智通财经APP获悉，内险股集体走低，截至发稿，中国人寿(02628)跌4.14%，报32.92港元；中国人保(01339)跌3.52%，报6.56港元；中国太保(02601)的2.41%，报37.26港元；新华保险(01336)跌2.1%，报58.15港元。
申万宏源发布研报称，25年第四季度资本市场阶段性波动，叠加25年下半年部分险企大幅提升二级市场权益配置比例，第四季度上市险企利润表现或阶段性承压。该行预计2025年A股上市险企归母净利润同比增长22.7%至4264亿元，增速较25年前三季度环比下降10.9pct。
值得注意的是，存款搬家叙事持续发酵。关于到期规模的传言从10万亿一路飙到70万亿，背后期待的其实是“更快的资金再配置”，足以改写不同资产的供需和定价。美银最新报告显示，认为居民定存到期后70%-80%仍会留在银行体系，真正流向“非存款资产”的规模大约1万亿元。如果其中5000亿元流向保险，足以让寿险销售端出现“看得见的”弹性。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.