寿险银保渠道增速较快，财险综合成本率下降

寿险银保渠道增速较快，财险综合成本率下降 报告日期2025年09月01日 投资要点： 分析师：张博S0190519060002BMM189zhangboyjs@xyzq.com.cn 分析师声明 信息披露 司、印象大红袍股份有限公司、脑动极光医疗科技有限公司、TurkeyWealthFund、ZHENGDINGSTATE-OWNEDASSETSHOLDINGANDOPERATINGGROUPCO.,LTD.、CHONGQINGSANXIAFINANCINGGUARANTEEGROUPCO.,LTD.、TonglingState-ownedCapitalOperationHoldingGroupCompanyLimited、NanjingPukouEconomicDevelopmentCo.,Ltd.、BoxinyuanInternationalCo.,Ltd.、HuishangBankCorporationLimited、ZHANGZHOUGAOXINDEVELOPMENTCO.,LTD.、ZHANGZHOUYUANSHANDEVELOPMENTCO.,LTD.、YunchengDevelopmentInvestmentGroupCo.,Ltd、GuangzhouMetroGroupCo.,Ltd.、GuangzhouMetroInvestmentFinance(HK)Limited、GuangzhouMetroInvestmentFinance(BVI)Limited、ZHENGZHOUJIANZHONGCONSTRUCTIONANDDEVELOPMENT(GROUP)CO.,LTD.、BINZHOUSMARTCITYOPERATIONCO.,LTD.、QINGDAOBEI’ANHOLDINGGROUPCO.,LTD.、PeixianUrbanConstructionInvestmentDevelopmentGroupCo.,Ltd.、LICHENGINTERNATIONALDEVELOPMENTCO.,LTD.、JINANLICHENGHOLDINGGROUPCO.,LTD.、ZHENGZHOUURBANDEVELOPMENTGROUPCO.,LTD.、KnowledgeCity(Guangzhou)InvestmentGroupCo.,Ltd.、SuzhouCityConstructionInvestmentGroup(Holding)Co.,Ltd、HENANWATERCONSERVANCYINVESTMENTGROUPCO.,LTD、ORIENTALCAPITALCOMPANYLIMITED、YANCHENGORIENTALINVESTMENT&DEVELOPMENTGROUPCO.,LTD.、BEIJINGXUNZHONGCOMMUNICATIONTECHNOLOGYCO.,LTD.、ANJOYFOODSGROUPCO.,LTD.、CloudbreakPharmaInc.、HuangshanTourismGroupCo.,Ltd.、ZhouLiuFuJewelleryCo.,Ltd.、CALC、CALCBondsLimited、NEWTRENDGROUPHOLDINGCO.,LTD.、SHANDONGMINGSHUIGUOKAIDEVELOPMENTGROUPCO.,LTD.、WuxingIndustryInvestmentHushengCompanyLimited、HuzhouWuxingIndustrialInvestmentDevelopmentGroupCo.,Ltd.、JiangsuZenergyBatteryTechnologiesGroupCo.,Ltd.、QingdaoNorthShoreHoldingGroupCo.,Ltd.、QINGDAOBULLETTRAINTOWNINVESTMENTGROUPCO.,LTD、ImpressionDahongpaoCo.,Ltd.、BrainAuroraMedicalTechnologyLimited有投资银行业务关系。$$BusinessPublishEnd$$ 使用本研究报告的风险提示以及法律声明 特别声明