Core Viewpoint - Private equity investment has provided tangible returns for the insurance industry, demonstrating long-term stability and sustainable investment yields despite market challenges [3][4]. Group 1: Overall Industry Data - As of June 2024, the total assets and funds utilized by the insurance industry grew by 9.2% and 8.7% respectively compared to the beginning of the year, providing ample cash flow for capital market investments [9]. - The proportion of equity investments by life and property insurance companies reached 21.4%, an increase of 0.6 percentage points year-on-year, indicating a stable source of funds for expanding equity asset allocation [9]. - The investment in private equity funds by insurance capital saw a growth of 6.1% in committed amounts, 3.8% in paid amounts, and 3% in investment balances, reflecting a steady growth trend [10]. Group 2: Investment Performance - Over 75% of insurance institutions that exited projects achieved returns exceeding 5%, with approximately 55% of institutions seeing returns between 5% and 10%, and over 20% achieving returns above 10% [10]. - The financial investment yield and comprehensive investment yield increased by 1.2 and 3.99 percentage points respectively, with the comprehensive investment yield reaching 5.3%, the highest in five years [10]. Group 3: Strategic Insights - The insurance sector has effectively adapted to the low-interest-rate environment by expanding equity investments and alternative investments, which has proven to be an effective strategy [14]. - The insurance capital has capitalized on the stock market's growth, with the Shanghai Composite Index rising over 1000 points since September 2023, leading to significant investment returns [14]. - Recent supportive policies from the government have encouraged long-term capital to enter the market, enhancing the quality of capital market development [14][15]. Group 4: Future Directions - The insurance industry needs to continue adhering to a long-term investment philosophy, emphasizing value and responsible investment to maintain competitive advantages [21]. - There is a need for ongoing innovation in long-term investment mechanisms, including the establishment of specialized subsidiaries for various investment needs [21]. - Expanding investment areas beyond equity to include real estate, infrastructure, and alternative assets is essential for diversifying portfolios [21].