2025三季度寿险公司偿付能力排行榜：长生人寿低于100%，1家低于120%，1家风险评级为C！

Core Insights - The article discusses the solvency ratios of various life insurance companies for the third quarter of 2025, highlighting the performance and trends in the industry [1][2][3]. Solvency Ratios Overview - A total of 73 life insurance companies have disclosed their solvency ratios for Q3 2025, with the solvency adequacy ratio and core solvency adequacy ratio being key metrics [1][2]. - The top three companies in terms of comprehensive solvency adequacy ratio are: 1. People's Insurance Pension: 1251.6% (down 76 points) 2. China Life Pension: 1055.1% (down 40 points) 3. New China Life Pension: 970.6% (down 21 points) [2][3]. Investment Returns and Profitability - The annualized investment return for life insurance companies averaged 4.96% in Q3 2025, an increase of nearly 1.3 percentage points year-on-year, leading to a significant rise in net profits [10][11]. - The net profit for 72 life insurance companies reached 461.96 billion, a year-on-year increase of approximately 176.5 billion, representing a growth of nearly 62% [10][11]. Regulatory Changes and Market Impact - The article notes that the solvency ratios have been affected by external factors such as interest rate fluctuations and market conditions, with over 80% of companies experiencing a decline in their comprehensive solvency adequacy ratio compared to the previous quarter [21][22]. - Regulatory adjustments have been made to encourage insurance companies to increase their equity investments, including a reduction in risk factors for stock investments [27][28]. Company-Specific Issues - Longsheng Life Insurance has been identified as having a solvency adequacy ratio below 100%, indicating a failure to meet solvency standards [12][14]. - One company, Beida Fangzheng, reported a comprehensive solvency adequacy ratio below 120%, which raises concerns about its financial stability [16][18]. Conclusion - The article emphasizes the importance of solvency ratios as indicators of an insurance company's ability to meet its obligations to policyholders, while also highlighting the impact of market conditions and regulatory changes on the industry [11][12].