The insurance industry is facing valuation repair.

Liu Ankun, strategist of Rongtong Fund, said that at present, the P/EV of insurance stocks is around 1 times, and the positions of institutions holding insurance stocks are extremely low, so the insurance sector has the allocation value of valuation repair.

The fund's third quarterly report shows that the allocation of insurance stocks in heavy stocks accounts for only 0.76%, which is the lowest in history.

According to the statistics of Haitong Securities, due to the year-on-year improvement of the stock market, the profit decline of listed insurance companies narrowed, and the profit in the third quarter increased slightly by 6% year-on-year, and the performance in the fourth quarter is expected to continue to improve. The total floating profits of the four listed insurance companies rose from 37.8 billion yuan in the middle of the year to 49.4 billion yuan at the end of the third quarter.

However, the premium income from June 5,438+10 to June 5,438+10 just disclosed by four listed insurance companies also showed an overall growth trend, and the accumulated premium income was109401700 million yuan, which was lower than that in the same period of 20 15/kl.

In this regard, the above-mentioned Shanghai fund company said, "The rise of the insurance sector today is mainly due to the low valuation level. Generally speaking, historically, the PB of insurance stocks was between 0.8- 1.2, and the current PB is around 1. Moreover, the current market atmosphere is to tap all low-priced stocks. It is expected that there will still be some room for growth in the future. It is expected that the market style will not change much at the end of the year. "

However, Liu Ankun stressed, "Historically, the beta property of insurance stocks is stronger than the improvement logic of the investment side, so it is only the logic of repair at present."

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.