练就内功保持定力，华泰人寿获评2025金柿奖中国保险稳健投资样本

Core Viewpoint - The ability of an insurance company to navigate through cycles is significantly measured by its commitment to stable investment practices, as demonstrated by Huatai Life's focus on "steady operation and professional long-term development" in its investment management approach [1][3]. Investment Performance - Huatai Life achieved a comprehensive investment return rate of 12.73% in 2024, ranking among the industry leaders; the annualized comprehensive investment return rate for the three years from 2022 to 2024 was 5.67%, placing it in the upper-middle tier of the industry [3]. - As of September 2025, Huatai Life's total asset scale reached 70.3 billion, and it maintained an "A" class risk rating for 15 consecutive quarters since the implementation of the second phase of the solvency regime, showcasing its operational stability and excellent risk management capabilities [3]. Asset Allocation Strategy - Huatai Life employs a diversified asset allocation strategy, with the largest proportion in bonds, primarily consisting of long-term government bonds and local government bonds, which serve as the cornerstone for investment returns and asset-liability matching [4]. - The alternative investments include high-rated debt investment plans and trust plans, which provide higher investment returns while maintaining good credit quality [4]. - Other fixed-income assets consist of bank deposits, fixed-income public funds, and asset management products, enhancing the overall portfolio returns through various strategies [4]. - Equity assets mainly comprise listed stocks, equity funds, and unlisted equity, aiming for higher long-term investment returns through excellent management capabilities [4]. Professional Investment Management - Huatai Life relies on the long-standing asset management history and professional capabilities of Huatai Asset Management, one of the first insurance asset management companies in China, which has a stable professional research and investment team [5]. - As of September 2025, Huatai Asset Management's total management scale approached 1 trillion, with over 90% coming from external clients of the Huatai Insurance Group, reflecting its strong market recognition and investment performance [5]. - The company aims to continue its professional development and value growth in investment, leveraging the advantages of insurance capital as "long-term capital" and "patient capital" to achieve high-quality sustainable development in the investment sector [5].