穿透泰康在线2025年成绩单：保费突破200亿、综合投资收益率达5.57%

华尔街见闻01-30

作为泰康保险集团在互联网战场的排头兵，泰康在线已交出了2025年的“成绩单”。数据上看，泰康在线在2025年跑出了亮眼的加速度：截至2025年末，公司年度累计签单保费达到201.79亿元，较2024年的145.41亿元大幅增长38.8%，正式跻身“200亿俱乐部”。在财险行业普遍受困于车险定价、增长乏力的背景下，这种爆发力主要源于其对健康险垂直领域的深耕。报告显示，健康险作为第一大险种，签单保费占...

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/2607201645?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-01-30 17:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2607201645","market":"fut","top_or_hot":-1,"title":"穿透泰康在线2025年成绩单：保费突破200亿、综合投资收益率达5.57%","media":"华尔街见闻","content":"<div>\n<p>作为泰康保险集团在互联网战场的排头兵，泰康在线已交出了2025年的“成绩单”。数据上看，泰康在线在2025年跑出了亮眼的加速度：截至2025年末，公司年度累计签单保费达到201.79亿元，较2024年的145.41亿元大幅增长38.8%，正式跻身“200亿俱乐部”。在财险行业普遍受困于车险定价、增长乏力的背景下，这种爆发力主要源于其对健康险垂直领域的深耕。报告显示，健康险作为第一大险种，签单保费占...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3764588\">网页链接</a>\n\n</div>\n","source":null,"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>穿透泰康在线2025年成绩单：保费突破200亿、综合投资收益率达5.57%</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\">\n穿透泰康在线2025年成绩单：保费突破200亿、综合投资收益率达5.57%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-30 17:23 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3764588><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作为泰康保险集团在互联网战场的排头兵，泰康在线已交出了2025年的“成绩单”。数据上看，泰康在线在2025年跑出了亮眼的加速度：截至2025年末，公司年度累计签单保费达到201.79亿元，较2024年的145.41亿元大幅增长38.8%，正式跻身“200亿俱乐部”。在财险行业普遍受困于车险定价、增长乏力的背景下，这种爆发力主要源于其对健康险垂直领域的深耕。报告显示，健康险作为第一大险种，签单保费占...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3764588\">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":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://wallstreetcn.com/articles/3764588","article_id":"2607201645","we_media_id":"1084101182","thumbnails":[],"rights":{"source":null,"url":"https://wallstreetcn.com/articles/3764588","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2607201645","pubTimestamp":1769764981,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"华尔街见闻","introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"summary":"作为泰康保险集团在互联网战场的排头兵，泰康在线已交出了2025年的“成绩单”。数据上看，泰康在线在2...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4084":"特种房地产投资信托","LU2324357040.USD":"HSBC GIF GLOBAL EQUITY SUSTAINABLE HEALTHCARE \"AC\" (USD) ACC","BK4529":"IDC概念","COR":"CENCORA","LU1261432733.SGD":"Fidelity World A-ACC-SGD","BK4175":"保健护理产品经销商","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0058720904.USD":"联博国际健康护理基金A","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","BK4588":"碎股","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC"},"translate_title":"Penetrating Taikang Online's 2025 report card: premiums exceed 20 billion, and comprehensive investment returns reached 5.57%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COR":1},"content_text":"作为泰康保险集团在互联网战场的排头兵，泰康在线已交出了2025年的“成绩单”。数据上看，泰康在线在2025年跑出了亮眼的加速度：截至2025年末，公司年度累计签单保费达到201.79亿元，较2024年的145.41亿元大幅增长38.8%，正式跻身“200亿俱乐部”。在财险行业普遍受困于车险定价、增长乏力的背景下，这种爆发力主要源于其对健康险垂直领域的深耕。报告显示，健康险作为第一大险种，签单保费占比超过35%，印证了“保险+服务”战略在数字化生态中的护城河效应。在规模狂欢之下，泰康在线的利润底色却稍显复杂。2025年泰康在线共录得净利0.5亿元，但基于泰康在线编制报告的净利润、总资产、净资产、保险合同负债数据时，已切换至新会计准则，因而数据与往年不具备可比性。追溯更多可比数据，2025年泰康在线累计综合成本率（COR）为102.82%，较2024年几乎持平，这意味着，在剔除投资收益后，其承保业务本质上仍处于微亏状态。投资端，泰康在线2025年综合投资收益率为5.57%，远高于上一年度。另一个更为迫切的信号，来自于偿付能力。随着业务规模的快速膨胀，资本消耗的副作用开始显现，截至2025年四季度末，泰康在线的核心及综合偿付能力充足率下滑至199.55%，远高于监管要求水平，但较一年前的256.16%有明显下滑。值得一提的是，这种下滑并非由亏损导致，而是典型的“资本消耗型增长”；随着保险风险最低资本由2024年末的13.24亿元飙升至16.51亿元，若后续缺乏资本补充，这种高增长模式恐将受限于监管红线。治理结构与合规层面的变动同样值得关注。报告期内，泰康在线取消了监事会设置，原监事长自动离任，向审计委员会制转型的调整，精简了集团的管控逻辑。整体来看，泰康在线正在经历从“轻资产扩张”向“重资本守成”的深水区；200亿的规模固然是里程碑，但如何在保持增长动力的同时，优化承保质量并缓解资本焦虑，将是其下一阶段必须面对的硬课题。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"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 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":"4.36.2","shortVersion":"4.36.2","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/2607201645","isCrawlerRequest":true}