【中信证券:分红险转型 提升行业估值】中信证券研报称,随着低利率环境确立,居民财富通过银保渠道,从储蓄存款向分红险迁移,进而形成耐心资本、支持资本市场的链条正在形成。分红险转型是保险公司商业模式再一次发生质变的开始,盈利对投资收益率敏感性将大幅下降,估值体系有望从PB走向PEV体系,上市保险公司均有较大配置价值。

金融界
15 Jun
中信证券研报称,随着低利率环境确立,居民财富通过银保渠道,从储蓄存款向分红险迁移,进而形成耐心资本、支持资本市场的链条正在形成。分红险转型是保险公司商业模式再一次发生质变的开始,盈利对投资收益率敏感性将大幅下降,估值体系有望从PB走向PEV体系,上市保险公司均有较大配置价值。

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