国寿平安太保泰康太平人保等八家寿险巨头投资收益率比拼，哪家公司更厉害？

Core Insights - Investment is a core capability for life insurance companies, especially in the era of participating insurance [1][16] - There are significant differences in investment capabilities among major life insurance companies [1][16] - The analysis focuses on eight major life insurance giants with over 100 billion in premiums, which have consistently reported their investment returns for the past ten years [1][16] Investment Returns Overview - The eight major life insurance companies have shown varying investment returns over the past decade, with data presented for each company from 2014 to 2025 [1][16] - The companies included are: China Life, Ping An, Taikang, China Pacific, Taiping, Xinhua, Zhongrong, and PICC [1][16] - The investment returns for these companies are calculated as actual investment returns from 2014-2021 and comprehensive investment returns from 2022-2025 [1][16] Ten-Year Investment Yield Rankings - The top three companies in terms of cumulative investment returns over nine and a half years are Taikang Life (74.5%), Ping An Life (72.6%), and PICC (71.0%) [5][20] - The annualized returns for these companies are 6.0%, 5.9%, and 5.8% respectively [5][20] - There is a notable difference of over 20 percentage points in cumulative investment returns among the companies [20] Performance Consistency - Over the past decade, no company has consistently ranked first or last; five companies have ranked first at some point, and five have ranked last [6][21] - Ping An and PICC have each ranked first three times, while Taikang has ranked first twice [6][21] - The average rankings indicate that Taikang, PICC, and Ping An generally perform better [7][24] Head-to-Head Comparisons - In one-on-one comparisons, Taikang and PICC have the highest win rates against other companies [10][25] - The win-loss records show Taikang winning against Ping An 6:4, and against PICC 7:3, among others [10][25] - China Life has the lowest win rate, winning only 20 out of 100 matchups against the other companies [10][25] Investment Scale Impact - There is a significant difference in investment returns between PICC and China Life, which may be attributed to China Life's larger investment scale [14][29] - PICC has outperformed China Life in eight out of ten years [14][29]