12月1日，中国人保跌5.43%，截至发稿，报8.19元/股，成交5.18亿元，换手率0.18%，总市值3621.94亿 元。 资料显示，中国人民保险集团股份有限公司位于北京市西城区西长安街88号1至13层,香港中环干诺道中 148号粤海投资大厦15楼，成立日期1996年8月22日，上市日期2018年11月16日，公司主营业务涉及中国 人民保险集团股份有限公司是一家主要提供保险产品的投资控股公司。公司及其子公司通过六大分部运 营:财产保险分部,健康保险分部,人寿保险分部,资产管理分部,总部分部,以及其他分部。财产保险分部分 部为公司及个人提供财产保险产品,包括机动车辆险、农业保险、财产保险和责任保险。健康保险分部 提供健康和医疗保险产品。人寿保险分部分部提供人寿保险产品,包括分红、两全、年金及万能人寿保 险产品等。主营业务收入构成为：财产保险83.28%，人寿保险10.22%，健康保险5.84%，总部及其他 3.93%，资产管理0.49%。 从基金十大重仓股角度 数据显示，鹏扬基金旗下1只基金重仓中国人保。鹏扬元合量化股票A（007137）三季度持有股数10.25 万股，占基金净值比例为1.22%，位居第九大 ...

| 交易日 | 持股总数 (股) | 持股变动(股) | 变动幅度 | | --- | --- | --- | --- | | 2025-11-20 | 26.58亿 | 100.70万 | 0.04% | | 2025-11-19 | 26.57亿 | 386.00万 | 0.15% | | 2025-11-18 | 26.54亿 | 645.20万 | 0.24% | | 2025-11-17 | 26.47 乙 | 96.40万 | 0.04% | | 2025-11-14 | 26.46/Z | -194.60万 | -0.07% | 证券之星消息，11月20日南向资金增持100.7万股中国人民保险集团（01339.HK）。近5个交易日中，获 南向资金增持的有4天，累计净增持1033.7万股。近20个交易日中，获南向资金减持的有10天，累计净 减持1551.8万股。截至目前，南向资金持有中国人民保险集团（01339.HK）26.58亿股，占公司已发行 普通股的30.45%。 中国人民保险集团股份有限公司是一家主要提供保险产品的控股公司。该公司及其子公司主要从事财产 保险、健康保险、人寿保险、再保险、香 ...

Group 1 - The core point of the article is that China Pacific Insurance (SH 601319) held its 12th meeting of the 5th Board of Directors on October 30, 2025, to review the proposal for the third quarter report of A-shares and H-shares for 2025 [1] - For the first half of 2025, the revenue composition of China Pacific Insurance is as follows: 44.46% from motor vehicle insurance, 25.5% from accident and health insurance, 21.63% from ordinary life insurance, 13.51% from agricultural insurance, 6.77% from liability insurance, and 6.08% from other insurance types [1] - As of the report date, the market capitalization of China Pacific Insurance is 384.7 billion yuan [1]

Core Insights - China Pacific Insurance (02328.HK) reported a 5.9% year-on-year increase in insurance service revenue, reaching RMB 385.92 billion for the first three quarters of 2025 [1] - The company achieved a net profit of RMB 40.27 billion, marking a significant 50.5% year-on-year growth [1] Revenue Breakdown - The original insurance premium income for the first three quarters of 2025 was RMB 443.18 billion, reflecting a 3.5% year-on-year increase [1] - Insurance service revenue from motor vehicle insurance amounted to RMB 227.63 billion, with a year-on-year growth of 3.7% [1] - Non-motor vehicle insurance generated RMB 158.29 billion in insurance service revenue, showing a 9.3% year-on-year increase [1] Profitability Metrics - The underwriting profit for the first three quarters was RMB 314.87 billion, representing a substantial 130.7% year-on-year increase [1] - The combined cost ratio stood at 496.1%, which is a decrease of 2.1 percentage points year-on-year [1] - Motor vehicle insurance business reported an underwriting profit of RMB 11.73 billion, with a combined cost ratio of 94.8%, down by 2.0 percentage points year-on-year [1] - Non-motor vehicle insurance business achieved an underwriting profit of RMB 3.14 billion, with a combined cost ratio of 98.0%, reflecting a decrease of 2.5 percentage points year-on-year [1]

Core Viewpoint - China People's Insurance Company (CPIC) has shown a positive stock performance with a year-to-date increase of 20.16% and a recent trading volume indicating strong investor interest [1][3]. Group 1: Stock Performance - As of October 27, CPIC's stock price increased by 2.05%, reaching 8.94 CNY per share, with a trading volume of 5.34 billion CNY and a market capitalization of 395.36 billion CNY [1]. - The net inflow of main funds was 9.30 million CNY, with significant buying from large orders amounting to 135 million CNY, indicating strong institutional interest [1]. - Over the past five trading days, the stock has risen by 4.56%, and over the last 20 days, it has increased by 15.50% [1]. Group 2: Company Overview - CPIC, established on August 22, 1996, and listed on November 16, 2018, operates primarily in the insurance sector, providing various insurance products through six divisions: property insurance, health insurance, life insurance, asset management, headquarters, and others [2]. - The revenue composition of CPIC is as follows: property insurance accounts for 83.28%, life insurance for 10.22%, health insurance for 5.84%, headquarters and others for 3.93%, and asset management for 0.49% [2]. Group 3: Financial Performance - As of June 30, the number of CPIC shareholders was 130,400, a decrease of 13.66% from the previous period, while the average circulating shares per person increased by 16.38% to 282,774 shares [3]. - For the first half of 2025, CPIC reported a net profit of 26.53 billion CNY, reflecting a year-on-year growth of 16.94% [3]. Group 4: Dividend and Shareholding - Since its A-share listing, CPIC has distributed a total of 43.50 billion CNY in dividends, with 22.20 billion CNY distributed over the past three years [4]. - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited and several ETFs, with notable changes in their holdings [4].

Core Insights - China People's Insurance Group Co., Ltd. (China PIC) has seen a stock price increase of 17.34% year-to-date, with a recent rise of 6.85% over the last five trading days [1] - The company operates primarily in the insurance sector, with its main revenue sources being property insurance (83.28%), life insurance (10.22%), and health insurance (5.84%) [2] - As of June 30, 2025, China PIC reported a net profit of 26.53 billion yuan, reflecting a year-on-year growth of 16.94% [3] Financial Performance - The stock price of China PIC reached 8.73 yuan per share, with a market capitalization of 386.08 billion yuan [1] - The company has distributed a total of 43.50 billion yuan in dividends since its A-share listing, with 22.20 billion yuan distributed over the last three years [4] - The number of shareholders decreased by 13.66% to 130,400, while the average number of circulating shares per person increased by 16.38% to 282,774 shares [3] Shareholder Composition - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 350 million shares, a decrease of 6.85 million shares from the previous period [4] - Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF have increased their holdings, while Huaxia CSI 300 ETF has exited the top ten circulating shareholders list [4]

Investment Rating - The report indicates a stable growth trend in the property insurance industry, with a focus on diversified product strategies to explore new development spaces [3][4]. Core Insights - The property insurance companies have maintained growth in insurance business revenue, with auto insurance being the primary business line, although its revenue share is declining [3][4]. - The overall insurance business revenue for property insurance companies reached 964.5 billion yuan in the first half of 2025, reflecting a year-on-year growth of 5.11% [3]. - The health insurance segment has shown significant growth, with revenue increasing by 16.68% to 160.9 billion yuan in the same period [3]. - The market concentration remains high, with the top three property insurance companies holding over 60% of the market share [4]. - The net profit of property insurance companies significantly improved, with a total of 53.7 billion yuan in net profit for the first half of 2025, a year-on-year increase of 35.65% [8]. Summary by Sections Business Performance - The auto insurance business generated 450.5 billion yuan in revenue, growing by 4.50%, while the share of this segment continues to decline [3]. - Non-auto insurance segments, particularly health insurance, are gaining importance, with health insurance revenue reaching 160.9 billion yuan [3]. - The overall premium income for property insurance companies was 964.5 billion yuan, with a notable increase in health insurance and a slight decline in agricultural and liability insurance growth rates [3][8]. Market Dynamics - The competitive landscape of the property insurance market has remained stable, with high market concentration and significant advantages for leading companies [4]. - Internet insurance has shown robust growth, with a premium scale of 494.9 billion yuan in 2023, reflecting a compound annual growth rate of 32.8% over the past decade [5]. Investment and Financial Health - The investment income of property insurance companies has improved, with an annualized financial investment return of 3.05% and a comprehensive investment return of 5.51% in 2024 [6]. - As of June 2025, the total investment balance of property insurance companies reached 2.35 trillion yuan, with a significant portion allocated to bonds [6][10]. - The solvency ratios of property insurance companies have improved, with core solvency ratios at 211.2% and comprehensive solvency ratios at 240.6% as of June 2025 [10]. Regulatory Environment - Regulatory bodies are maintaining a cautious approach, focusing on risk prevention and promoting high-quality development within the insurance industry [11]. - Recent regulatory changes aim to enhance the stability and governance of insurance companies, ensuring a more robust operational framework [11].

Core Insights - Southbound funds reduced their holdings in China People's Insurance Group by 7.752 million shares on October 13, 2025, marking a decrease of 0.29% [1][2] - Over the past 5 trading days, there were 3 days of net increases in holdings, totaling an increase of 847,000 shares [1] - In the last 20 trading days, there were 13 days of net increases, with a total increase of 45.239 million shares [1] - As of now, southbound funds hold 2.649 billion shares of China People's Insurance Group, accounting for 30.34% of the company's total issued ordinary shares [1] Summary by Category Shareholding Changes - On October 13, 2025, total shares held were 2.649 billion, with a decrease of 7.752 million shares [2] - On October 3, 2025, total shares held were 2.656 billion, with an increase of 2.843 million shares [2] - On October 2, 2025, total shares held were 2.654 billion, with an increase of 5.704 million shares [2] - On September 30, 2025, total shares held were 2.648 billion, with an increase of 1.556 million shares [2] - On September 29, 2025, total shares held were 2.646 billion, with a decrease of 1.504 million shares [2] Company Overview - China People's Insurance Group is a holding company primarily providing insurance products [2] - The company and its subsidiaries engage in property insurance, health insurance, life insurance, reinsurance, Hong Kong insurance, and pension insurance [2] - Property insurance includes products for both corporate and individual clients, such as vehicle insurance, agricultural insurance, property insurance, and liability insurance [2] - Health insurance encompasses health and medical insurance products [2] - Life insurance includes various products such as participating, whole life, annuity, and universal life insurance [2] - Hong Kong insurance involves property insurance services in Hong Kong [2] - Pension insurance includes corporate annuities and occupational annuities [2]

Core Viewpoint - China People's Insurance Company (CPIC) has shown a mixed performance in stock price and financial metrics, with a recent increase in stock price but a decline over the past 20 and 60 days [1][3]. Financial Performance - As of June 30, 2025, CPIC reported a net profit of 26.53 billion yuan, representing a year-on-year growth of 16.94% [3]. - The company has distributed a total of 43.50 billion yuan in dividends since its A-share listing, with 22.20 billion yuan distributed in the last three years [4]. Stock Market Activity - On September 29, CPIC's stock price increased by 2.07%, reaching 7.90 yuan per share, with a trading volume of 5.65 billion yuan and a turnover rate of 0.21% [1]. - The stock has experienced a year-to-date increase of 6.18%, a 5-day increase of 1.67%, but a decline of 9.71% over the past 20 days and 8.28% over the past 60 days [1]. Shareholder Structure - As of June 30, 2025, CPIC had 130,400 shareholders, a decrease of 13.66% from the previous period, with an average of 282,774 circulating shares per shareholder, an increase of 16.38% [3]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable changes in their holdings [4].

Group 1 - The core point of the news is that southbound funds have reduced their holdings in China People's Insurance Group (01339.HK) by 8.475 million shares on September 23, 2025, marking a decrease of 0.32% [1][2] - Over the past five trading days, there have been two days of net reductions in holdings, totaling 19.196 million shares [1][2] - In the last 20 trading days, there were 14 days of net increases in holdings, amounting to a total of 70.1964 million shares [1][2] Group 2 - As of now, southbound funds hold 2.658 billion shares of China People's Insurance Group, which represents 30.45% of the company's total issued ordinary shares [1][2] - The company primarily provides insurance products, including property insurance, health insurance, life insurance, reinsurance, Hong Kong insurance, and pension insurance [2] - The property insurance segment includes products for both corporate and individual clients, such as motor vehicle insurance, agricultural insurance, property insurance, and liability insurance [2]