CITIC Securities: The current valuation of the insurance sector has a high allocation value.

CITIC Securities Research Report suggests focusing on the relative benefit logic of top brokerage firms and compliant advantageous insurance companies. The current valuation of the insurance sector has a high configuration value. The current stock price overly reflects the potential performance pressure from low interest rates and high bases, and the recovery of the asset side is expected to drive second-quarter profit growth and stock price recovery.