中国财险:COR改善幅度超预期 投资表现亮眼

申万宏源研究
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资产、负债双轮驱动净利润高增。1Q25 公司净利润yoy+92.7%至113.12 亿元,增速高于业绩预增公告中枢(预增公告预计净利润yoy+80%-100%)。从利源结构来看,1Q25 保险服务业绩/投资业绩yoy+74.9%/+117.2%,资产、负债均表现亮眼。COR 改善幅度超预期,承保利润同比高增183%。1Q25 公司实现原保险保费收入/保险服务收入1804.21/1207.41 亿元...

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