有一家公司最近披露了长达20年的分红实现率，这才是对“长期主义”的最好诠释！

Core Viewpoint - Dividend insurance products have outperformed bank wealth management products in customer yield for five consecutive years, with an average customer yield of 3.2% for 2024, compared to 2.65% for bank wealth management products [4][6]. Group 1: Comparison of Customer Yields - The average customer yield for dividend insurance products in 2024 is 3.2%, which is stable year-on-year [4]. - The weighted average yield for over 40,000 existing bank wealth management products is 2.65% [6]. - From 2020 to 2024, dividend insurance products consistently provided higher customer yields than bank wealth management products [6]. Group 2: Advantages of Dividend Insurance Products - Dividend insurance products offer dual advantages of long-term equity allocation and "semi-guaranteed" protection, which contribute to their higher yields [7]. - The investment yield of dividend products is influenced by the long-term investment returns of insurance companies, which are determined by the allocation and yield of fixed-income and equity assets [9]. - Insurance companies can invest in long-term assets due to the long duration of liabilities, allowing for better cross-cycle asset allocation compared to the short-term nature of bank wealth management products [11]. Group 3: Risk Management and Investment Capability - The potential for high returns in dividend insurance products places higher demands on the investment management and risk control capabilities of insurance companies [12]. - Dividend insurance products maintain a "semi-guaranteed" feature through a combination of guaranteed interest rates and floating returns, providing a safety net for customer returns [12]. - The ability to manage long-term assets effectively is increasingly important as guaranteed interest rates decline, impacting the sustainability of floating dividends [12]. Group 4: Evaluating Insurance Companies - To assess the dividend strength of insurance companies, it is essential to consider long-term dividend realization rates, long-term investment returns, solvency adequacy, and overall operational stability [13]. - A total of 40 companies meet the criteria set by "13精" for strong dividend capabilities, with 中意人寿 being highlighted for its long-term performance and transparency in dividend realization rates [14][15]. Group 5: 中意人寿's Performance - 中意人寿 has reported a cumulative policy dividend payout of 10 billion yuan and has maintained profitability for 16 consecutive years [15]. - The company has increased transparency by disclosing nearly 20 years of dividend realization rates, averaging 110%, setting a benchmark in the industry [17][18]. - This proactive disclosure aligns with regulatory expectations and reflects the company's commitment to customer-centric, long-term business practices [18][19].