保险行业2020年中报综述.pdf

2009 1210 2020 2018 convid-19 1.56 +3.9% 4760 +19.7% 600 -6.4% 81.5% 5.7pct NBV NBV 2019 NBV 4 NBV 20% 2.4pct 4pct 2.9pct 2.2pct 1.3pct NBV ROEV EV ROEV NBV EV NBV 2018 NBV ROEV NBV ROEV EV ROEV EV 10 8 3% 3% EPS PE 2020E 2021E 2022E 2020E 2021E 2022E PB 77.14 7.6 9.4 11.3 10.15 8.21 6.83 2.09 43.09 2.09 2.32 2.3 20.62 18.57 18.73 3.08 61.2 5.02 5.54 6.09 12.19 11.05 10.05 2.26 31.02 3.22 3.65 4.5 9.63 8.5 6.89 1.67 7.15 0.43 0.46 0.71 16.63 15.54 10.07 1.73 Wind 2020 09 08 0755-82756802 zhangjingweihcyjs S0360520060002 021-20572556 xukanghcyjs S0360518060005 0755-82755952 hongjinpinghcyjs S0360516110002 % ( ) 7 0.18 ( ) 34,669.87 4.29 ( ) 21,436.83 3.58 % 1M 6M 12M 2.11 -1.39 -12.13 2.4 -14.82 -31.02 2020 2020-08-19 2020-08-23 8 2020 8 9 2020-08-30 -26% -10% 7% 23% 19/09 19/11 20/01 20/03 20/05 20/07 2019-09-09 2020-09-08 300 2020 09 09