上半年，中国人寿经营质效不断优化，再现新突破。公司将资产负债管理理念贯穿经营管理各环节，突 出价值和效益导向，规模价值保持领先，经营质效持续提升。积极推进产品供给形态多元、期限多元、 成本多元。上半年，公司人寿保险、年金保险、健康保险新单保费比重分别为30.32%、32.01%、 33.42%；大力推动业务结构转型，浮动收益型业务实现强劲增长，在首年期交保费中的占比较上年同 期提升超45个百分点，业务结构转型实现突破。同时，中国人寿强化降本增效，积极落实"报行合一"， 加强精细化管理，在多元化均衡发展策略下，新业务负债刚性成本进一步下降，费用投入产出效率显著 提升。14个月保单持续率达92.10%，同比提升0.6个百分点，发展基础更加牢固。上半年新业务价值实 现快速增长，较2024年同期重述结果同比提升20.3%，达285.46亿元。 综合实力持续提升，再上新高度。中国人寿坚持高质量发展，综合实力持续增强，截至2025年6月30 日，中国人寿总资产、投资资产双双突破7万亿元，分别为7.29万亿元和7.13万亿元；归属于母公司股东 的股东权益达5236.19亿元，同比增长2.7%；综合偿付能力充足率达190.9 ...

智通财经APP讯，中国人寿(02628)公布2025年中期业绩，收入合计2394.88亿元，同比增长2.2%;归属于 公司股东的净利润为409.31亿元，同比增长6.9%;每股收益1.45元，中期现金股息每10股人民币2.38元(含 税)。 本报告期内，公司总保费达人民币5,250.88亿元，创历史同期最好水平，同比增长7.3%，市场份额稳步 提升。首年期交保费达人民币812.49亿元，稳居行业榜首;长期竞争优势进一步凸显，十年期及以上首 年期交保费达人民币303.05亿元，占首年期交保费比重为37.30%，其中，个险渠道十年期及以上首年期 交保费佔个险渠道首年期交保费比重超45%。截至本报告期末，公司总销售人力64.1万人，销售队伍规 模保持领先;持续推进营销体系改革，队伍质态稳步提高。 经营质效不断优化，再现新突破。公司将资产负债管理理念贯穿经营管理各环节，突出价值和效益导 向，规模价值保持领先，经营质效持续提升。积极推进产品供给形态多元、期限多元、成本多元，本报 告期内，公司人寿保险、年金保险、健康保险新单保费比重分别为30.32%、32.01%、33.42%;大力推动 业务结构转型，浮动收益型业务实现 ...

业务指标保持领先，再迈新台阶。在保持经营大盘稳定的同时，公司各渠道奋力开拓，主要指标再创佳 绩。本报告期内，公司总保费达人民币5,250.88亿元，创历史同期最好水平，同比增长7.3%，市场份额 稳步提升。首年期交保费达人民币812.49亿元，稳居行业榜首；长期竞争优势进一步凸显，十年期及以 上首年期交保费达人民币303.05亿元，占首年期交保费比重为37.30%，其中，个险渠道十年期及以上首 年期交保费占个险渠道首年期交保费比重超45%。截至本报告期末，公司总销售人力64.1万人，销售队 伍规模保持领先；持续推进营销体系改革，队伍质态稳步提高。 经营质效不断优化，再现新突破。公司将资产负债管理理念贯穿经营管理各环节，突出价值和效益导 向，规模价值保持领先，经营质效持续提升。积极推进产品供给形态多元、期限多元、成本多元，本报 告期内，公司人寿保险、年金保险、健康保险新单保费比重分别为30.32%、32.01%、33.42%；大力推 动业务结构转型，浮动收益型业务实现强劲增长，在首年期交保费中的占比较上年同期提升超45个百分 点，业务结构转型实现突破。公司强化降本增效，积极落实「报行合一」，加强精细化管理，在多 ...

新华财经北京8月27日电（记者张斯文）27日，中国人寿保险股份有限公司发布2025年半年度报告。 报告显示，2025年上半年，中国人寿总保费达5250.88亿元，同比增长7.3%，市场份额稳步提升。其 中，寿险业务总保费4391.34亿元，同比增长8.5%；健康险业务总保费为789.58亿元，同比增长2.0%； 意外险业务总保费为69.96亿元。2025年上半年，首年期交保费达812.49亿元；十年期及以上首年期交保 费达303.05亿元，占首年期交保费比重为37.30%。其中，个险渠道十年期及以上首年期交保费占个险渠 道首年期交保费比重超45%。截至2025年6月30日，该公司总销售人力64.1万人。 2025年上半年，该公司人寿保险、年金保险、健康保险新单保费比重分别为30.32%、32.01%、 33.42%；大力推动业务结构转型，浮动收益型业务实现强劲增长，在首年期交保费中的占比较上年同 期提升超45个百分点。公司强化降本增效，积极落实"报行合一"，加强精细化管理，在多元化均衡发展 策略下，新业务负债刚性成本进一步下降。14个月保单持续率达92.10%，同比提升0.6个百分点，发展 基础更加牢固。20 ...

Core Insights - Insurance plays a crucial role in risk transfer and economic compensation in people's lives, with different types of insurance offering unique coverage and functions [1] Group 1: Life Insurance - Life insurance is focused on the lifespan of individuals, providing economic protection for families in case of the primary breadwinner's premature death [1] - Term life insurance offers coverage for a specified period, while whole life insurance provides lifelong coverage and may accumulate cash value over time [1] Group 2: Health Insurance - Health insurance primarily addresses health-related issues, with medical insurance compensating for medical expenses due to illness or accidents [2] - Social health insurance offers basic coverage with limitations, while commercial health insurance serves as a supplement, covering remaining costs after social insurance [2] - Critical illness insurance provides a lump sum payment upon diagnosis of specified serious illnesses, which can be used for medical expenses and income loss [2] Group 3: Accident Insurance - Accident insurance covers death, disability, and medical expenses resulting from accidental injuries during the policy period [2] - It includes coverage for various types of accidents, such as those occurring in daily life, travel, or sports [2] - Benefits are paid based on the severity of the injury, with higher compensation for more severe disabilities [2] Group 4: Property Insurance - Property insurance covers various assets and related interests, with home insurance protecting household property from natural disasters and accidents [3] - Business property insurance safeguards fixed and current assets of enterprises against risks from natural disasters or accidents [3] - Auto insurance is a common type of property insurance, with mandatory liability insurance covering third-party injuries and damages in traffic accidents [3]

Group 1 - As of August 21, 2025, the stock price of New China Life Insurance is 67.19 yuan, down 0.39% from the previous trading day, with a trading volume of 818 million yuan [1] - The stock price fluctuated between 66.66 yuan and 67.97 yuan, with a volatility of 1.94% [1] - New China Life Insurance operates in the insurance industry, focusing on life insurance, health insurance, and accident insurance, and is one of the major comprehensive insurance groups in China [1] Group 2 - In the first half of 2025, the original insurance premium income of the Shenzhen insurance industry reached 121.307 billion yuan, a year-on-year increase of 7.96%, ranking first among first-tier cities [1] - Insurance claims paid amounted to 38.743 billion yuan, reflecting a year-on-year growth of 8.84% [1] - The newly launched inclusive family property insurance "Shenzhen Huijia Bao" has insured 34,800 policies since its launch on July 28, generating premium income of 2.2758 million yuan [1] Group 3 - On August 21, 2025, New China Life Insurance saw a net inflow of main funds amounting to 68.6854 million yuan, with a cumulative net inflow of 444.5 million yuan over the past five trading days [2]

2025 INTERIM RESULTS PRESENTATION 21 August 2025 DISCLAIMER This document ("document") has been prepared by AIA Group Limited (the "Company", and together with its subsidiaries, "AIA", the "Group" or "AIA Group") solely for use at the presentation held in connection with the announcement of the Company's financial results (the "Presentation"). References to "document" in this disclaimer shall be construed to include any oral commentary, statements, questions, answers and responses at the Presentation. No re ...

数据显示，2025年二季度末，保险公司资金运用余额突破36万亿元，同比增长17.4%。其中，股票配置 比例连续五个季度环比提升，达到8.8%。 2025年8月19日，新华保险主力资金净流出4471.62万元，近五日主力资金净流入3.72亿元。 风险提示：市场有风险，投资需谨慎。 截至2025年8月19日15时，新华保险股价报66.10元，较前一交易日下跌1.64%，成交额12.44亿元。 新华保险属于保险行业，主要经营人寿保险、健康保险、意外伤害保险等业务。公司总部位于北京，是 国内大型保险集团之一。 ...

Financial Data and Key Metrics Changes - Client assets, AUM, and AUA reached BRL 1,900 billion, reflecting a 17% year-over-year growth [2] - Gross revenues for the quarter were BRL 4.7 billion, marking a 4% year-over-year increase [3] - EBT decreased by 5% year-over-year to BRL 1.3 billion, primarily due to last year's positive overhead impacts [3] - Net income reached a record high of BRL 1.321 billion, representing an 18% year-over-year growth [3] - ROE was 24.4%, with a 223 basis points expansion compared to the same quarter last year [4] - Diluted EPS grew by 22% year-over-year, driven by the share buyback program [5] Business Line Data and Key Metrics Changes - Retail revenue grew by 9% year-over-year, driven by fixed income and new retail verticals [23] - Fixed income revenue increased by 20% year-over-year, reaching BRL 1 billion [24] - Life insurance written premiums grew by 45% year-over-year, indicating strong growth potential in this segment [15] - Credit card transactions marked BRL 12.4 billion in TPV, an 8% year-over-year increase [15] Market Data and Key Metrics Changes - The corporate and institutional segment saw a net outflow of BRL 6 billion in new money, attributed to higher interest expenses and liquidity constraints [6][7] - The company maintained a 17% market share in the local industry for its broker-dealer operations [18] Company Strategy and Development Direction - The company aims to become the leader in investments in Brazil, focusing on a diversified ecosystem that integrates retail, institutional, and corporate divisions [11][12] - New product offerings and channel diversification are key strategies to enhance client engagement and drive profitability [10][11] - The company is investing in technology and marketing to improve client experience and expand its service offerings [88] Management's Comments on Operating Environment and Future Outlook - The current operating environment is more challenging than anticipated, particularly for investment banking origination activities [7] - Management remains optimistic about a solid GCM pipeline for the second half of the year and expects to achieve retail net new money averaging BRL 1 billion per quarter [8] - The company anticipates that the dynamics of the corporate lending market may continue to impact net new money in the upcoming quarters [72] Other Important Information - The company has a share buyback program of BRL 1 billion to be executed until next year, aligning with its capital distribution plan [5][31] - The BIS ratio stands at a comfortable level of 20.1%, indicating strong capital management [32] Q&A Session Summary Question: Capital generation and dividends - Management indicated that net income is expected to grow faster than RWA, allowing for potential acceleration in dividends and buybacks [36][39] Question: Corporate lending strategy - Management acknowledged the importance of corporate lending but emphasized that growth in this area is aligned with their risk appetite [44][47] Question: Initiatives to increase net new money - Management highlighted channel diversification, new product offerings, and increased productivity of IFAs as key initiatives to drive net new money [55][57] Question: Inflows in the third quarter - Management expressed confidence in achieving BRL 20 billion in inflows, although specific inflow patterns for the quarter were not disclosed [62][67] Question: Corporate portfolio dynamics - Management explained that the corporate credit portfolio is primarily originated for securitization and sale, with current market dynamics affecting net new money [70][72] Question: Non-people related expenses - Management attributed the increase in non-people related expenses to marketing and technology investments, which are expected to continue [88][90] Question: Fee-based model impact - Management noted that while the fee-based model currently represents only 5% of AUC, it is expected to grow, potentially impacting the take rate but increasing the share of wallet [97][99]

Group 1 - China Pacific Insurance's latest stock price is 39.90 yuan, up 0.20 yuan from the previous trading day, with an opening price of 39.80 yuan, a high of 40.65 yuan, and a low of 39.51 yuan, with a trading volume of 346,400 hands and a transaction amount of 1.386 billion yuan [1] - China Pacific Insurance is a significant financial enterprise in Shanghai, primarily engaged in life insurance, property insurance, and asset management, with subsidiaries including Taibao Life Insurance and Taibao Property Insurance [1] - China Ping An has recently increased its stake in China Pacific Insurance H shares by 1.7414 million shares, raising its holding from 4.98% to 5.04%, triggering the shareholding threshold, marking the first instance of an insurance company acquiring a peer since 2019 [1] Group 2 - The current dividend yield for China Pacific Insurance H shares is approximately 3.5% [1] - On August 18, China Pacific Insurance saw a net inflow of main funds amounting to 71.2027 million yuan, with a cumulative net inflow of 426 million yuan over the past five trading days [1]