Securities Daily: From "rushing for licenses" to "focusing on profitability," the equity valuation of insurance companies returns to rationality

Recently, the results of equity auctions from two insurance companies have attracted industry attention. Among them, two equity stakes of Ancheng Property Insurance Co., Ltd. ended in failure during the fifth auction on the Alibaba Asset platform; a stake from Three Gorges Life Insurance Co., Ltd. will be re-auctioned at a reduced price on February 27 after failing to sell in its first auction. Industry insiders believe that these two equity auction cases reflect a change in the capital market's selection criteria for insurance company equities, shifting from an emphasis on the scarcity of licenses to a greater focus on sustainable profitability and professional capabilities, driving the valuation of insurance company equities to continue returning to rationality