稳步推进中长期资金入市 8月27日晚间，中国人寿、中国人保两家上市险企披露2025年半年度报告。上半年，中国人寿实现归母 净利润409.31亿元，同比增长6.9%；中国人保实现归母净利润265.30亿元，同比增长16.9%。 两家险企均拟进行2025年中期利润分配，拟派发中期现金分红合计100.44亿元。其中，中国人寿拟派发 中期现金股息每10股2.38元（含税），合计拟派发现金红利67.27亿元；中国人保拟派发中期现金股息每 10股0.75元（含税），合计拟派发现金红利33.17亿元。 值得一提的是，中国人寿、人保财险分别在寿险、财产险行业保持领先地位。半年报显示，上半年，中 国人寿总保费达5250.88亿元，创历史同期最好水平；人保财险的财产险市场份额33.5%，保持行业首 位。 中国人保表示，在权益投资方面，坚定落实中长期资金入市要求，发挥保险资金耐心资本优势，提升权 益仓位；强化绝对收益导向，优化权益持仓结构，逐步增加与保险资金长期投资、价值投资理念相契合 的其他权益工具投资规模，增强新准则下投资业绩稳定性；提升投资交易能力，积极把握市场结构性和 波段性机会，实现助力稳定资本市场与提升保险资金投资回报 ...

寿险"头雁"最新业绩报告出炉。8月27日晚间，中国人寿保险股份有限公司（以下简称"中国人寿"）发 布2025年半年度报告。2025年上半年，该公司实现归属于母公司股东的净利润为409.31亿元，同比增长 6.9%。同时，该公司总保费达5250.88亿元，创历史同期最好水平；除总保费外，该公司队伍规模、内 含价值、上半年新业务价值也取得了行业第一的成绩。 "惟其艰难，方显勇毅；惟其磨砺，始得玉成。公司将不断增强长周期、跨周期经营管理能力，以更大 力度推动变革转型，更加注重效益优先，更加注重长期理念，更加注重资负联动，更加注重防范化解风 险……"该公司董事长蔡希良在报告致辞中用多个"更加"释放出下一步的发展信号。 资产破7万亿，保费净利涨超6% 上半年归母净利润超409亿元；中国人寿总资产、投资资产双双突破7万亿元；总保费创历史同期最好水 平……8月27日，中国人寿交出半年答卷。 报告显示，该公司上半年实现归属于母公司股东的净利润为409.31亿元，同比增长6.9%。内含价值为 1.48万亿元，稳居行业首位。 作为寿险领域的"一哥"，该公司市场份额进一步扩大，具体而言，上半年，该公司总保费达5250.88亿 元， ...

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 - The article highlights the challenges faced by individuals with mental disabilities, particularly those transitioning into adulthood, and the innovative financial solutions being implemented to support them [3][5][14]. Group 1: Challenges Faced by Individuals with Mental Disabilities - There are over 25.8 million individuals with mental disabilities in China, with approximately 14 million in the autism spectrum, facing significant barriers as they transition into adulthood [3][5]. - The employment rate for individuals with mental disabilities is less than 5%, indicating a severe lack of support and opportunities for this demographic [3][5]. - Families of individuals with mental disabilities experience immense psychological and financial pressure, particularly concerning long-term care and support [4][5]. Group 2: Innovative Financial Solutions - The "Government Assistance Insurance for Mental Patients" program, underwritten by PICC, has provided timely financial relief to families facing potential economic crises due to incidents involving mentally disabled individuals [2][5]. - The "Caring for Stars" project integrates various financial tools, including inclusive insurance and special needs trusts, to create a comprehensive support system for families [6][9]. - The project allows for the establishment of special needs trusts with a significantly lower premium threshold of 500,000 yuan, making it more accessible for families [6][9]. Group 3: Policy Support and Systemic Change - The Chinese government has recognized the need for systemic support for individuals with mental disabilities, as evidenced by the "14th Five-Year Plan for the Protection and Development of Persons with Disabilities" [14][15]. - New policies aim to transition from temporary assistance to a more structured, rights-based support system for individuals with autism and their families [14][15]. - The collaboration between various sectors, including government, financial institutions, and social organizations, is crucial for creating a sustainable support network for individuals with mental disabilities [8][14].

Core Insights - The Chinese insurance market is projected to grow at an overall rate of 7.5% over the next decade, surpassing the global average growth rate [2][6]. Group 1: Market Growth and Position - China has become the main driver of growth in the Asian insurance market and remains the second-largest insurance market globally, with a market share of 10.8% [2][3]. - In 2024, the total premium income in the Chinese insurance market reached €754 billion, accounting for more than half of the total premium income in Asia [2][3]. - The global insurance market is expected to see a strong growth rate of approximately 8.6% in 2024, with the Chinese insurance market achieving a growth rate of 11.2% [2][3]. Group 2: Sector-Specific Insights - The life insurance sector remains the largest segment in terms of premium income, with an expected income of approximately €2.9 trillion in 2024, while health insurance is projected to generate around €1.7 trillion [3]. - The Chinese life insurance market is anticipated to grow at a rate of 7.8% over the next decade, contributing significantly to global life insurance premium growth [6]. - The health insurance market in China is expected to grow at a rate of 7.9%, which is higher than the global forecast [6]. Group 3: Comparative Analysis - In 2024, the growth rate of China's health insurance premiums was 8.2%, exceeding the global average of 7% [4]. - The property insurance market in China is projected to grow at a rate of 6.4% over the next decade, which is higher than the growth rates expected in Europe and North America [6]. - China's property insurance market remains the largest in the Asia-Pacific region, accounting for nearly half of the total premium income in the area [4].

Group 1: Industry Trends - The introduction of personal pension products by Allianz Life and Huatai Life indicates a growing focus on retirement financial solutions among insurance companies, particularly foreign firms [1][2] - Foreign insurance companies have increased their market share in China, with premium contributions rising from 4% in 2013 to 9% currently, highlighting their strategic emphasis on personal pension business [1] - The "silver economy" is seen as a significant opportunity for growth in retirement finance, with calls for more foreign institutions to participate in the market [1][2] Group 2: Company Initiatives - Allianz Group's "2025 Global Pension Report" emphasizes the importance of financial literacy and early retirement planning, especially for the younger generation facing low interest rates [2] - AIA Life has upgraded its "retirement ecosystem" to enhance home care services, having signed partnerships with over 450 care institutions and providing services to around 200,000 clients [3] - Huatai Life's report indicates a shift in the "insurance + health care" model towards a more integrated lifestyle approach, moving from single service offerings to a comprehensive life service model [4] Group 3: Government and Policy Support - The State Council's opinion on developing the silver economy includes fostering potential industries such as retirement finance, indicating government support for this sector [2] - The need for improved financial service systems and education on retirement finance is highlighted, suggesting a collaborative effort between the government and society to enhance public financial literacy [4]

Core Viewpoint - The approval of Song Hao as the general manager of Fude Life Insurance's Guangdong branch marks a significant leadership change within the company, which is actively expanding its service offerings and addressing consumer protection in the insurance industry [2][3][4]. Company Overview - Fude Life Insurance, established in 2002 and headquartered in Shenzhen, has a registered capital of 11.752 billion yuan. The company specializes in life insurance, health insurance, annuity insurance, and accident insurance [4]. - As of the end of December 2024, Fude Life Insurance operates 35 branches and nearly 1,000 service outlets across the country [4]. Recent Developments - Song Hao, previously the deputy general manager, attended the opening ceremony of the "Beautiful Life" health care project in Guangdong, which is the 21st experience center launched by the company in 2025 [3]. - On June 10, 2025, Song Hao represented the company at an industry consumer protection exchange meeting, emphasizing the importance of consumer protection work in building trust within the industry [3][4]. Financial Performance - In 2024, Fude Life Insurance reported total claims payments of 3.929 billion yuan and premium waivers of 660 million yuan, serving nearly 320,000 claimants with an average daily payout exceeding 10 million yuan. The top three claim types were critical illness, medical, and death claims [4]. Disclosure Issues - Since 2021, Fude Life Insurance has not disclosed its annual reports for four consecutive years. As of April 30, 2025, the company announced a delay in disclosing solvency information to ensure the completeness and accuracy of its disclosures [7].