导语： 以资产端"稳中有进"托举负债端"价值提质"，两端协同发力，最终形成穿越周期波动的内生韧性。 "景深"视角 中国寿险业正在经历一次深层结构调整。 监管政策密集出台，使行业发展逻辑发生方向性变化。从营销渠道的"报行合一"改革，到长期利率下行背景下的产品定价与负债管理的重塑，再到 养老、健康等长期金融领域政策的不断加码。行业整体正从过去十余年的规模扩张阶段，向更加依赖以高质量发展为宗旨的中长期经营质量阶段转 轨。 在这样的背景下，今年以来寿险公司的业绩表现，呈现出一种分化且具有结构性的特征。上市险企普遍实现盈利改善，部分公司新业务价值维持两 位数增长，利润端受到资本市场阶段性回暖的正向带动。 但深入拆解便会发现，不少公司的增长，仍带有明显的短期驱动特征。 也正因如此，那些在市场波动中依然保持节奏稳定、增长来源更具内生性的机构，成为观察行业深度转型的重要窗口。 今年三季度，多家中大型寿险公司延续了年初以来的稳健态势。以合资险企群体为例，由于其资产配置较为体系化、负债端更注重期缴业务，以及 运营管理机制相对灵活，其业绩的波动性普遍更低。 在这类公司之中，中信保诚人寿前三季度实现保险业务收入278.3亿元，同比增 ...

Core Insights - The event "Trends Conference" hosted by CITIC Prudential Life Insurance and the knowledge service platform "Get" aimed to outline future trends through in-depth sharing and dialogue [1] - CITIC Prudential Life Insurance upgraded its group insurance "Xinfeng" product service solutions and released a joint asset allocation report with its subsidiary CITIC Prudential Asset Management and Hanya Investment [3] Group Insurance "Xinfeng" Product Upgrade - The upgraded "Xinfeng" product service solutions focus on three core aspects: precision in solutions, differentiation in products, and ecological service [5] - The design of the solutions creates a dual-layer protection structure of "employee benefits + family safety net," extending from basic welfare to family care [5] - The product matrix will cover various needs, transitioning from basic protection to precise safeguarding [5] - The service model shifts from traditional "post-claim" to "proactive health management," integrating medical, technological, and professional resources to establish a comprehensive health management service system [5] Collaboration and Market Insights - CITIC Prudential Asset Management and Hanya Investment deepened their collaboration to explore innovative paths in asset management, launching a joint brand report system for global market outlooks [3] - The first outcome of this collaboration is the "Global Market Outlook Report for Q4 2025," focusing on asset allocation rebalancing in an era of uncertainty [3] - The investment strategies discussed emphasize a return to fundamentals, advocating for "systematic investment" as a core principle to balance returns and risks in a low-interest, high-volatility market [4] - The integration of AI technology with asset management is highlighted as a key driver for industry evolution [4]