排行榜丨73人身险企偿付能力全扫描，2家未达标，1家被重点关注，TOP10多为养老公司

Core Insights - In Q3 2025, among 73 disclosed solvency reports from life insurance companies, 72 companies were rated, with 31 classified as A, 40 as B, and one, Huahui Life, rated C due to governance issues [1][34] - The solvency data verification mechanism indicates that companies with a core solvency ratio below 60% or a comprehensive solvency ratio below 120% will be closely monitored, with two companies falling below these thresholds in Q3 2025 [1][36] - Overall, 18 companies saw a year-on-year increase in comprehensive solvency, accounting for 25%, while 55 companies experienced a decline, representing 75% [1][22] Solvency Ratings - Among the 72 companies with disclosed risk ratings, 71 met the standards, with 31 in the A category (43%) and 40 in the B category (56%), while one company was rated C (1%) [4][36] - Huahui Life, despite having the highest core (1898.92%) and comprehensive solvency ratios (1909.25%), was rated C due to unresolved governance issues [3][36] Industry Trends - The life insurance industry faced downward pressure in solvency ratios, with both core and comprehensive solvency ratios declining in Q3 2025 [7][31] - The average core solvency ratio decreased by 0.6 percentage points to 118.9%, while the comprehensive solvency ratio fell by 13.4 percentage points to 175.5% compared to the previous year [9][11] - The maximum core solvency ratio dropped significantly by 348.63 percentage points, indicating a narrowing gap among companies [10][12] Company Performance - In Q3 2025, 21 companies (29%) reported an increase in core solvency, while 52 companies (71%) saw a decline, with the most significant drop being from Changsheng Life [12][19] - The top 10 companies in core solvency included Huahui Life, which, despite a decline, maintained the highest ratio, followed by several pension insurance companies [17][28] - Conversely, the bottom 10 companies saw declines, with Changsheng Life experiencing the largest drop of 61.1 percentage points [20][30] Future Outlook - The industry is expected to focus on optimizing asset allocation and transforming high-value business models to address ongoing challenges [31][32]