港股概念追踪|上市险企一季报业绩稳定机构看好配置价值（附概念股）

智通财经2025-05-07

智通财经APP获悉，截至4月29日晚间，五大上市险企一季报出齐。数据显示，2025年一季度，五大上市险企合计实现归母净利润841.76亿元，同比增长1.4%。其中，中国人保实现归母净利润128.49亿元，同比增长43.4%，为五大险企中归母净利润增速最高的公司；中国人寿实现归母净利润288.02亿元，同比增长39.5%；新华保险实现归母净利润58.82亿元，同比增长19%。另外，为从严监管万能险，...

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href=http://www.zhitongcaijing.com/content/detail/1289964.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，截至4月29日晚间，五大上市险企一季报出齐。数据显示，2025年一季度，五大上市险企合计实现归母净利润841.76亿元，同比增长1.4%。其中，中国人保实现归母净利润128.49亿元，同比增长43.4%，为五大险企中归母净利润增速最高的公司；中国人寿实现归母净利润288.02亿元，同比增长39.5%；新华保险实现归母净利润58.82亿元，同比增长19%。另外，为从严监管万能险，...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1289964.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":"SG9999004220.SGD","symbol_name":"Nikko AM Shenton Asia Dividend Equity Fund  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stocks)","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"82318":0.6,"601318":0.6,"YANG":1,"02628":0.9,"02318":0.9,"03145":0.6,"PNGAY":0.6,"HSTECH":1,"HSCEI":1,"HPAD.SI":0.6},"content_text":"智通财经APP获悉，截至4月29日晚间，五大上市险企一季报出齐。数据显示，2025年一季度，五大上市险企合计实现归母净利润841.76亿元，同比增长1.4%。其中，中国人保实现归母净利润128.49亿元，同比增长43.4%，为五大险企中归母净利润增速最高的公司；中国人寿实现归母净利润288.02亿元，同比增长39.5%；新华保险实现归母净利润58.82亿元，同比增长19%。另外，为从严监管万能险，金监总局4月25日印发《关于加强万能型人身保险监管有关事项的通知》。上述文件2025年5月1日起实施，对不符合文件要求的存量业务，给予一年过渡期。开源证券指出，预计“调整保证利率”的权利主要赋予新单，存量保单不受影响，进一步严监管万能险利于降低险企利差损风险，使万能险负债成本浮动效果更加明显。2024年上市保险公司利润高增长，而净资产增速相对较慢，反映出利润和净资产不同步的问题。在新会计准则下，利润对股市波动较为敏感，而净资产受债市影响更多，二者走势在一定条件下会严重分化。同时，保险公司2024年新业务价值强劲增长，可比口径下增速最高接近130%，主要由NBV利润率提升驱动，新单保费基本停止增长。2024年报中，各保险公司再次下调投资收益率和风险贴现率假设，对NBV和内含价值产生负面影响。 华泰证券研报分析称，净资产的重要性在上升，建议关注资产负债匹配较好，有增长韧性的保险公司。中信证券研报认为，保险行业一季报总体超预期，有三个验证：新业务价值高增长验证了头部公司正受益市场洗牌，部分头部公司分红险转型成效验证了公司从类自营走向类资管商业模式的可行性，核心偿付能力充足率的大幅改善验证了头部公司过去五年拉长资产久期积累了大量浮盈。中信证券重申保险板块强于大市的判断，上市保险公司均有配置价值。内地保险相关港股企业：新华保险(01336)，中国财险(02328)，中国人保(01339)，中国人寿(02628)、中国平安（02318)等。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":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 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港股概念追踪|上市险企一季报业绩稳定 机构看好配置价值（附概念股）

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港股概念追踪|上市险企一季报业绩稳定机构看好配置价值（附概念股）