复星保德信人寿邹万红：穿越利率周期，构建“稳健+创新”双轮投资体系

Core Viewpoint - The article emphasizes the importance of sustainable investment strategies for insurance companies in a volatile global economic environment, highlighting the need for a robust investment framework that balances safety and growth [1][5][12]. Group 1: Investment Philosophy - The investment philosophy of the company focuses on long-term asset and liability matching rather than short-term profit maximization, prioritizing diversification, safety, and liquidity in asset allocation [2][3]. - The company aims to construct a "steady + innovative" investment system, integrating the risk management experience of its parent company with innovative investment strategies [5][12]. Group 2: Asset Allocation Strategy - The company employs a pyramid-shaped strategic asset allocation, targeting long-term stable returns from bonds, dividends, and operational income, while adjusting tactical asset allocations based on market conditions [5][11]. - The bottom layer of the asset allocation consists mainly of long-term government bonds to match life insurance liabilities, while the middle layer includes high-dividend, low-valuation blue-chip stocks for consistent cash flow [5][11]. - The top layer is flexible, focusing on capturing market opportunities and enhancing overall portfolio returns through innovative tools [5][11]. Group 3: Market Response and Risk Management - The company actively responds to market fluctuations, viewing volatility as an opportunity for investment, and has successfully executed tactical strategies to enhance returns during market movements [7][9]. - A comprehensive risk management framework is in place, covering all stages of investment, and the company utilizes various hedging tools to manage risk exposure effectively [8][9]. Group 4: Performance and Future Outlook - The company has demonstrated strong investment performance, with a comprehensive investment return rate of 9.36% in 2024 and an average return of 5.21% over the past three years [9]. - Looking ahead, the company plans to maintain a long-term perspective while innovating its investment strategies, focusing on diverse asset classes and dynamic adjustments to asset allocation based on market trends [10][11][12].