Bei Jing Shang Bao·2025-09-02 16:30Core Viewpoint - The five major listed insurance companies in A-shares announced their mid-term profit distribution plans alongside their 2025 semi-annual reports, with a total dividend amount of approximately 29.336 billion yuan (including tax) [1][3]. Group 1: Profit Distribution - China Ping An plans to distribute a mid-term cash dividend of 0.95 yuan per share, totaling 17.202 billion yuan, with a year-on-year increase of 2.2% in the dividend per share [3][4]. - China Life, China Pacific Insurance, and New China Life plan to distribute mid-term cash dividends of 6.727 billion yuan, 3.317 billion yuan, and 2.09 billion yuan, respectively, contributing to the total dividend of approximately 29.336 billion yuan [3][4]. Group 2: Financial Performance - In the first half of the year, the five major listed insurance companies achieved a total net profit of 178.192 billion yuan, representing a year-on-year growth of 3.7% [3][5]. - The capital market recovery has led to a significant increase in investment income for many listed insurance companies [3]. Group 3: Dividend Policy and Market Impact - Stable dividends enhance market confidence and help shape a robust operational image, attracting long-term value investors [4]. - High dividends can better reward investors but may constrain the company's internal capital accumulation and potential investment capabilities [5]. Group 4: Accounting Standards and Future Outlook - The implementation of new financial instrument standards has increased the volatility of net profits, affecting the continuity and stability of dividend policies [6]. - Companies are considering long-term growth and regulatory guidelines when formulating their dividend policies, aiming for sustainable returns for shareholders [6][7].