The Changjiang Securities Research Report pointed out that the profit of China People's Insurance Insurance is improving, and the investment performance is outstanding. In the first half of the year, the company achieved net profit attributable to shareholders of the parent company of 36.745 billion yuan, an increase of 38.5% over the previous year; it plans to pay an interim dividend of 0.11 yuan per share, an increase of 46.7% over the previous year. Equity investment drives profit performance, and falling expense ratios drive an increase in financial insurance underwriting profits. Profits from agricultural insurance, auto insurance, and liability insurance continued to improve. In terms of scale, car insurance, ehealth insurance, agricultural insurance, and liability insurance remained the most important sources of premiums in the first half of the year. Among them, iHealth Insurance and Liability Insurance grew relatively well, with year-on-year increases of 6.1% and 10.8%, respectively. Individual insurance drives the value of life insurance to increase, and banking insurance contributes to new health insurance policies. The company plans to pay an interim dividend of 0.11 yuan per share, a year-on-year increase of 46.7%, which is higher than the profit growth rate. I am optimistic about the growth space brought about by improved underwriting profits and restructuring of personal insurance. China People's Insurance's financial insurance business relies on market position, business structure optimization, and cost control to enhance underwriting profits; the personal insurance business also continues to improve, and it is expected that channel restructuring and dividend insurance development will continue to bear fruit. Optimistic about performance growth and upward valuation space brought about by improvements at both ends of assets and liabilities.

The Changjiang Securities Research Report pointed out that the profit of China People's Insurance Insurance is improving, and the investment performance is outstanding. In the first half of the year, the company achieved net profit attributable to shareholders of the parent company of 36.745 billion yuan, an increase of 38.5% over the previous year; it plans to pay an interim dividend of 0.11 yuan per share, an increase of 46.7% over the previous year. Equity investment drives profit performance, and falling expense ratios drive an increase in financial insurance underwriting profits. Profits from agricultural insurance, auto insurance, and liability insurance continued to improve. In terms of scale, car insurance, ehealth insurance, agricultural insurance, and liability insurance remained the most important sources of premiums in the first half of the year. Among them, iHealth Insurance and Liability Insurance grew relatively well, with year-on-year increases of 6.1% and 10.8%, respectively. Individual insurance drives the value of life insurance to increase, and banking insurance contributes to new health insurance policies. The company plans to pay an interim dividend of 0.11 yuan per share, a year-on-year increase of 46.7%, which is higher than the profit growth rate. I am optimistic about the growth space brought about by improved underwriting profits and restructuring of personal insurance. China People's Insurance's financial insurance business relies on market position, business structure optimization, and cost control to enhance underwriting profits; the personal insurance business also continues to improve, and it is expected that channel restructuring and dividend insurance development will continue to bear fruit. Optimistic about performance growth and upward valuation space brought about by improvements at both ends of assets and liabilities.