase, indicating a deepening of the insurance protection function [5]. - Health insurance and long-term care insurance have emerged as the main contributors to claims growth, driven by an aging population and rising healthcare costs [6]. - The insurance industry has demonstrated its commitment to social responsibility through rapid response to claims during natural disasters, showcasing its role in public welfare [7]. Group 4: Solvency and Regulatory Environment - The overall solvency adequacy ratio for the insurance industry was 204.5% at the end of Q2 2025, significantly above regulatory requirements [8]. - Among 60 life insurance companies, six maintained an AAA rating, with solvency ratios exceeding 200%, indicating strong capital strength and risk management capabilities [8]. - The regulatory environment remains challenging, with some smaller companies facing solvency pressures, necessitating improvements in capital management and risk strategies [10].