Core Viewpoint - The average dividend realization rate for the life insurance industry in 2024 is 61.7%, an increase of 11 percentage points year-on-year, indicating improvements in the management and expectation guidance of participating insurance products [3][4]. Dividend Realization Rate Analysis - As of September 10, 2024, 76 life insurance companies reported 3,357 participating insurance products, with 12 products having a realization rate of zero, 2,726 products (81.2%) below 100%, 256 products (7.6%) achieving 100%, and 363 products (10.8%) exceeding 100% [3][4]. - The realization rate reflects the insurance company's ability to fulfill non-guaranteed dividends, serving as a key indicator of investment management effectiveness and operational transparency [4]. Improving Dividend Realization Rates - The National Financial Regulatory Administration issued a notice on August 2, 2024, emphasizing the need for insurance companies to balance demonstration benefits with realization rates [6]. - The relationship between demonstration benefits and realization rates is crucial, where demonstration benefits are based on hypothetical investment scenarios, while realization rates reflect actual performance [8][9]. - To enhance realization rates, companies must set reasonable demonstration rates and improve investment capabilities, especially for already sold policies [11]. Evaluation Criteria for Life Insurance Companies - Long-term assessment of realization rates should consider historical data, stability of dividend policies, and the company's long-term investment returns [13]. - Companies should maintain a safe solvency margin and healthy risk ratings, focusing on those with stable operations [13]. - Currently, 42 companies meet the criteria set by "13精," with New China Life Insurance leading in average realization rates for 2024 [14]. New China Life Insurance Performance - New China Life Insurance reported an average realization rate of 156.1% over the past five years, ranking first among 27 companies [15]. - In 2024, 80 participating insurance products were disclosed, with 63 products achieving or exceeding a 100% realization rate, reflecting strong investment return capabilities [17]. - The company has shown excellent long-term investment returns, with an average total investment return rate of 5.1% from 2015 to 2024, and total assets reaching 1.78 trillion yuan, indicating robust market validation of its investment capabilities [17][18].
预定利率逐渐降低的分红险，更考验险企兑现非保证红利的诚意和实力，新华保险红利实现率行业领先！