智通财经网·2025-11-17 07:31Core Viewpoint - The insurance industry is expected to see a steady increase in asset utilization, with a projected balance of 37.5 trillion yuan by Q3 2025, reflecting a 12.6% increase from the beginning of the year, driven by stable growth in new and renewal premiums [1] Group 1: Asset Allocation - As of Q3 2025, the insurance sector's stock asset allocation reached 3.62 trillion yuan, up 1.19 trillion yuan from the start of the year, with a proportion of 10.0%, an increase of 2.5 percentage points year-to-date [2] - The allocation to funds within the insurance industry is 5.5%, an increase of 0.2 percentage points year-to-date, attributed to the appreciation of equity fund market values [2] - The bond asset allocation stands at 50.3%, up 0.8 percentage points year-to-date, but has decreased by 0.8 percentage points from Q2, influenced by rising long-term interest rates [2] - The proportion of bank deposits in the insurance sector is 7.9%, down 1.1 percentage points year-to-date, continuing to decline due to falling deposit rates [2] Group 2: Other Assets and Management - The allocation to other assets, primarily non-standard assets, is 18.4%, down 2.7 percentage points year-to-date, as the supply of quality non-standard assets diminishes [3] - The industry is urged to enhance its active management capabilities in asset allocation, shifting from passive to active strategies to optimize investment returns amid a low-interest-rate environment and narrowing credit spreads [4]