Xin Lang Zheng Quan·2025-12-01 03:57Group 1 - The core viewpoint of the articles highlights the limited impact of real estate on listed insurance companies, with signs of recovery in the liability side expected to lead to better performance in 2026 [1][2] - The insurance industry saw a cumulative premium income of 54,833 billion yuan from January to October 2025, with a year-on-year growth of 8.0%, while the life insurance sector reported a premium income of 39,924 billion yuan, growing by 9.6% [2][3] - The non-life insurance sector's premium income for the same period was 14,908 billion yuan, reflecting a year-on-year increase of 4.0%, with auto insurance contributing 7,612 billion yuan and non-auto insurance 7,297 billion yuan [3][4] Group 2 - The life insurance sector is expected to see a significant increase in new business value (NBV) growth in 2026, driven by the transformation of dividend insurance products and stable investment returns [4] - The non-life insurance combined ratio (COR) is anticipated to improve further due to enhanced management practices, indicating a positive outlook for the sector [4] - The brokerage business reported an average daily trading volume of 19,404 billion yuan, showing a year-on-year increase of 67.05% [5][6]