2025年下半年保险行业策略报告:新增负债成本显著下降 板块兼具基本面及资金面催化

申万宏源研究
10 Jun

A股上市险企较沪深300指数大幅欠配,公募新规有望推动增量资金流入。《推动公募基金高质量发展行动方案》影响下,业绩表现和基准偏离度成为重要考虑因素,预计公募会逐步修正行业配置。截至一季度末,股票型基金重仓股非银板块配置比例较沪深300指数权重欠配9.68%,仅次于银行(9.73%),保险权重大、负债端稳步增长、竞争格局优化态势明确,上市保险公司欠配比例中国平安(2.38pct)、中国太保(0.37...

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