Insurance asset allocation reaches a new high, with over 60% of insurance companies planning to increase their positions this year.

Recent data released by the China Banking and Insurance Regulatory Commission on the use of insurance funds in the fourth quarter of 2025 shows that by the end of 2025, the balance of funds used by the insurance industry reached 38.5 trillion yuan, an increase of 15.7% compared to the beginning of the year. Among them, the scale of core equity asset allocation by insurance funds increased significantly by 1.6 trillion yuan compared to the beginning of the year, reaching 5.7 trillion yuan. Stocks increased by 1.31 trillion yuan, funds increased by 290 billion yuan, and the proportion in the major categories of insurance funds in property and life insurance companies exceeds 15%. "Equity allocation remains at historical highs," said Xu Kang, director of financial industry research and chief analyst at Huachun Securities. It is expected that in 2026, the interest of insurance funds in increasing their allocation to equity assets may continue. According to a recent survey on the asset allocation outlook for 2026 conducted by the China Banking and Insurance Asset Management Association, stocks and securities investment funds are the domestic investment assets that insurance institutions generally favor in 2026, with over 60% of insurance institutions expressing a willingness to moderately or slightly increase their investments in stocks.