Xin Lang Cai Jing·2025-10-30 12:16Core Viewpoint - The company is optimistic about achieving positive growth in its premium income for 2026, targeting an increase of approximately 5%-10% overall, with the first quarter expected to show higher growth than the second and third quarters, while the third quarter is anticipated to be a low point for growth [1] Group 1: Business Outlook - The individual business channel is projected to achieve positive growth in premium income, with an expected increase of 5%-10% for the year [1] - The company anticipates that the new business value will turn positive [1] - In the bancassurance channel, the overall market growth is expected to remain consistent with this year, with a premium income growth rate around 10%, while the company's growth rate is expected to exceed 10%, estimated between 20%-30% [1] Group 2: Product Structure - The company plans to maintain a diversified product structure, with traditional products not exceeding 50% of the total life insurance business, indicating that floating income products will account for over 50% [1] - The proportion of health insurance products is expected to increase next year [1] - As of the end of September, the company's sales of participating insurance in the bancassurance channel accounted for approximately 27.7%, ranking second among listed peers [2] - By October, the ratio of participating insurance to traditional products reversed, with over 70% being participating insurance and 30% traditional products [2]