每經(jing)記者｜涂穎浩    每經(jing)編輯｜段(duan)煉    

截至(zhi)昨日，A股(gu)五大上市(shi)險企已全部披露最新保(bao)(bao)(bao)費數據。《每日經濟新聞》記(ji)者統(tong)計(ji)顯示，2020年前11月，中國(guo)人(ren)壽、中國(guo)人(ren)保(bao)(bao)(bao)、中國(guo)平安、中國(guo)太(tai)保(bao)(bao)(bao)和新華保(bao)(bao)(bao)險累計(ji)實現原保(bao)(bao)(bao)險保(bao)(bao)(bao)費收入23270.46億元，同比增(zeng)長4.30%。

從上市壽(shou)險(xian)(xian)來看，中國人(ren)壽(shou)和新華保(bao)(bao)(bao)險(xian)(xian)兩(liang)家保(bao)(bao)(bao)費(fei)實(shi)現同(tong)(tong)比(bi)增(zeng)長，平安人(ren)壽(shou)實(shi)現保(bao)(bao)(bao)費(fei)收(shou)入(ru)4338.32億元(yuan)，同(tong)(tong)比(bi)下(xia)降3.78%；太保(bao)(bao)(bao)壽(shou)險(xian)(xian)實(shi)現保(bao)(bao)(bao)費(fei)收(shou)入(ru)2026億元(yuan)，同(tong)(tong)比(bi)下(xia)降1.94%；人(ren)保(bao)(bao)(bao)壽(shou)險(xian)(xian)實(shi)現保(bao)(bao)(bao)費(fei)收(shou)入(ru)903.84億元(yuan)，同(tong)(tong)比(bi)下(xia)降4.19%。

光大證(zheng)券分析師指出，由于各險企將(jiang)重(zhong)心逐漸(jian)偏向布局2021年開(kai)門紅，除人(ren)保(bao)(bao)(bao)外，其他三家(jia)險企11月單(dan)月保(bao)(bao)(bao)費(fei)出現明顯下滑，同比增(zeng)速分別為-38%、-3%、-3%、14%。分公司(si)看(kan)，保(bao)(bao)(bao)費(fei)收入(ru)分化趨勢縮(suo)小。預計12月保(bao)(bao)(bao)費(fei)收入(ru)繼(ji)續(xu)承壓，2021年開(kai)門紅預期(qi)良好(hao)，有(you)望帶來(lai)保(bao)(bao)(bao)費(fei)增(zeng)速回暖(nuan)。財險方(fang)面，健康險及社會保(bao)(bao)(bao)險意(yi)識提升對財險保(bao)(bao)(bao)費(fei)剌激作(zuo)用減(jian)弱。整體來(lai)看(kan)，三家(jia)財險公司(si)單(dan)月保(bao)(bao)(bao)費(fei)收入(ru)較上(shang)月有(you)所(suo)下降，預計12月保(bao)(bao)(bao)費(fei)增(zeng)速將(jiang)繼(ji)續(xu)承壓。

壽險保費同比增3%，重心偏向布開門紅

《每日經濟新聞》記者(zhe)統計各家機構數據，2020年(nian)前11月，新華(hua)保(bao)(bao)險(xian)實(shi)(shi)現(xian)保(bao)(bao)費(fei)收(shou)入1525.7億元(yuan)，同(tong)比(bi)(bi)增(zeng)(zeng)(zeng)長(chang)(chang)(chang)17.19%；中國(guo)(guo)人壽實(shi)(shi)現(xian)保(bao)(bao)費(fei)收(shou)入5862億元(yuan)，同(tong)比(bi)(bi)增(zeng)(zeng)(zeng)長(chang)(chang)(chang)8.29%；中國(guo)(guo)太保(bao)(bao)實(shi)(shi)現(xian)保(bao)(bao)費(fei)收(shou)入3386.26億元(yuan)，同(tong)比(bi)(bi)增(zeng)(zeng)(zeng)長(chang)(chang)(chang)3.48%；中國(guo)(guo)人保(bao)(bao)實(shi)(shi)現(xian)保(bao)(bao)費(fei)收(shou)入5199.23億元(yuan)，同(tong)比(bi)(bi)增(zeng)(zeng)(zeng)長(chang)(chang)(chang)2.01%；中國(guo)(guo)平安實(shi)(shi)現(xian)保(bao)(bao)費(fei)收(shou)入7297.27億元(yuan)，同(tong)比(bi)(bi)增(zeng)(zeng)(zeng)長(chang)(chang)(chang)0.98%。

從上市壽(shou)險(xian)(xian)來看，中(zhong)國人壽(shou)和新華保(bao)險(xian)(xian)兩家(jia)保(bao)費(fei)實(shi)現同(tong)(tong)(tong)比增長，平安人壽(shou)實(shi)現保(bao)費(fei)收入(ru)(ru)4338.32億元(yuan)(yuan)，同(tong)(tong)(tong)比下降3.78%；太保(bao)壽(shou)險(xian)(xian)實(shi)現保(bao)費(fei)收入(ru)(ru)2026億元(yuan)(yuan)，同(tong)(tong)(tong)比下降1.94%；人保(bao)壽(shou)險(xian)(xian)實(shi)現保(bao)費(fei)收入(ru)(ru)903.84億元(yuan)(yuan)，同(tong)(tong)(tong)比下降4.19%。《每日經濟(ji)新聞》記者(zhe)統計(ji)顯示，2020年前11月(yue)，五(wu)家(jia)壽(shou)險(xian)(xian)公司(si)合計(ji)實(shi)現保(bao)費(fei)收入(ru)(ru)1.47萬億元(yuan)(yuan)，同(tong)(tong)(tong)比增長2.97%。

根據開(kai)源證券(quan)研究(jiu)報(bao)告，11月(yue)單月(yue)壽(shou)(shou)險(xian)保(bao)費(fei)收入同(tong)比-5.62%（10月(yue)-1.66%），其(qi)中(zhong)：中(zhong)國(guo)人(ren)保(bao)+28.87%、中(zhong)國(guo)平(ping)安-1.20%、中(zhong)國(guo)人(ren)壽(shou)(shou)-2.87%、中(zhong)國(guo)太(tai)保(bao)-3.54%、新華(hua)保(bao)險(xian)-37.34%。

該券商(shang)分析稱，中(zhong)國(guo)人(ren)保(bao)(bao)憑借人(ren)保(bao)(bao)壽險(xian)躉(dun)交業務(wu)上量(liang)帶動同(tong)比(bi)大幅提升(sheng)。11月時中(zhong)國(guo)太(tai)保(bao)(bao)、中(zhong)國(guo)人(ren)壽、中(zhong)國(guo)平安相繼(ji)進入開門紅預(yu)售階(jie)段，開門紅業務(wu)推動過程對2020年(nian)保(bao)(bao)費造成(cheng)一定帶動作用(yong)，促使(shi)2020年(nian)11月壽險(xian)保(bao)(bao)費收入同(tong)比(bi)降幅縮窄。新華保(bao)(bao)險(xian)4季度躉(dun)交業務(wu)暫停，造成(cheng)單月壽險(xian)保(bao)(bao)費收入同(tong)比(bi)下滑(hua)。

從新(xin)單(dan)保(bao)費(fei)數據來(lai)看，據上(shang)述券商報告，中(zhong)(zhong)國(guo)(guo)平(ping)安(an)新(xin)業(ye)務保(bao)費(fei)降幅縮窄(zhai)，中(zhong)(zhong)國(guo)(guo)人(ren)保(bao)同(tong)比改善明顯(xian)。保(bao)費(fei)公告顯(xian)示，2020年(nian)前(qian)11月，中(zhong)(zhong)國(guo)(guo)平(ping)安(an)壽險業(ye)務年(nian)累計(ji)新(xin)單(dan)保(bao)費(fei)達成(cheng)1108.23億(yi)(yi)元；中(zhong)(zhong)國(guo)(guo)人(ren)保(bao)壽險業(ye)務1-11月年(nian)累計(ji)新(xin)單(dan)保(bao)費(fei)526.24億(yi)(yi)元。

三大財險保費增5%，健康險刺激作用減弱

從上市財(cai)險公司看，人保(bao)(bao)(bao)財(cai)險實現保(bao)(bao)(bao)費(fei)收(shou)(shou)入(ru)3989.16億(yi)元(yuan)，同(tong)比(bi)增加1.19%；平安產險實現保(bao)(bao)(bao)費(fei)收(shou)(shou)入(ru)2624.49億(yi)元(yuan)，同(tong)比(bi)增長(chang)7.73%；太保(bao)(bao)(bao)財(cai)險實現保(bao)(bao)(bao)費(fei)收(shou)(shou)入(ru)1360.26億(yi)元(yuan)，同(tong)比(bi)增長(chang)1.76%。

《每(mei)日經濟新聞》記(ji)者統(tong)計顯(xian)示，2020年前11月，三(san)大財(cai)險公司合(he)計實(shi)(shi)現保費收(shou)入7973.91億(yi)元，同比增(zeng)長5.11%，該數據較今年前10月保費增(zeng)速進一步下滑，2020年前10月，“老三(san)家”合(he)計實(shi)(shi)現保費收(shou)入7360.19億(yi)元，同比增(zeng)長6.69%，已較前月出現下滑。多位業內人士分析認為，這(zhe)是受到了車險綜合(he)改革的影響。

9月(yue)(yue)19日(ri)，由(you)銀(yin)保(bao)監會(hui)發(fa)布的《關(guan)于實(shi)(shi)(shi)施車險(xian)(xian)綜合改革(ge)的指導意見(jian)》正式實(shi)(shi)(shi)施。銀(yin)保(bao)監會(hui)數據(ju)顯示，前(qian)10月(yue)(yue)，財(cai)(cai)險(xian)(xian)公司共實(shi)(shi)(shi)現原保(bao)險(xian)(xian)保(bao)費(fei)收入11506億(yi)元，同比(bi)(bi)增長(chang)7.17%。其中，財(cai)(cai)險(xian)(xian)業務的主要險(xian)(xian)種(zhong)機動車輛(liang)保(bao)險(xian)(xian)實(shi)(shi)(shi)現原保(bao)險(xian)(xian)保(bao)費(fei)收入6827億(yi)元，同比(bi)(bi)增長(chang)3.82%。從(cong)單月(yue)(yue)保(bao)費(fei)數據(ju)看，10月(yue)(yue)車險(xian)(xian)保(bao)費(fei)相(xiang)較2019年同期下滑了(le)42億(yi)元。

開(kai)源證(zheng)券在研究報(bao)告中(zhong)稱，受車(che)險(xian)(xian)(xian)費改影(ying)響，11月(yue)(yue)單月(yue)(yue)車(che)險(xian)(xian)(xian)保(bao)費同(tong)比(bi)增(zeng)速快速下滑(hua)，平安財險(xian)(xian)(xian)-11.53%（10月(yue)(yue)-4.26%）、人(ren)保(bao)財險(xian)(xian)(xian)-11.66%（10月(yue)(yue)-7.15%）。人(ren)保(bao)財險(xian)(xian)(xian)年累計車(che)險(xian)(xian)(xian)同(tong)比(bi)+2.50%、意外及健康險(xian)(xian)(xian)+16.80%、農險(xian)(xian)(xian)+17.50%，信(xin)用保(bao)證(zheng)險(xian)(xian)(xian)-75.70%、單月(yue)(yue)同(tong)比(bi)-99.04%，業務基本停滯(zhi)，拖累整(zheng)體保(bao)費增(zeng)速。

封面圖(tu)片來源：攝圖(tu)網