Core Insights - Xinhua Life Insurance Co., Ltd. reported a significant growth in its mid-term performance for 2025, with total revenue reaching 70.041 billion yuan, a year-on-year increase of 26% [1] - The company's original insurance premium amounted to 121.3 billion yuan, reflecting a year-on-year growth of 22.7% [1] - New business value surged to 6.182 billion yuan, marking a substantial increase of 58% compared to the previous year [1] - Net profit attributable to shareholders of the parent company reached 14.8 billion yuan, up 33.5% year-on-year [1] - The annualized total investment return rate improved to 5.9%, an increase of 1.1 percentage points year-on-year [1] - Total assets of the company reached 1.78 trillion yuan, representing a 5% increase from the end of the previous year [1]

智通财经APP讯，中国人寿(601628.SH)发布2025年半年度报告，截至本报告期末，总资产突破7万亿 元，达7.29万亿元，净资产达5,355.99亿元，内含价值为1.48万亿元。报告期内，总保费达5,250.88亿 元，增速创近五年同期新高，上半年新业务价值达285.46亿元，实现快速增长，规模、价值继续保持行 业领先。实现归属于母公司股东的净利润409.31亿元，同比增长6.9%。董事会建议派发2025年中期现金 股息每10股2.38元(含税)，中期现金分红达67.27亿元。 ...

投资业务方面，中国人保上半年积极把握资本市场投资机会，优化权益结构，拉长资产久期，实现总投 资收益414.78亿元，同比增长42.7%；年化总投资收益率5.1%，同比提升1.0个百分点。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 韩宋辉）中国人保8月27日发布半年报称，公司上半年实现归母净利润265.3 亿元，同比增长16.9%；实现保险服务收入2802.50亿元，同比增长7.1%。 ...

截至2025年6月30日，集团总资产18,781.02亿元，较上年末增长6.3%;净资产3,906.38亿元，较上年末增 长6.3%;综合偿付能力充足率为276% ，核心偿付能力充足率为219% ，资本实力充足。 该集团业务发展持续向好，2025年上半年实现保险服务收入2802.50亿元，同比增长 7.1%;原保险保费收 入为4,546.25亿元，同比增长6.4%。投资资产规模稳步增长，截至 2025年6月30日，集团投资资产规模 突破1.7万亿元，较年初增长7.2%。 财产险业务方面，人保财险有力塑造发展优势，财产险市场份额33.5% ，保持行业首位;经营活动现金 净流入同比增长26.6% ，流动性水平显著提高;综合成本率94.8% ，同比下降1.4个百分点。人身险业务 方面，经营质效不断改善。人保寿险半年新业务价值可比口径下同比增长 71.7%;期交保费占原保险保 费收入的79.5% ，同比提升0.9个百分点;13个月保费继续率 96.4% ，同比提升0.4个百分点。人保健康半 年新业务价值可比口径下同比增长51.0%;首年期交保费同比增长52.3% ，互联网长期险首年期交保费同 比增长110.6%。投资 ...

北京商报讯（记者 胡永新）8月20日，众安在线财产保险股份有限公司（以下简称"众安保险"）发布 2025年中期业绩报告。截止2025年6月30日，众安保险实现总保费166.61亿元，同比增长9.3%；报告期 内，众安保险的综合成本率为95.6%，同比改善2.3个百分点。该公司上半年承保利润6.56亿元，承保利 润增长108.9%，同时公司投资收益稳健，且数字银行业务历史性扭亏为盈，公司归母净利润达6.68亿 元，较2024年同期提升1103.5%。 ...

Core Viewpoint - New China Life Insurance (601336.SH) has reported strong financial performance for Q1 2025, with significant growth in premium income and net profit, indicating a robust business trajectory in the insurance sector [1][2]. Group 1: Q1 2025 Performance - In Q1 2025, New China Life achieved original insurance premium income of 73.218 billion yuan, a year-on-year increase of 28% [1] - The company reported operating revenue of 33.4 billion yuan, up over 26% year-on-year [1] - Net profit attributable to shareholders reached 5.882 billion yuan, reflecting a 19% increase compared to the previous year [1] - The first-year premium for long-term insurance was 27.236 billion yuan, showing a remarkable growth of 149.6% [1] - The first-year regular premium for long-term insurance was 19.471 billion yuan, with a year-on-year increase of 117.3% [1] Group 2: 2024 Annual Report - For the full year 2024, New China Life reported operating revenue of 132.555 billion yuan, an increase of 85.3% year-on-year [1] - The net profit attributable to shareholders for 2024 was 26.229 billion yuan, marking a substantial growth of 201.1% [1] - By the end of 2024, the company's net asset per share was 30.85 yuan, down 8.4% from the end of 2023 [1] - The company outperformed four other A-share listed insurance companies in net profit growth for 2024 [1] Group 3: Key Financial Metrics - In 2024, New China Life's original insurance premium income reached 170.5 billion yuan, total assets amounted to 1.69 trillion yuan, and net profit was 26.229 billion yuan, all setting historical highs [2] - The new business value for the year was 6.253 billion yuan, with a year-on-year growth of 106.8% [2] - The comprehensive investment return rate was 8.5%, a significant increase of 5.9 percentage points year-on-year [2] - The solvency adequacy ratio stood at 217.55%, with a core solvency adequacy ratio of 124.07% [2] - By the end of 2024, total assets were 1.692297 trillion yuan, and total liabilities were 1.596028 trillion yuan, resulting in a net asset of 96.269 billion yuan, down 8.4% from the previous year [2]

Investment Rating - The report maintains a "Buy" rating for the company [2][7] Core Views - The company demonstrated strong performance on both asset and liability sides, with a notable year-on-year increase in net profit and new business value (NBV) [5][7] - The company's net profit for Q1 2025 reached 5.882 billion yuan, reflecting a year-on-year growth of 19.0% [5] - The NBV saw an impressive year-on-year increase of 67.9%, driven by a strong performance in new business, particularly in long-term insurance [5][9] Financial Data and Profit Forecast - The company is projected to achieve a net profit of 26.902 billion yuan in 2025, with a year-on-year growth of 2.56% [8][10] - The estimated total revenue for 2025 is 100.98 billion yuan, representing a year-on-year decline of 23.82% [8][10] - The company's price-to-earnings (P/E) ratio for 2025 is estimated at 5.52, while the price-to-embedded value (P/EV) is projected at 0.53 [8][10] Business Segment Performance - The individual insurance segment saw a year-on-year increase of 122.8% in new business, reaching 12.312 billion yuan [9] - The bancassurance channel also experienced significant growth, with new business increasing by 168.1% year-on-year to 15.060 billion yuan [9]

中国太平：2024年股东应占溢利84.32亿港元，同比 增长36.2% 3月24日，中国太平发布截至2024年12月31日止年度业绩。集团总资产突破1.7万亿港元，较2023年末增长14.9%；股东 应占溢利84.32亿港元，同比增幅达到36.2%。保险服务收入1113亿港元，同比增长3.5%；保险服务业绩220.24亿港 元，同比增长18.8%。 人寿保险业务溢利突破100亿港元，同比增长11.6%；境内财产保险业务溢利8.04亿港元，同比增长831.0%；再保险业 务溢利9.57亿港元，同比增长187.5%，主要原因为该等业务净投资业绩均较去年上升。 太平人寿保险服务收入同比增长5.9%，保险服务业绩同比增长19.9%，主要原因为境内寿险业务表现优异；其中，境 内寿险保险服务收入同比增长4.6%，保险服务业绩同比增长23.5%。 太平财险保险服务收入同比增长3.5%，综合成本率98.1%；车险保险服务收入同比增长2.8%；续保率同比提升1.9个百 分点；非车险保险服务收入同比增长4.8%，业务结构持续优化。 2024年12月末，集团投资资产15621亿港元，较去年末增长15.8%，实现净投资收益503.3 ...