Zheng Quan Ri Bao Zhi Sheng·2025-11-07 16:10Core Insights - The insurance industry has reported strong performance in the first three quarters of the year, with 70 life insurance companies collectively achieving insurance business revenue of 3.11 trillion yuan and net profit of 460.53 billion yuan, surpassing last year's total figures [1][2] Group 1: Financial Performance - Among the 70 life insurance companies, 56 reported positive net profits, totaling 462.92 billion yuan, while 14 companies incurred losses amounting to 2.39 billion yuan [2] - China Life, Ping An Life, and China Pacific Life led in insurance business revenue, with figures of 669.65 billion yuan, 470.93 billion yuan, and 232.44 billion yuan respectively [2] - The net profits of China Life and Ping An Life exceeded 100 billion yuan, with 165.52 billion yuan and 105.57 billion yuan respectively, ranking first and second [2] Group 2: Factors Influencing Performance - The strong net profit performance is attributed to lower funding costs, optimized business structures, and improved investment returns due to market conditions [1][3] - The insurance industry has adjusted product preset interest rates and reduced rigid liabilities, contributing to lower costs and improved underwriting performance [3] - The rise in equity markets and the appreciation of long-term bonds have also positively impacted investment returns [3] Group 3: Future Considerations - The importance of asset-liability management is emphasized for sustainable development, with a focus on optimizing business structures and long-term investments [4][5] - The current preset interest rate for ordinary life insurance products has been adjusted down to 1.90%, reflecting a downward trend throughout the year [4] - Insurance companies are encouraged to reduce the proportion of fixed-rate products and increase the sales of participating and flexible rate products to mitigate the impact of declining interest rates [5]