中国人寿(2628.HK):盈利和净资产增速表现优于同业

交银国际
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盈利增长主要来自保险服务。2025 年1 季度盈利同比增长39.5%,其中总投资收益同比下降16.8%,盈利增长主要来自保险服务。1 季度保险服务收入同比持平,但保险服务费用大幅下降33%,对盈利贡献显著,主要由于:1)2025 年加强业务质量管控,医疗健康险赔付下降幅度较大;2)受市场利率波动影响,保险服务费用出现短期阶段性变化。截至1 季度末,归母净资产较年初增长4.5%,表现好于同业,主要...

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