保险业2025业绩出炉

Core Insights - The insurance industry in China achieved a total premium income of 6.12 trillion yuan in 2025, marking a year-on-year growth of 7.43% [3] - By the end of 2025, the total assets of the insurance industry reached 41.31 trillion yuan, an increase of 15.06% from the beginning of the year [2] Group 1: Premium Income and Growth - The insurance industry experienced a significant recovery in premium income, with a total of 6.12 trillion yuan in 2025, up 7.43% year-on-year [3] - Life insurance premiums contributed notably, with a total of 4.65 trillion yuan, reflecting a growth of 9.05% [3] - Health insurance premiums approached the 1 trillion yuan mark, with a total of 997.3 billion yuan, growing by 2.04% [3] Group 2: Asset Growth - The total assets of the insurance industry surpassed 41 trillion yuan, reaching 41.31 trillion yuan by the end of 2025, an increase of 5.4 trillion yuan from 35.91 trillion yuan at the beginning of the year [2] - The insurance asset management scale also grew, with the investment balance exceeding 37 trillion yuan by the end of September 2025 [2] Group 3: Performance of Different Insurance Segments - Property insurance premiums totaled 1.76 trillion yuan, with a growth rate of 3.92%, indicating a slowdown compared to previous years [5] - Within property insurance, auto insurance premiums were 940.9 billion yuan, growing by 2.98%, while its market share continued to decline [6] - Non-auto insurance premiums saw a growth of 5%, with significant increases in agricultural insurance (4.78%) and health insurance (11.31%) [6] Group 4: Distribution Channels and Future Outlook - The bancassurance channel was a major driver for life insurance premium growth, with some companies reporting over 40% growth in this segment [3][4] - Analysts expect a strong performance for listed insurance companies in 2026, driven by ongoing trends in deposit migration and attractive insurance product rates compared to bank deposits [4]