每(mei)經編輯｜每(mei)經記者 王(wang)硯丹    

◎每經記者 王硯丹

作為機構(gou)投資(zi)(zi)者的重要代表，保險(xian)資(zi)(zi)金(jin)的動向往(wang)往(wang)受到市場特別關注。截至3月30日，四大A股保險(xian)公司的2014年年報已(yi)全(quan)部披露(lu)。值得一提的是，保險(xian)公司普(pu)遍加大了權(quan)益類(lei)投資(zi)(zi)力度。

太保總收(shou)益率達6.1%

2014年(nian)，上(shang)市(shi)險企業績(ji)均(jun)出現(xian)大幅增(zeng)(zeng)(zeng)長(chang)。報(bao)告期內，中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)平安(an)實(shi)現(xian)凈(jing)(jing)利(li)潤392.79億元(yuan)，同比(bi)增(zeng)(zeng)(zeng)長(chang)39.51%。中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)人(ren)壽(shou)實(shi)現(xian)凈(jing)(jing)利(li)潤322.11億元(yuan)，同比(bi)增(zeng)(zeng)(zeng)長(chang)30.1%。新(xin)華保(bao)(bao)險，實(shi)現(xian)凈(jing)(jing)利(li)潤64.06億元(yuan)，同比(bi)增(zeng)(zeng)(zeng)長(chang)44.9%。中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)太(tai)(tai)保(bao)(bao)實(shi)現(xian)凈(jing)(jing)利(li)潤110.49億元(yuan)，同比(bi)增(zeng)(zeng)(zeng)長(chang)19.3%。《每日經濟新(xin)聞》記者注意到，投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)上(shang)升是(shi)保(bao)(bao)險公司去(qu)年(nian)業績(ji)獲得豐收(shou)(shou)的(de)(de)(de)(de)重要原因。其中(zhong)(zhong)(zhong)(zhong)(zhong)，新(xin)華保(bao)(bao)險去(qu)年(nian)凈(jing)(jing)投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)為5.2%，總(zong)投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)為5.8%。中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)人(ren)壽(shou)凈(jing)(jing)投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)為4.71%，總(zong)投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)為5.36%。中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)平安(an)凈(jing)(jing)投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)為5.3%，總(zong)投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)為5.1%。中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)太(tai)(tai)保(bao)(bao)凈(jing)(jing)投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)為5.3%，總(zong)投(tou)資(zi)(zi)(zi)(zi)收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)為6.1% 值得一提(ti)的(de)(de)(de)(de)是(shi)，上(shang)市(shi)險企收(shou)(shou)益(yi)(yi)(yi)率(lv)(lv)(lv)的(de)(de)(de)(de)上(shang)升與權益(yi)(yi)(yi)類投(tou)資(zi)(zi)(zi)(zi)的(de)(de)(de)(de)爆(bao)發不無關系開。其中(zhong)(zhong)(zhong)(zhong)(zhong)，新(xin)華保(bao)(bao)險股權型投(tou)資(zi)(zi)(zi)(zi)從(cong)2013年(nian)的(de)(de)(de)(de)415.89億元(yuan)提(ti)升至705.53億元(yuan)，同比(bi)增(zeng)(zeng)(zeng)加69.6%。中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)人(ren)壽(shou)2014年(nian)權益(yi)(yi)(yi)類投(tou)資(zi)(zi)(zi)(zi)占(zhan)比(bi)從(cong)2013年(nian)的(de)(de)(de)(de)8.39%上(shang)升至11.23%；中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)平安(an)則(ze)從(cong)2013年(nian)的(de)(de)(de)(de)10.5%上(shang)升至14.1%。中(zhong)(zhong)(zhong)(zhong)(zhong)國(guo)太(tai)(tai)保(bao)(bao)權益(yi)(yi)(yi)類投(tou)資(zi)(zi)(zi)(zi)資(zi)(zi)(zi)(zi)產分紅(hong)收(shou)(shou)入超過30億元(yuan)，同比(bi)增(zeng)(zeng)(zeng)長(chang)17.9%。

中國人(ren)壽(shou)副(fu)總(zong)裁楊征3月25日表示，“目前來看，（權益(yi)類）投(tou)資比例會適當提升(sheng)，往后會積極謹慎地評(ping)估股市對于(yu)公司短(duan)期(qi)、長(chang)期(qi)收益(yi)風險(xian)的影響。”

險(xian)資(zi)青睞(lai)成長和醫藥(yao)股(gu)

值得注意的(de)(de)是，去年(nian)保險資金在A股(gu)市場(chang)動作頻頻。《每日(ri)經濟新聞》記者梳理發(fa)現，去年(nian)四季度，三家險企（未統計中(zhong)國太保）在A股(gu)市場(chang)更青睞中(zhong)小市值的(de)(de)成長股(gu)。有時候甚至還會出現在同(tong)一家上市公司的(de)(de)股(gu)東名單中(zhong)。

如(ru)新(xin)華(hua)保險(xian)(xian)去年(nian)四(si)季度(du)出現在20家上市公(gong)司的股(gu)東(dong)名單中(zhong)，其(qi)中(zhong)7家為中(zhong)小板公(gong)司。海(hai)康威(wei)視(shi)是(shi)新(xin)華(hua)保險(xian)(xian)斥資最(zui)(zui)多的一(yi)只個(ge)股(gu)。去年(nian)四(si)季度(du)，新(xin)華(hua)保險(xian)(xian)對其(qi)加倉1279.98萬(wan)股(gu)，至四(si)季度(du)末持股(gu)數達到3345.84萬(wan)股(gu)。今年(nian)以(yi)(yi)來，海(hai)康威(wei)視(shi)累計上漲27.67%。此外，公(gong)司還(huan)比較青睞醫藥股(gu)。其(qi)中(zhong)，以(yi)(yi)東(dong)阿(a)阿(a)膠持股(gu)市值最(zui)(zui)大，達到7.4億元（以(yi)(yi)東(dong)阿(a)阿(a)膠3月27日收盤價計）。

而(er)中(zhong)國(guo)人壽(shou)則出現在(zai)了23家上(shang)市(shi)公(gong)(gong)司的(de)股(gu)(gu)(gu)東名單中(zhong)。和新(xin)華保險類似，中(zhong)國(guo)人壽(shou)的(de)投資理念也是(shi)醫藥和成長股(gu)(gu)(gu)并(bing)重。相對來說，中(zhong)國(guo)平安(an)的(de)持股(gu)(gu)(gu)分布最廣。截至去年(nian)年(nian)底，平安(an)共出現在(zai)28家上(shang)市(shi)公(gong)(gong)司的(de)股(gu)(gu)(gu)東名單中(zhong)，且有3家是(shi)創業板。另外，平安(an)還持有海特高新(xin)、三花股(gu)(gu)(gu)份、塔牌集團(tuan)等(deng)10家中(zhong)小(xiao)板公(gong)(gong)司股(gu)(gu)(gu)票。

值得一提的是，平安和(he)國壽均(jun)重倉(cang)持有(you)目前兩市第一低價股——農(nong)業銀行。截(jie)至12月31日，前者(zhe)(zhe)持有(you)農(nong)行48.18億(yi)股，后(hou)者(zhe)(zhe)持有(you)11.89億(yi)股。