1月保费数据点评：2月新单同比或迎改善预计全年需求继续复苏

智通财经2023-02-19

智通财经APP获悉，开源证券发布研报称，多数险企2023年1月寿险总保费收入同比承压，2月新单同比有望改善。1月融资端数据较好利于支撑保险资产端逻辑，后续关注房地产等经济数据。保险资负两端改善有望贯穿全年，板块估值仍有空间，首推估值空间仍较大且NBV预期边际改善明显的中国平安(601318.SH)和中国太保(601601.SH)，推荐受益于香港市场改善的友邦保险(01299)。主要观点如下多数险企...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2312315220?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2023-02-19 09:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2312315220","market":"us","top_or_hot":-1,"title":"1月保费数据点评：2月新单同比或迎改善 预计全年需求继续复苏","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，开源证券发布研报称，多数险企2023年1月寿险总保费收入同比承压，2月新单同比有望改善。1月融资端数据较好利于支撑保险资产端逻辑，后续关注房地产等经济数据。保险资负两端改善有望贯穿全年，板块估值仍有空间，首推估值空间仍较大且NBV预期边际改善明显的中国平安(601318.SH)和中国太保(601601.SH)，推荐受益于香港市场改善的友邦保险(01299)。主要观点如下多数险企...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/878739.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>1月保费数据点评：2月新单同比或迎改善 预计全年需求继续复苏</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1月保费数据点评：2月新单同比或迎改善 预计全年需求继续复苏\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-19 09:10 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/878739.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，开源证券发布研报称，多数险企2023年1月寿险总保费收入同比承压，2月新单同比有望改善。1月融资端数据较好利于支撑保险资产端逻辑，后续关注房地产等经济数据。保险资负两端改善有望贯穿全年，板块估值仍有空间，首推估值空间仍较大且NBV预期边际改善明显的中国平安(601318.SH)和中国太保(601601.SH)，推荐受益于香港市场改善的友邦保险(01299)。主要观点如下多数险企...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/878739.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0541501648.USD","symbol_name":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/878739.html","article_id":"2312315220","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2312315220","pubTimestamp":1676769005,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，开源证券发布研报称，多数险企2023年1月寿险总保费收入同比承压，2月新单同比有望改善。2023年2月新单同比有望继续改善，全年需求或继续复苏短期内疫情影响消退明显，对于负债端展业能力短期压制解除，负债端展业能力已明显恢复，叠加2022年2月低基数，2023年2月新单同比增速有望明显改善，预计2023Q1上市险企NBV同比增速有望转正。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"601318":"中国平安","601336":"新华保险","601601":"中国太保","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0048580855.USD":"富达大中华区A","BK0070":"员工持股","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H","BK0196":"行业龙头","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","LU0594300419.USD":"富达中国消费基金A","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0051755006.USD":"摩根大通中国A (dist)","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU0048597586.USD":"富达亚洲焦点A","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","IE00BF5LJ272.USD":"Legg Mason Martin Currie - Global Emerging Markets A Acc USD","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","LU0971096721.USD":"富达环球金融服务 A","BK0012":"证金概念","03145":"华夏亚洲高息股","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","01299":"友邦保险","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC"},"translate_title":"Comments on January Premium Data: New orders in February are expected to continue to recover throughout the year","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601318":1,"601336":1,"601601":1,"01299":0.9,"03145":0.6},"content_text":"智通财经APP获悉，开源证券发布研报称，多数险企2023年1月寿险总保费收入同比承压，2月新单同比有望改善。1月融资端数据较好利于支撑保险资产端逻辑，后续关注房地产等经济数据。保险资负两端改善有望贯穿全年，板块估值仍有空间，首推估值空间仍较大且NBV预期边际改善明显的中国平安(601318.SH)和中国太保(601601.SH)，推荐受益于香港市场改善的友邦保险(01299)。主要观点如下多数险企2023年1月寿险总保费收入同比承压，2月新单同比有望改善2023年1月7家上市险企寿险总保费累计4850亿元、同比-2.3%(同比未含阳光保险)，其中：中国平安+3.8%、新华保险(601336.SH)-1.9%、中国人寿(601628.SH)-2.5%、中国太保-5.7%、中国太平(00966)-6.9%、中国人保(601319.SH)-7.4%，仅中国平安1月寿险总保费收入实现同比正增长，预计主要受疫情及春节假期影响。考虑到疫情影响消退，2月迎来全面复工，负债端展业能力有所恢复，叠加2022年2月春节低基数，2023年2月新单同比有望改善，预计2023Q1上市险企NBV同比增速有望转正；展望看，全年储蓄型产品需求仍然将保持较高水平，保障型产品需求或随居民收入预期共同修复。中国人保人身险板块新单、续期同比均承压，主要受人保寿险拖累中国人保人身险板块2023年1月长险首年保费267.8亿元，同比-11.5%，其中趸交保费192.3亿元、同比-9.2%，期交首年保费75.5亿元、同比-17.0%，主要系人保寿险长险首年承压拖累，人保寿险2023年1月趸交122.6亿元、同比-30.8%，期交首年70.4亿元、同比-18.9%；人保健康趸交69.7亿元、同比+101.9%，期交首年5.1亿元、同比+23.0%。2023年1月财险保费同比分化，短期车险或受乘用车销量拖累2023年1月6家上市险企财险保费收入1402亿元、同比为+2.6%(同比未含阳光保险)，较12月的+3.6%微幅下降1.0pct，各家险企1月财险保费同比分别为：太平财险+26.0%(12月+9.3%)、太保财险+10.9%(12月+11.1%)、众安在线+1.5%(12月+23.6%)、人保财险+1.2%(12月-0.9%)、平安财险-2.1%(12月+5.7%)。中汽协披露，2023年1月乘用车销量同比-32.9%，同比降幅较2022年12月扩大26.3pct，人保财险1月车险保费同比+0.2%，较12月同比的+6.4%下降6.2pct，同时意健险同比+1.0%，较12月同比-37.7%明显改善，责任险、货运险同比承压，或受到春节假期影响有所拖累。展望看，考虑到传统燃油车购置税优惠和新能源车补贴政策推出以及部分消费需求提前透支，乘用车销售或于2023Q1短期承压，拖累车险保费收入，随后或将随经济复苏有所修复。2023年2月新单同比有望继续改善，全年需求或继续复苏短期内疫情影响消退明显，对于负债端展业能力短期压制解除，负债端展业能力已明显恢复，叠加2022年2月低基数，2023年2月新单同比增速有望明显改善，预计2023Q1上市险企NBV同比增速有望转正。全年维度看，预计储蓄型产品需求仍将保持较高水平和保障型需求有望随居民收入预期共同回升叠加低基数，寿险NBV改善有望超预期。同时，负债端复苏或出现地域分化，高净值客户相对集中城市需求回升或早于低线城市。1月融资端数据较好利于支撑保险资产端逻辑，后续关注房地产等经济数据。保险资负两端改善有望贯穿全年，板块估值仍有空间，首推估值空间仍较大且NBV预期边际改善明显的中国平安和中国太保，推荐受益于香港市场改善的友邦保险。风险提示：经济复苏不及预期;疫情超预期抑制线下活动。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2312315220","isCrawlerRequest":true}

1月保费数据点评：2月新单同比或迎改善 预计全年需求继续复苏

精彩评论

1月保费数据点评：2月新单同比或迎改善预计全年需求继续复苏