Xin Hua Cai Jing·2025-09-01 04:30Group 1: Financial Performance - The five major listed insurance companies in A-shares achieved a total revenue of 13,338.62 billion yuan and a net profit of 1,781.93 billion yuan in the first half of 2025, with a year-on-year growth of 3.7% [1] - China Ping An led the industry with a net profit of 680.47 billion yuan, while New China Life Insurance became the growth champion with a 33.5% increase [1] Group 2: New Business Value Growth - All listed insurance companies reported significant growth in new business value for life insurance, with year-on-year increases exceeding double digits [2] - New business values for major companies included: China Life (28.546 billion yuan, +20.3%), China Ping An (22.335 billion yuan, +39.8%), China Taiping (9.544 billion yuan, +32.5%), New China Life (6.182 billion yuan, +58%), and China Pacific Insurance (4.978 billion yuan, +71.7%) [2] Group 3: Property Insurance Performance - The comprehensive cost ratio for property insurance decreased, leading to improved underwriting profits, with China Ping An's overall cost ratio at 95.2%, down 2.6 percentage points year-on-year [3] - China Taiping's new energy vehicle insurance achieved a premium income of 10.596 billion yuan, with a 19.8% share of the auto insurance premium [3] Group 4: Investment Strategies - Listed insurance companies increased their equity investment proportions, with total stock investment reaching nearly 1.8 trillion yuan, an increase of 405.356 billion yuan from the end of 2024 [4] - China Life increased its public market equity scale by over 150 billion yuan by mid-2025, while also diversifying investments into gold and other innovative products [4] Group 5: Market Confidence and Future Outlook - The A-share investment asset scale of China Insurance increased by 26.1% year-to-date, with a 1.2 percentage point rise in total investment asset proportion [5] - Insurance capital has made 30 equity stakes in listed companies this year, indicating a significant increase in market confidence [5]