未来，信泰保险将继续秉持初心，坚守"信守万家，泰护一生"的企业使命，在金融强国建设的新征程 中，持续深化服务内涵，拓展生态外延，以更专业的金融力量服务国家战略，助力人民对美好生活的向 往，为经济社会的高质量发展注入稳健而温暖的保险动能。 保险频道更多独家策划、专家专栏，免费查阅>> 科技赋能，重塑有温度的服务体验。信泰保险致力于以数字技术破解服务痛点，打造了线上线下无缝融 合的全渠道服务网络。业内领先的"空中柜面"系统，让远程视频服务成为现实；智能化适老化改造，则 让老年群体跨越数字鸿沟，畅享便捷服务。公司通过科技手段，将无形的承诺转化为可感知、易获得的 贴心守护。 效率至上，兑现有速度的坚实承诺。在理赔服务这一核心环节，信泰保险通过流程再造与科技应用，构 建了高效稳健的运营体系。无论是小额案件的极速处理，还是重大案件的专业全程支持，公司都以实际 行动诠释"信守"二字的重量，在客户最需要支持的时点，提供最坚实的经济保障与心理慰藉。 生态融合，开拓"保险+康养"的新样本。前瞻人口结构变化趋势，信泰保险率先布局，将保险保障与健 康养老服务深度耦合。公司不仅创新研发"长者"系列专属产品，更通过战略合作深入社区，打造 ...

人口红利逐渐减退、市场利率持续下行，保险业告别"人海战术"，寻找新的增长极。在监管引导与需求 升级的双重驱动下，"保险+康养"被迅速推向台前。 从早期的零星试点到如今几乎成为行业共识的"第 二增长曲线"，"保险+康养"赛道正从跑马圈地转向精耕细作。 中央金融工作会议明确提出"做好金融五篇大文章"，为保险业融入国家战略、服务实体经济与社会民生 指明方向。信泰保险作为总部位于浙江的国有控股险企，贯彻落实浙江高质量发展建设共同富裕示范区 的战略部署，依托区域资源与政策优势，聚焦养老金融，探索"保险+康养"新模式，为更广泛的老年群 体提供有温度、有品质的养老保障与康养服务。 同时，信泰保险股东方雄厚的综合实力，及其近十年精耕细作的养老产业发展布局，也为"保险+康 养"按下了加速键。 公开资料显示，物产中大集团为信泰保险的第一大股东，该公司连续15年入围世界500强。 信泰保险凭借与第一大股东物产中大（600704）集团深度的资源整合，通过"保险产品+养老服务"的优 势互补，联合打造集"风险保障+健康服务+生活权益"于一体的国企康养合作样本。让保险真正从一份 合同转变为可感知、可享受的服务，切实提升老年人的安全感与幸福 ...

来源：险企观察 经营业绩：数字高增背后的动力与隐忧 监管罚单：内控缺陷的明确信号 成立于2018年2月的北京人寿保险股份有限公司，是一家年轻的寿险市场主体。在经历了开业初期的行 业性亏损后，公司近年来交出了一份看似强劲的业绩"逆袭"答卷，净利润连年飙升。2025年上半年，其 保险业务收入和净利润同比分别增长24.44%和834.05%的数据，更是令其在中小险企中显得格外突出。 然而，在亮眼的高增长曲线之下，一系列隐忧正悄然浮现。从监管的罚单到并不稳固的股东结构，从单 一的业务模式到尚存疑问的内控能力，北京人寿的"高质量"发展之路，实则布满了需要审慎审视的挑战 与问号。 然而，拆解其盈利结构可以发现，强劲的利润增长并非完全源于保险主业的"内生性"繁荣，投资端的表 现扮演了至关重要的角色，且波动性不容忽视。2024年，北京人寿的公允价值变动收益高达2.63亿元， 而2023年同期为亏损状态；其中，股票和基金投资收益合计贡献了2.07亿元，占公允价值变动收益的逾 80%。这清晰地表明，权益市场的波动对公司当期利润产生了决定性影响。尽管公司强调其坚持稳健投 资理念，2025年上半年投资收益率达3.65%，位列行业前列 ...

(责任编辑：马欣) 12月16日，富德生命人寿上海分公司"健康生命 美好生活"康养项目发布会暨展厅2.0揭幕仪式在上海锦江汤臣洲际大酒店顺利举行。上海市保险同业公 会副秘书长胡晓东、富德生命人寿总经理助理陈黎亲临现场，上级党委相关领导、街道社区负责人、渠道合作伙伴、新老客户代表齐聚一堂，共同见证保险 与康养产业深度融合的重要时刻。 富德生命人寿总经理助理陈黎在《推进康养大战略，共绘富德新征程》报告中介绍，"美好生活"项目"把养老社区带回家""把养老服务写进保险合 同""一代人买两代人用""门槛更低全民可享"等独特优势，彰显了险企护航民生福祉的实干担当和创新之举。除了"适老化"到"去老化"的项目升级，富德未来 将进一步建设多维康养服务生态，与社会各界携手，助力中国式现代化养老事业发展。 在热烈的掌声与倒计时中，9位嘉宾代表共同登台启动仪式，标志着富德生命美好生活展厅实现长三角经济区全面覆盖。揭幕仪式后，与会嘉宾移步2.0 展厅沉浸式体验，亲身感受从"安全兜底"到"活力释放"的升级亮点：定制化防滑扶手、多功能电动床等适老设施，为长者日常起居提供便利；轻便出行助 手、智能移动座驾等践行"去老化"理念，助力长者突破身 ...

深耕养老产业十余年，太平洋保险养老产业投资管理有限责任公司（以下简称"太保养投"）以"服务新时代美好养老生活"为使命，以"快乐、健康、长 寿"为品牌价值主张，致力于为中国家庭提供幸福养老解决方案，助力银发经济高质量发展。作为中国太平洋人寿保险股份有限公司旗下深耕养老领域的 全资子公司，太保养投在提供"养老+金融"服务方面具有显著优势，能够为有资产管理需求的老年人群及其家庭提供多元化、个性化解决方案。截至目 前，已投资落地项目15个，总建筑面积136.8万平方米，投资床位数超16000张。 以上图片均为实景拍摄 聚焦京津冀 实现"更精、更近、更老" 作为北京经济技术开发区与中国太保集团战略合作落地的重点项目，太保家园·北京国际颐养社区坐落于北京大兴区亦庄新城核心区，毗邻住总万科广场 等商业综合体，紧邻地铁亦庄线旧宫站，交通便利且配套完善。周边生态资源优渥，推窗可俯瞰凉水河河景。社区建筑面积超过6万平方米，包含418套 养老公寓，布局乐养公寓、活力公寓、护理公寓等不同服务业态，以满足京津冀多元化养老需求，助力京津冀地区养老服务体系升级。 作为太保养投"南北联动"战略的重要一环，太保家园·北京国际颐养社区深化"更精 ...

"破局的关键在于从客户、企业、行业、社会四个维度共同发力，建立一套专业、公正的第三方评估体 系。"任晓澍坦言，同方全球人寿汲取了外方股东的全球先进经验，正式推出了其养老机构评估的"六大 核心维度"。这六个维度全面覆盖了长者晚年生活的核心需求：位置与交通、环境与生活空间、适老化 与安全、医疗与健康、管理与服务、膳食与娱乐，能够助力客户从"有选择"实现"优选择"。通过透明、 客观的评估结果，有效降低信息不对称，帮助老年群体在纷繁复杂的市场中，精准定位符合自身需求与 期望的理想居所；同时，也为养老服务机构提供了清晰的品质对标与提升方向。通过参与评估，机构能 够识别在运营、服务、医养结合等方面的短板，持续优化改进，从而构筑起自身的"核心竞争壁垒"。 养老供需错位规模扩张的背后是结构性失衡 随着中国社会老龄化程度的持续加深，"十四五"时期，适合我国国情的中国特色养老服务体系正在加速 构建，五年间，我国各类养老服务机构和设施增长近1倍。截至2024年底，全国养老机构和设施达到 40.6万个。而数据显示，2024年全国养老机构平均入住率不足50%，部分区域甚至出现床位空置率超 60%。这一数据与庞大的供给规模形成鲜明对比， ...

Core Viewpoint - The insurance industry is experiencing a competitive "opening red" period in 2026, with dividend insurance products taking center stage, utilizing "hunger marketing" strategies to stimulate consumer purchases and establish a strong performance foundation for the coming year [1][2][3]. Group 1: Sales Strategies - A life insurance company reported that their limited sales dividend insurance product achieved over 60% of its sales target within just four days of launch, indicating strong market demand [1][2]. - The "hunger marketing" strategy, characterized by limited-time and limited-quantity sales, has proven effective in rapidly boosting sales, with premium sales exceeding one hundred million yuan [2][3]. - The dividend insurance products are backed by high-quality assets, such as rental properties and state-owned enterprise projects, which are expected to yield an estimated return of around 3.2% [1][2]. Group 2: Product Features and Market Trends - Dividend insurance products are positioned as having a "fixed + floating" return characteristic, supported by investments in quality assets, which enhances their appeal in the current market [2][3]. - The insurance industry is shifting towards integrating health and wellness services with insurance products, reflecting a broader trend of moving from "risk compensation" to "risk management and services" [3][4]. - In the first three quarters of the year, insurance companies have significantly increased their focus on dividend insurance and floating return products, with China Life's floating return business seeing a more than 45 percentage point increase in first-year premium share compared to the previous year [3][4]. Group 3: Consumer Guidance - Industry experts emphasize the need for consumers to make rational decisions when purchasing dividend insurance, as the actual returns are uncertain and can be influenced by various factors [4][5]. - Consumers are advised to assess their own and their family's risk gaps and understand the implications of guaranteed rates and historical dividend performance before purchasing [5][6]. - The sustainability of the high returns promised through quality asset packaging is questioned, suggesting that insurance companies should focus on long-term development rather than short-term sales strategies [5][6].

Investment Rating - The investment rating for the company is "Outperform the Market" [6] Core Views - The company has shown steady growth in insurance investments and a continuous improvement in new business value, with a 10.95% year-on-year increase in net profit attributable to shareholders in the first half of 2025 [1] - The new business value of Taibao Life Insurance reached 9,544 million yuan, a significant increase of 32.3% year-on-year, with a new business value rate of 15.0% [2] - The company is focusing on building an "insurance + health care" integrated ecosystem, enhancing operational efficiency and risk control through intelligent services [1] Financial Performance Summary - Total operating revenue for the first half of 2025 was 2,004.96 billion yuan, up 3.01% year-on-year, with total profit reaching 322.59 billion yuan, a 9.74% increase [1] - The company achieved an insurance service income of 968.31 billion yuan in the first half of 2025, reflecting a 4.0% year-on-year growth [3] - The comprehensive cost ratio for underwriting improved to 96.3%, a decrease of 0.8 percentage points year-on-year, with underwriting profit increasing by 30.9% to 35.5 billion yuan [3] Investment Strategy and Forecast - The company is increasing its direct investment in bonds and stocks, achieving a total investment return rate of 2.3% in the first half of 2025 [4] - The earnings per share (EPS) forecast for 2025 to 2027 is 4.77, 4.90, and 5.08 yuan per share, respectively, with the current stock price corresponding to P/EV ratios of 0.59, 0.51, and 0.45 [4][5] - The company maintains its earnings forecast for 2025 to 2027, indicating a stable transition strategy and solid operational results [4]

Core Insights - China Pacific Insurance (CPIC) reported a steady growth in revenue and profit for the first half of 2025, with total revenue reaching 200.5 billion yuan, a year-on-year increase of 3.0% [1] - The group's net profit attributable to shareholders was 27.9 billion yuan, reflecting an 11.0% increase compared to the previous year [1] - The group's operating profit also saw a rise of 7.1%, amounting to 19.9 billion yuan [1] Financial Performance - Total revenue for the first half of 2025 was 200.5 billion yuan, with insurance service revenue at 141.8 billion yuan, marking a 3.5% growth [1] - The intrinsic value of the group increased by 4.7% to 588.9 billion yuan [1] - Total managed assets reached 3.77 trillion yuan, up 6.5% from the end of the previous year [1] Business Development - CPIC expanded its inclusive insurance coverage, with health insurance policies covering 240 cities and 460 million people [1] - The company provided agricultural insurance protection exceeding 400 billion yuan, serving over 2,700 small and micro enterprises [1] - The "Insurance + Health" integration model was further developed, with the "Taibao Home" elderly care community operating in nine cities and ten parks, accommodating over 2,000 residents [1] Strategic Focus - The company emphasizes value and efficiency, continuously enhancing its core capabilities and deepening the "Insurance + Health + Elderly Care" ecosystem [2] - CPIC's business scale is steadily growing, reinforcing its market position and enhancing its comprehensive strength [2] - The company aims to improve the quality and effectiveness of its services to the real economy and public welfare, further showcasing its market leadership and brand influence [2]

Core Viewpoint - The mid-year performance report of China Ping An Insurance reveals steady growth in operational profit and net profit, alongside a significant increase in new business value, driven by strategic investments and AI integration in operations [1][2][3]. Financial Performance - In the first half of 2025, China Ping An achieved an operational profit of 77.732 billion yuan, a year-on-year increase of 3.7%, and a net profit of 68.047 billion yuan, with total revenue reaching 500.076 billion yuan [1]. - The company announced a mid-term dividend of 0.95 yuan per share, reflecting a 2.2% increase, continuing its trend of rising dividends for 13 consecutive years [1]. Investment Strategy - The investment portfolio of China Ping An yielded a non-annualized comprehensive investment return of 3.1%, up by 0.3 percentage points year-on-year, with a ten-year average net investment return of 5% [2]. - The company emphasizes a long-term investment approach, focusing on value and technology growth in equity investments, while actively managing fixed-income investments [2]. New Business Value Growth - The new business value from life and health insurance increased by 39.8% year-on-year, reaching 22.335 billion yuan, with a new business value rate up by 9 percentage points [3]. - The agency channel saw a 17% increase in new business value, while the bank insurance channel experienced a substantial growth of 168.6% [3]. AI Integration - China Ping An is leveraging AI to enhance its financial services, with significant data accumulation and application across various scenarios, including insurance and healthcare [4][5]. - The company reported 8.18 billion calls to its AI models in the first half of 2025, with applications in customer service and fraud detection leading to substantial cost reductions and efficiency improvements [5]. Healthcare and Elderly Care Strategy - The company is actively building a "insurance + healthcare" ecosystem, with nearly 70% of new business value coming from clients with access to healthcare services [6]. - In the first half of 2025, health insurance premium income reached nearly 87 billion yuan, with medical insurance premiums exceeding 41 billion yuan, reflecting a 3.3% year-on-year growth [6]. Elderly Care Initiatives - China Ping An is developing a comprehensive healthcare service model, including internet medical platforms and home care services, covering 85 cities and serving over 130 million clients [7]. - The company's investments in healthcare and elderly care are expected to enhance customer satisfaction and drive revenue growth through cross-selling opportunities [7].