上个月去银行办事，遇到了做保险代理的老同学小陈。他看起来有点沮丧，聊起来才知道，最近客户经 常问他一个问题："听说有保险公司倒闭了，买保险还安全吗？"这个问题确实让很多保险从业者感到困 扰，也让不少消费者对保险行业产生了疑虑。 我们仔细了解了一下保险行业的实际情况，发现确实有一些保险公司在经营过程中遇到了困难。近年 来，确实有几家保险公司因为各种原因被接管或进行了重组，这在行业内引起了不小的关注。 从具体案例来看，安邦保险集团的情况比较特殊。2018年，由于违法违规经营，安邦保险集团被保险监 管部门接管。经过几年的整顿和重组，其主要业务最终分拆转让给了其他保险公司。这个过程中，保单 持有人的权益得到了充分保障。 我们了解到，在安邦保险被接管期间，客户的保单继续有效，理赔服务正常进行。没有出现客户因为公 司问题而损失保险保障的情况。这说明即使保险公司出现经营问题，监管部门也会采取措施保护消费者 权益。 从监管机制来看，我国对保险行业的监管确实比较严格。保险保障基金、偿付能力监管、风险处置机制 等多重保障措施，为保险消费者提供了较为完善的保护。即使真的有保险公司无法继续经营，也有相应 的处置预案。 我们从保险监管 ...

临近年底，保险公司发债出现小高峰。11月以来，已有中邮人寿、英大泰和人寿、中再产险、紫金财 险、平安产险、招商仁和人寿成功发行永续债或资本补充债券。 2023年和2024年，保险公司发行资本补充债和永续债均突破千亿元规模。《每日经济新闻》记者统计全 国银行间同业拆借中心信息发现，2025年以来，已有19家保险公司成功发行资本补充债或永续债，规模 合计741.7亿元，较前两年有所回落，但仍处于历史高位。值得关注的是，年内永续债成险企融资新 宠，目前已发行10笔，规模约500亿元，占比近七成。 业内人士在受访时认为，临近年底的发债小高峰，以及持续的千亿元级发债规模，核心驱动因素是险企 为满足业务发展、偿付能力充足率等监管要求，进行常态化的资本补充，以增强风险抵御能力。 天职国际保险咨询主管合伙人周瑾在接受《每日经济新闻》记者采访时表示，持续补充资本是当前行业 普遍需求，因为从股东出资能力和意愿角度看，股权增资难度较大，所以普遍尝试通过多种渠道补充资 本，资本补充债和永续债是近年来的主流方式。今年以来，发债补充资本态势整体呈现出"总量下降但 仍然高企，结构偏向永续债，以及不同主体在方式选择上出现分层"等特点。 19 ...

Core Viewpoint - Insurance companies are experiencing a peak in bond issuance as they seek to supplement capital through perpetual bonds and capital replenishment bonds, driven by regulatory requirements and business development needs [1][2][4]. Group 1: Bond Issuance Trends - In November 2025, several insurance companies, including China Post Life and Ping An Property & Casualty, successfully issued perpetual bonds or capital replenishment bonds, contributing to a total issuance of 741.7 billion yuan in 2025 [1][2]. - The issuance of perpetual bonds has become increasingly popular, with 10 out of 20 bonds issued in 2025 being perpetual bonds, amounting to approximately 500 billion yuan, which accounts for nearly 70% of the total [2][4]. - The overall trend shows a decrease in total bond issuance compared to previous years, but the levels remain historically high, indicating a shift towards perpetual bonds [1][8]. Group 2: Regulatory and Market Factors - The issuance of bonds is primarily driven by the need for insurance companies to meet regulatory requirements regarding solvency and capital adequacy [1][4]. - The current low-interest-rate environment has created favorable conditions for insurance companies to issue bonds at lower costs, with rates ranging from 2.15% to 2.8% in 2025, compared to higher rates in previous years [9][10]. - The introduction of the "Solvency II" rules has led to a surge in bond issuance from 2023 to 2024, with companies seeking to enhance their capital positions [8]. Group 3: Company-Specific Issuances - Notable issuances include China Post Life's 12.7 billion yuan perpetual bond and Ping An Property & Casualty's 60 billion yuan capital replenishment bond, reflecting the diverse strategies employed by different companies [2][3]. - Major life insurance companies, such as Ping An Life and Taikang Life, have issued perpetual bonds ranging from 10 billion to 130 billion yuan, showcasing their capacity to meet the higher issuance thresholds [2][4]. - The trend indicates that larger insurance firms are more likely to issue perpetual bonds due to their stronger capital positions, while smaller firms tend to rely on capital replenishment bonds [4].

Core Insights - The banking sector in China reported a net profit of 1.9 trillion yuan for the first three quarters of 2025, with stable profitability levels indicated by an average capital return rate of 8.18% and an average asset return rate of 0.63% [1] - There was an increase in non-performing loans (NPLs) in the third quarter, with the NPL balance rising to 3.5 trillion yuan and the NPL ratio increasing to 1.52% [1] - The banking industry's risk compensation capacity has strengthened, with a loan loss provision balance of 7.3 trillion yuan and a provision coverage ratio of 207.15% [2] Banking Sector Performance - As of the end of Q3 2025, the total assets of China's banking sector reached 474.3 trillion yuan, reflecting a year-on-year growth of 7.9% [3] - Large commercial banks accounted for 43.9% of total banking assets, with a total of 208.1 trillion yuan, growing by 10% year-on-year [3] - The asset growth rate for insurance companies accelerated, with total assets reaching 40.4 trillion yuan, a 12.5% increase from the beginning of the year [3] Financial Services and Support - The banking sector has increased its support for inclusive finance, with loans to small and micro enterprises reaching 36.5 trillion yuan, a year-on-year growth of 12.1% [4] - Insurance companies reported a premium income of 5.2 trillion yuan for the first three quarters of 2025, marking an 8.5% increase year-on-year [4] - The number of new insurance policies issued reached 846 billion, reflecting a growth of 7.9% [4]

Group 1 - The core point of the article highlights that a provincial branch manager of Xinhua Life Insurance is under investigation for alleged job-related crimes, while no senior management has been referred to judicial authorities for illegal activities [2] - In the third quarter, Xinhua Life Insurance faced one administrative penalty from financial regulatory authorities, amounting to 30,000 yuan, primarily due to issues related to improper personal gains from insurance business by a comprehensive clerk [3] - As of the end of the third quarter, Xinhua Life Insurance's comprehensive solvency adequacy ratio was 234.15%, and the core solvency adequacy ratio was 154.27%, reflecting decreases of 21.86 percentage points and 16.45 percentage points, respectively, compared to the previous quarter [3]

本报讯 记者余嘉欣 孙榕报道 金融监管总局近日发布了2025年三季度银行业保险业主要监管指标数据。 数据显示，银行业和保险业总资产保持增长。三季度末，我国银行业金融机构本外币资产总额474.3万 亿元，同比增长7.9%。其中，大型商业银行本外币资产总额208.1万亿元，同比增长10%，占比43.9%； 股份制商业银行本外币资产总额76.2万亿元，同比增长4.7%，占比16.1%。三季度末，保险公司和保险 资产管理公司总资产40.4万亿元，较年初增加4.5万亿元，增长12.5%。其中，财产险公司3.2万亿元，较 年初增长9.9%；人身险公司35.4万亿元，较年初增长12.3%；再保险公司8615亿元，较年初增长4.1%； 保险资产管理公司1388亿元，较年初增长8.7%。 银行业和保险业金融服务持续加强。三季度末，银行业金融机构普惠型小微企业贷款余额36.5万亿元， 同比增长12.1%。普惠型涉农贷款余额14.1万亿元，较年初增加1.2万亿元。2025年前三季度，保险公司 原保险保费收入5.2万亿元，同比增长8.5%；赔款与给付支出1.9万亿元，同比增长7.6%；新增保单件数 846亿件，同比增长7.9%。 商 ...

北京商报讯（记者 胡永新）11月14日，金融监管总局发布2025年三季度银行业保险业主要监管指标数据情况。2025年三季度末，保险公司和保险资产管理 公司总资产40.4万亿元，较年初增加4.5万亿元，增长12.5%。其中，财产险公司3.2万亿元，较年初增长9.9%；人身险公司35.4万亿元，较年初增长12.3%； 再保险公司8615亿元，较年初增长4.1%；保险资产管理公司1388亿元，较年初增长8.7%。 2025年前三季度，保险公司原保险保费收入5.2万亿元，同比增长8.5%；赔款与给付支出1.9万亿元，同比增长7.6%；新增保单件数846亿件，同比增长 7.9%。 2025年三季度末，保险业综合偿付能力充足率为186.3%，核心偿付能力充足率为134.3%。其中，财产险公司、人身险公司、再保险公司的综合偿付能力充 足率分别为240.8%、175.5%、246.2%；核心偿付能力充足率分别为212.9%、118.9%、216.7%。 re and in the star and the w | | 机构概况 | | | 新闻资讯 当前位置:首页 > 新闻资讯 > 监管动态 来源： 办公厅 文章类型:原创 ...

Core Viewpoint - The issuance of 15 billion yuan in capital supplementary bonds by Caixin Jixiang Life Insurance reflects the company's urgent need for capital to enhance its solvency and support business development [2][4][5]. Group 1: Bond Issuance Details - Caixin Jixiang Life Insurance successfully issued 15 billion yuan in capital supplementary bonds on September 24, with a bond term of 5+5 years and a fixed interest rate of 2.75% for the first five years, increasing to 3.75% for the subsequent five years if not redeemed [3][4]. - The issuance was guaranteed by Hunan Caixin Financial Holdings Group, which provided unconditional and irrevocable joint liability guarantees for the principal and interest [3][5]. - This marks the second bond issuance by Caixin Jixiang Life Insurance in 2023, following a 10 billion yuan issuance in January [3][5]. Group 2: Capital Needs and Financial Health - The company has experienced five rounds of capital increases since its establishment, with the most recent increases in 2022 and 2023 being met with shareholder opposition, indicating challenges in securing additional capital [5][6]. - As of the end of the third quarter of 2025, the core solvency adequacy ratio was 95.79%, and the comprehensive solvency adequacy ratio was 172.63%, meeting regulatory standards but still indicating a need for further capital supplementation [5][6]. - The company anticipates that its solvency adequacy ratio may fall below management targets due to adverse market conditions, which could impact its operational activities [6]. Group 3: Management Changes - Recent reports indicate that Zhao Xuejun, the former general manager of Guolian Life Insurance, is set to join Caixin Jixiang Life Insurance as the new general manager, potentially ending a three-year vacancy in this position [9][10]. - The new management is expected to address the company's strategic goals, including maintaining a 12% annual growth rate in premium income from 2025 to 2026 [11]. Group 4: Business Performance and Challenges - Caixin Jixiang Life Insurance has maintained profitability in recent years, with net profits fluctuating from 0.23 billion yuan in 2019 to 6.73 billion yuan by the end of the third quarter of 2025 [10]. - The company faces challenges from market conditions, including a significant increase in reserves that has impacted profitability, and a decline in original premium income due to intensified competition [10][11].

Core Insights - Tongfang Global Life Insurance reported a comprehensive investment return rate of -2.81% for Q3 2025 and -0.09% for the first three quarters, with solvency declining due to market volatility affecting the value of available-for-sale financial assets [2][4] Financial Performance - Recognized assets for Q3 amounted to 5,105,460 million yuan, down from 5,145,506 million yuan in the previous quarter, with a forecast of 5,435,420 million yuan for the next quarter [3] - Recognized liabilities increased to 4,071,064 million yuan from 3,913,091 million yuan, with a projected increase to 4,290,585 million yuan [3] - Actual capital decreased to 1,034,396 million yuan from 1,232,416 million yuan, with a forecast of 1,144,835 million yuan [3] - Core solvency adequacy ratio fell from 161% to 130%, while comprehensive solvency adequacy ratio decreased from 205% to 165%, both remaining above regulatory requirements [3] Investment Performance - The market value of available-for-sale financial assets decreased by approximately 19.59 billion yuan due to market fluctuations, leading to a significant reduction in core capital [4] - The actual yield on 10-year government bonds rose to about 1.88%, higher than the previous quarter's prediction of 1.66%, resulting in a lower market value of available-for-sale financial assets by about 18 billion yuan [4] - The company increased its holdings in stocks and securities investment funds, leading to a rise in market risk exposure by approximately 3.21 billion yuan [4][5] Management Changes - Curtis Sherwin Chen was appointed as the new chairman of Tongfang Global Life Insurance, with three other executives also receiving approval for their positions [6] - The company reported a premium income of 37.27 billion yuan in Q1, but a net loss of 2.75 billion yuan, attributed to market fluctuations affecting the value of available-for-sale financial assets [6] Legal Issues - Since 2025, Tongfang Global Life Insurance has been involved in 33 legal cases, primarily related to personal insurance contract disputes [6]

Core Insights - The core viewpoint of the news is that 瑞泰人寿保险有限公司 (Ruitai Life Insurance) has reported significant financial losses in the third quarter of 2025, with a notable decline in both insurance revenue and net profit compared to previous quarters [1][2]. Financial Performance - In Q3 2025, the company achieved insurance business revenue of approximately 375 million yuan, with a net profit loss of 176,871.66 yuan, indicating a significant decline from the previous quarter [1][2]. - For the first three quarters of 2025, the total insurance business revenue was 1.28 billion yuan, with a net profit loss of 78.95 million yuan, compared to a loss of 40.52 million yuan in the same period last year [1][2]. - The comprehensive investment return rate for the first three quarters was -0.11%, with Q3 showing a rate of -2.07%, which is significantly lower than many peers in the industry [1][2]. Capital Adequacy - As of the end of Q3, the comprehensive solvency adequacy ratio and core solvency adequacy ratio were 197.08% and 146.87%, respectively, both showing a decline from the previous quarter by 26.39% and 25.48% [2][3]. - The decline in these ratios was attributed to a decrease in actual capital primarily due to floating losses and an increase in minimum capital requirements related to insurance and credit risks [2][3]. Cash Flow and Risk Ratings - The net cash flow from operating activities showed a negative deviation rate of 43.82% in Q3, an improvement from -50.31% in the previous quarter, with a net increase in policyholder deposits and investment funds of approximately 130 million yuan [3]. - The risk comprehensive ratings for Q1 and Q2 of 2025 were classified as B class BBB and B class BB, indicating significant risks in insurance operations and liquidity [3]. Regulatory Issues - The company faced administrative penalties totaling 650,000 yuan due to violations related to the misreporting of expenses and fictitious business promotion fees [4][5].