智通财经APP获悉，中国太保(02601)跌超4%，截至发稿，跌4.18%，报20.65港元，成交额2.59亿港元。
消息面上，中国太保发布2025年第一季度报告，营业收入937.17亿元(人民币，下同)，同比减少1.8%；股东应占净利润96.27亿元，同比减少18.1%。交银国际指出，太保2025年1季度归母净利润同比下降18.1%，主要由于投资收益同比下降15%。1季度末，归母净资产较年初下降9.5%，主要受1季度债券市场利率上行影响，债券投资公允值产生负向变动，以及传统险准备金折现率仍下行带来保险准备金增加。
平安证券也指出，25Q1资本市场震荡但具备韧性、利率阶段性回升，25Q1未年化净投资收益率0.8%，同比持平；未年化总投资收益率1.0%，同比-0.3pct。截至2025年3月31日，十年期国债到期收益率1.81%，较2024年末+14bps，利率阶段性回升导致债券公允价值同比减少，其中FVTPL类债券公允价值下降对总投资收益率产生负面影响；而FVOCI类债券公允价值下降导致资产规模下降，同时保险责任准备金以750天移动平均曲线为基准计算、增提明显，拖累净资产。
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.