预计1H25 中资保险净利润同比增长7.4%中资保险行业2025 年中报季将于8 月下旬开启,我们预期行业1H25 净利润同比增速为+7.4%(简单平均),各家公司上半年盈利增速相较1 季度的分化明显收敛,我们认为利率变化和不同计量方式下寿险合同转亏或转盈的确认时间差异,以及投资端的基数和风格是各家公司季度间盈利增速波动的主要原因;财险方面,1H25 上市财险公司承保端普遍改善、整体盈利表现相较...
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