Core Viewpoint - Lincoln National Corporation (NYSE:LNC) is currently viewed as an extreme value stock, with mixed ratings from analysts, indicating differing perspectives on its investment potential [1][2]. Analyst Ratings - J.P. Morgan analyst Jimmy Bhullar has reiterated a Sell rating on Lincoln National Corporation with a price target of $42 [1]. - Conversely, Wells Fargo upgraded Lincoln National from Equal Weight to Overweight, raising its price target from $41 to $48, suggesting a potential upside of 45% from current levels [2]. Financial Outlook - Wells Fargo noted that Lincoln National's business momentum is strengthening, driven by higher free cash flows, increased capital returns to shareholders, and ongoing deleveraging [2][3]. - The firm anticipates that Lincoln National will restart share repurchases in 2026, with an expected acceleration in buybacks in 2027 and 2028 [3]. Company Background - Lincoln National Corporation, based in Radnor, Pennsylvania, was founded in 1968 and provides insurance and retirement policies through its subsidiaries [3].

Group 1 - Corebridge Financial Inc. (NYSE:CRBG) is identified as one of the extreme value stocks to buy now, despite receiving multiple downward target price revisions from analysts [1] - Barclays lowered its price target for Corebridge from $34 to $33, while TD Cowen reduced it from $38 to $35 [1] - Morgan Stanley also adjusted its price target from $35 to $32, maintaining an Equal Weight rating, indicating manageable exposure to private credit for life insurers [2] - Wells Fargo revised its price target from $37 to $36 while reiterating an Overweight rating, following a revision of fourth-quarter guidance across the sector [3] Group 2 - Corebridge Financial Inc. specializes in providing retirement solutions and insurance products for both individuals and corporations, and is based in Houston, Texas [4]

Core Viewpoint - Equitable Holdings Inc. (NYSE:EQH) is identified as one of the extreme value stocks to consider for investment, with analysts maintaining a generally positive outlook despite some recent adjustments to price targets [1][2]. Price Target Adjustments - J.P. Morgan analyst Jimmy Bhullar has maintained a Buy rating on EQH with a target price of $58 [1]. - Morgan Stanley analyst Bob Huang has lowered the price target from $59 to $54 while keeping an Overweight rating [2]. - Wells Fargo analyst Elyse Greenspan reduced the price target from $60 to $57, also maintaining an Overweight rating [3]. Company Overview - Equitable Holdings Inc. operates in various segments including individual retirement, group retirement, investment management and research, protection solutions, and wealth management [4]. - The company is based in New York and was founded in 1859 by Henry B. Hyde [4].

关注 谁在执掌国有大行？高管超七成是70后，75后持续扩容 近日，黄学玲获聘为中国银行副行长，待任职资格获监管核准后，这位1977年出生的"75后"将正式入 列，为中行高管层再添一股年轻力量。 本文自南都·湾财社 编辑| 柴华 美编 | 尹洁琳 头条 董事长李思廉被限制出境，富力地产回应！已涉223次限消令 据经济观察报报道，2026年春节前后，广州富力地产股份有限公司董事长李思廉在一次出境时被拦截。 知情人士透露称，出入境边防检查人员告知，李思廉被天津市第三中级人民法院（下称"天津三中院"） 限制出境。 南都湾财社记者就此向富力地产求证。富力地产方面称，相关问题已向集团反馈，尚未收到相关的回 复，仍在跟进最新进展。截至发稿前，南都湾财社仍未收到进一步的回复。 人事 广发基金"百亿老将"离职，六成主动权益基金近3年跑输基准 离任公司副总经理一个月后，傅友兴正式告别广发基金。3月12日，据广发基金公告，傅友兴因离职卸 任旗下管理的全部基金产品，包括"广发稳健增长混合"和"广发睿阳三年定开混合"两只产品。Wind数据 显示，截至2025年末，傅友兴在管产品规模达102.76亿元。 南都湾财社记者统计发现，当前六大 ...

记者丨 林汉垚 根据中国保险行业协会（以下简称"中保协"）发布的《保险销售从业人员执业失信行为认定 指引》定义，"代理退保"活动是指个人或团体以牟取非法利益为目的，以维护保险消费者权 益为由，采取恶意投诉举报或者组织、指使、教唆、诱导客户非正常退保、侵害客户合法权 益的活动。 近年来，一些不法分子利用消费者对保险产品理解不足、对理赔结果不满等心理，打着"代理 退保""全额退保"的旗号进行宣传。通过伪造证据、恶意投诉等手段胁迫保险公司退保，从中 牟取高额手续费。 此类行为将如何侵害消费者合法权益？ 中国人寿广东省分公司在接受21世纪经济报道记者采访时指出，"代理退保"黑灰产的不法分 子以"全额退保""按比例退保""高比例拿回保费"等为噱头，诱导消费者签订"全权代理"协议， 切断消费者正常维权通道，从中收取高额手续费，并套取身份证、保单、账户等敏感信息， 用于诈骗、洗钱等非法活动，导致消费者财产损失、保障中断、信用受损，甚至面临信息安 全风险。 北京保险行业协会于3月13日发布的十大调解典型案例就有消费者轻信"全额退保"险些上当的 情形。 唐女士于2019年9月投保了重大疾病保险。2024年12月，唐女士因患子宫 ...

编者按 改革开放以来，集团公司迅速普及成为我国主流的企业组织模式，推动了中国经济的长期快速增长。与此同时，在部分领域如房地产开发和金 融业，集团风险也快速积累和上升。当前，我国金融体系正处于从分业经营向综合经营转型的关键阶段，金融集团化与业务多元化已成为常 态，但控制权失序、风险隔离失效等问题也日益凸显，威胁金融稳定。 《清华金融评论》推出系列三篇文章，围绕金融集团监管改革这一核心议题，系统阐释"以金融控股公司为载体、以控制权监管为主线"的制度 构建逻辑，旨在为完善我国金融控股公司监管制度、防范化解系统性风险提供系统的理论支撑与实践路径。本篇为第二篇，研究主题为《金融 集团监管改革的国际经验》。 文/中国中信金融控股公司风险合规部总经理 赵先信 美国的监管模式注重依托法人实体隔离实现风险隔离，依托机构监管实现 控制权监管。欧盟混业程度深，实体隔离和机构监管力度弱，更强调并表 管理和风险隔离的实质功能。两种模式对中国设立金融控股公司监管金融 集团风险均具有借鉴意义。 区分金融集团种类主要看金融集团母公司类型。从欧美实践看，金融集团母公司类型主要包括全能银行、单一功能金融机构、金融控股公司，以及产业资 本背景的实 ...

Core Insights - Ping An's financial large language model, PingAnGPT-Qwen3-32B, achieved the highest overall score in the CNFinBench evaluation, which benchmarks AI capabilities in the financial sector [1] Group 1: Model Performance - The CNFinBench evaluation included leading models such as GPT-4o and Claude Sonnet 4, as well as Chinese open-source models like DeepSeek-R1 and Qwen3-235B-A22B [1] - PingAnGPT-Qwen3-32B excelled in financial factual reasoning, financial knowledge Q&A, and compliance and risk control, demonstrating high numerical accuracy and logical reasoning [1] Group 2: Business Applications - The model has been deployed across 97 real-world business scenarios, including auto insurance claims, customer service, expense auditing, and intelligent call operations [1] - By enhancing AI capabilities and optimizing model deployment, Ping An aims to provide efficient and high-quality digital financial services [1] Group 3: Company Overview - Ping An is one of the largest financial services companies globally, with over RMB 12 trillion in total assets as of December 2024 [1] - The company ranked 27th in the Forbes Global 2000 list and 47th in the Fortune Global 500 list in 2025, and received an AAA rating in MSCI ESG Ratings [1]

准备金、长期健康险责任准备金 的相关规定。 请问新的公告出台后，我 们企业所得税该怎么算? 景牆倉同旗则 对于《保险合同准则》首次 执行年度为2025年度及之前年 度的企业,在计算缴纳企业所得 税 时,统一自2026年度起以 《保险合同准则》为基础,按照 企业所得税现行规定作纳税调整 并计算缴纳企业所得税。 萄别提醒 企业首次执行《保险合同准 则》产生的留存收益累积影响 数,按税前金额计入2026年度 应纳税所得额,或自2026年度 起分五个年度均匀计入各年度应 纳税所得额。两种方法可自主选 择，一经选择不得更改。 首次执行年度至2025年度 期间,企业执行《保险合同准 则》为基础计算的应纳税所得额 与已申报的应纳税所得额的差 额,计入2026年度应纳税所得 额,或自2026年度起分五个年 度均匀计入各年度应纳税所得 额。两种方法可自主选择,但应 与前款选择的方法一致,一经选 择不得更改。 我们企业在2026年才首次 执行《保险合同谁则》，企 业所得税应该怎么计算? 保险含同産则 对于2026年度及以后年度为 来源：大连税务 供稿：第三税务分局 编发：办公室 欢迎扫描下方二维码关注： 纳税人办理士地增值税清算 ...

刚刚过去的2025年，广东保险业继续保持强监管态势。 南方财经记者统计发现， 2025年，广东金融监管局共对辖内（不含深圳，下同）保险公司开出89张罚单，涉及40家保 险公司及各级分支机构，累计处罚金额约2020万元。相比寿险公司而言，财险公司罚单数量和处罚金额均占大头 。 与2024年相比，处罚力度大幅度上升，2024年广东金融监管局共开出59张保险罚单、累计处罚金额约1353万元，2025 年罚单数量同比上涨50.85%，处罚金额同比上涨49.45%。 金融消费者权益保护工作事关人民群众切身利益，也是推动金融行业健康可持续发展的重要根基。南方财经记者梳理 上述罚单发现，部分保险机构违规行为与金融消费者权益保护直接相关。 记者丨 林本森 编辑丨肖嘉 那么，89张保险罚单涉及的违规事由主要集中在哪些领域，哪些与金融消费者权益保护相关的违规行为值得关注？ 财险公司罚单数占比超一半 从上述89张罚单涉及机构类型分布来看，财险公司是监管处罚的主要对象，无论罚单数量还是罚没金额，均明显多于 寿险公司。 数据显示，2025年，广东金融监管局辖内共22家财险公司合计收到56张罚单，罚没金额1613.35万元，分别占全年罚 ...

Core Viewpoint - The Progressive Corporation (NYSE:PGR) is viewed as a less favorable investment compared to other insurance companies like Berkshire Hathaway and Chubb, which are considered better diversified options in the insurance sector [1]. Group 1: Company Overview - The Progressive Corporation provides insurance for personal vehicles, residential properties, commercial transportation fleets, specialized business liability coverage, and investment services [3]. Group 2: Investment Potential - While Progressive Corporation has potential as an investment, certain AI stocks are believed to offer greater upside potential and carry less downside risk [4].