2025保险业保费破6万亿大关 资产增速15.1%领跑金融业

Core Insights - The insurance industry in China has shown strong resilience, with total assets reaching 41.3 trillion yuan by the end of 2025, marking a 15.1% increase from the beginning of the year, surpassing the banking sector's 8.0% growth [1][4] - The original insurance premium income has historically exceeded 6 trillion yuan for the first time, totaling 6.1 trillion yuan in 2025, reflecting a year-on-year growth of 7.4% [2][4] - However, there is a structural differentiation in profitability and capital replenishment within the industry, as evidenced by a slight decline in the core solvency ratio of life insurance companies [1][5][6] Asset Growth - By the end of 2025, the total assets of the insurance industry reached 41.3 trillion yuan, with life insurance companies contributing significantly to this growth, accounting for 88.1% of total assets [4] - Life insurance companies' total assets reached 36.4 trillion yuan, growing by 15.4% from the beginning of the year, contributing approximately 89.5% to the industry's asset increase [4] - Property insurance companies showed more stable performance, with total assets of 3.1 trillion yuan, growing by 7.5% [4] Premium Income and Claims - The insurance sector achieved a record premium income of 6.1 trillion yuan in 2025, with a total of 1.168 billion new policies issued, reflecting a 12.6% year-on-year increase [2] - Claims and benefit payments amounted to 2.4 trillion yuan, representing a 6.2% increase, demonstrating the industry's role as a risk compensation "shock absorber" [2] - Life insurance business contributed approximately 4.65 trillion yuan in premiums, with a year-on-year growth of 9.1%, while property insurance premiums reached 1.47 trillion yuan, growing by 2.6% [2] Solvency and Capital Pressure - As of the end of 2025, the average comprehensive solvency ratio for insurance companies was 181.1%, with a core solvency ratio of 130.4%, indicating overall solvency above regulatory requirements [5][6] - Life insurance companies faced declining core solvency ratios, with comprehensive solvency at 169.3% and core solvency at 115.0%, down from 190.5% and 123.8% respectively at the end of 2024 [6] - To strengthen capital bases, 21 insurance companies were approved for capital increases totaling 41.272 billion yuan, and 23 companies issued bonds to supplement capital amounting to 104.2 billion yuan [6] Structural Optimization - Agricultural insurance has become a key service for national strategy, with premiums exceeding 155 billion yuan in 2025, providing risk coverage for over 125 million farming households [3] - The industry is experiencing a structural optimization in the protection sector, with a focus on diversifying asset allocation to enhance resilience [4]