非银金融行业:如何看待当前保险股的配置价值?

中信建投证券
Feb 08

核心观点近期大量存款陆续到期背景下,分红险为代表的储蓄险有望凭借其收益高、期限长的优势持续承接居民长期稳健增值需求,叠加头部险企把握银保价值率改善机遇加大布局,有望带动新单和NBV快速增长。资产端看好权益市场春季躁动行情增厚利润,利率企稳回升支撑险资长期回报中枢,叠加NBV 增速有望保持高景气,有望带动估值持续抬升。摘要证券:当前券商板块估值处于历史低位而政策红利明确,2026 年有望迎来估值修复...

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