Insurance stocks collectively rose, as of press time,$AIA (01299.HK)$up over 4%,$PICC GROUP (01339.HK)$surging over 3%,$PING AN (02318.HK)$、$CHINA LIFE (02628.HK)$、$NCI (01336.HK)$with gains exceeding 2%.
In terms of news, the National Financial Regulatory Administration previously released annual operating data for the insurance industry. The data showed that in 2025, the insurance industry achieved approximately RMB 6.12 trillion in original premium income, representing a year-on-year increase of 7.43%. Total payouts for the year amounted to RMB 2.44 trillion, an increase of 6.2% year-on-year. By the end of 2025, the industry’s total assets reached RMB 41.31 trillion, growing by 15.06% compared to the beginning of the year.
Huayuan Securities noted that the total balance of equity investments was RMB 3.73 trillion, increasing by 53.8% year-on-year. This is likely due to two factors: firstly, since 2025, favorable conditions in the secondary equity market have led to higher fair value of assets; secondly, insurance funds responded to policies encouraging the entry of long-term capital into the market and increased their allocation to equity assets. Under expectations of high premium growth and a ‘slow bull’ equity market, it is anticipated that the balance of insurance fund investments will maintain double-digit growth in 2026, with the proportion of equity assets continuing to rise. Investment returns on the asset side are expected to drive improvements in insurers’ profitability.
Editor/Jeffy
