今年险企补充资本金已超1140亿元

财经网2025-12-17

本报记者冷翠华12月15日，同方全球人寿保险有限公司（以下简称“同方全球人寿”）发布公告称，该公司近日成功发行2025年永续债5亿元，票面利率为2.95%。同日，长城人寿保险股份有限公司、东吴人寿保险股份有限公司也更新了发债进度，预计近期将完成债券发行。《证券日报》记者根据公开信息统计，今年以来截至12月16日，险企已通过多种方式补充资本金约1144亿元。其中，发行资本补充债和永续债约946.7...

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冷翠华12月15日，同方全球人寿保险有限公司（以下简称“同方全球人寿”）发布公告称，该公司近日成功发行2025年永续债5亿元，票面利率为2.95%。同日，长城人寿保险股份有限公司、东吴人寿保险股份有限公司也更新了发债进度，预计近期将完成债券发行。《证券日报》记者根据公开信息统计，今年以来截至12月16日，险企已通过多种方式补充资本金约1144亿元。其中，发行资本补充债和永续债约946.7...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251217110026a6abf9e8&s=b\">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":"LU0463099449.HKD","symbol_name":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251217110026a6abf9e8&s=b","article_id":"2592950126","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251217110026a6abf9e8&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description 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冷翠华12月15日，同方全球人寿保险有限公司（以下简称“同方全球人寿”）发布公告称，该公司近日成功发行2025年永续债5亿元，票面利率为2.95%。同日，长城人寿保险股份有限公司、东吴人寿保险股份有限公司也更新了发债进度，预计近期将完成债券发行。《证券日报》记者根据公开信息统计，今年以来截至12月16日，险企已通过多种方式补充资本金约1144亿元。其中，发行资本补充债和永续债约946.7亿元；股东增资约175.63亿元；资本公积转增注册资本约21.7亿元。向前回溯，2020年至2024年，险企各年度补充资本规模约为1044亿元、717.48亿元、540.47亿元、1422.6亿元、1442亿元。整体看，今年险企的资本补充规模较去年或略有下降，但仍维持在千亿元级高位。对外经济贸易大学创新与风险管理研究中心副主任龙格向《证券日报》记者表示，近年来保险公司整体资本补充需求旺盛，主要由于“偿二代”二期规则强化资本认定标准，到今年底，该规则正式实施的过渡期即将结束，这也促使险企密集“补血”。同时，低利率环境推动险企通过“赎旧借新”的方式降低融资成本。此外，险企业务扩张也需要资本支撑。除了密集落地资本补充项目，近期，中国平安人寿保险股份有限公司、中信保诚人寿保险有限公司、中英人寿保险有限公司等险企获批发行资本补充债或永续债合计330亿元。业内人士预计，后续这些险企还将陆续发债壮大资本实力。天职国际会计师事务所保险咨询主管合伙人周瑾在接受《证券日报》记者采访时表示，近年来，险企普遍尝试通过多种渠道补充资本，发行资本补充债和永续债是其主流方式。今年险企发债的结构整体偏向永续债，但不同主体在方式选择上有所不同。周瑾进一步分析称：“今年险企发行的永续债规模增长明显，且很受大型险企青睐。这主要有两方面原因，一是永续债可以归属为权益，属于核心资本，对资本补充的效果更坚实，能支撑长期的偿付能力需求；二是永续债的发行门槛较资本补充债高，大中型险企更具备发行条件，中小型险企则更多选择发行资本补充债。但由于永续债和资本补充债的发行条件存在差异，在发行规模上也会有一些限制，因此，部分险企会考虑同时发行永续债和资本补充债来补充资本。”展望未来，周瑾表示，保险行业的资本约束将会常态化，因此，险企也会持续探索多元化的资本补充方式。同时，保险行业也会加速转向资本集约型的经营模式，优化业务结构和资产配置，从而提升资本利用效率。龙格认为，预计2026年保险行业资本补充需求仍将高企，特别是永续债发行将延续活跃。同时，低利率环境继续推动险企“赎旧借新”，多元化资本补充成为主流策略。(编辑：钱晓睿)关键字：","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,"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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