2 025年8月2 1日，友邦保险发布上半年经营业绩。其在中国内地的全资子公司友邦人寿 在中国内地保险市场展现出强劲的发展态势，多项关键经营指标实现稳健增长。 上半年公司业绩稳健增长 保 险 业 务 收 入 ： 2 025 年 上 半 年 ， 友 邦 人 寿 实 现 保 险 业 务 收 入 4 97.08 亿 元 ， 同 比 增 长 1 4.1%； 新业务价值： 上半年新业务价值为7. 4 3亿美元，在未计及经济假设变动的影响前，增长 1 0%，其中第二季度增速15%；上半年新业务价值利润率5 8.6%，同比提升2个百分点； 偿付能力状况： 20 25年2季度末，友邦人寿综合偿付能力充足率410.03%，核心偿付能 力充足率287.82%，风险综合评级连续两个季度保持AAA。 整体来看，2025年上半年，友邦人寿经营业绩稳定增长，主要经营指标位居行业前列。 这一成绩的取得，不仅得益于其自身强大的业务实力和战略布局，也受益于中国内地保 险市场的持续快速发展。 着眼未来， 2 上，为保险行业尤其是健康养老领域带来广阔空间。 1 截至2 02 4年末，友邦人寿目标客户渗透率不足2%（目标客户指中产阶级及以上客户， ...

Core Viewpoint - The regulatory authority emphasizes the need for life insurance companies to enhance the sustainability of dividend insurance operations and protect consumer rights by adhering to asset-liability management principles [1][2][4]. Group 1: Regulatory Requirements - Companies are required to balance the predetermined interest rates of dividend insurance with floating returns and actual dividend realization rates, considering the asset allocation characteristics and actual investment returns of each account [2]. - The regulatory body will strengthen data monitoring and impose measures such as regulatory interviews, orders for rectification, and rating deductions for non-compliance [2][6]. Group 2: Dividend Insurance Overview - Dividend insurance refers to life insurance products where companies distribute a portion of their operating surplus to policyholders [3]. - In a long-term declining interest rate environment, insurance companies are increasing the sales of dividend insurance, making dividend levels a competitive focus in the industry [4]. Group 3: Industry Analysis - The new standards are clear and emphasize the regulation and sustainability of dividends, which is beneficial for the long-term healthy development of the dividend insurance sector amid company transformations [5]. - Last year, the overall dividend level for most life insurance companies ranged between 3% and 3.2% [8].