2 1 Shi Ji Jing Ji Bao Dao·2025-10-21 03:16Core Insights - Several listed insurance companies reported double-digit year-on-year growth in premium income for the first three quarters of 2025, indicating a strong performance in the sector [1] Company Performance - Xinhua Life Insurance Co., Ltd. reported original insurance premium income of 172.7 billion yuan, a year-on-year increase of 19% [1] - China Pacific Life Insurance Co., Ltd. achieved premium income of 232.436 billion yuan, reflecting a year-on-year growth of 10.9% [1] - ZhongAn Online P&C Insurance Co., Ltd. reported premium income of approximately 26.934 billion yuan [1] Market Trends - Insurance capital has shown a preference for high-dividend, low-valuation bank stocks, as evidenced by multiple stake acquisitions in bank shares since 2025 [1] - H-shares of banks have become a significant focus for insurance capital due to their higher dividend yields and characteristics that allow inclusion in Other Comprehensive Income (OCI) [1] - On October 21, the Hong Kong Stock Connect Financial ETF (513190) tracked the CSI Hong Kong Stock Connect Mainland Financial Index, which rose over 2% during intraday trading [1]