Guotai Junan: The new energy vehicle insurance market continues to expand, maintaining an "overweight" rating for the industry.

Guotai Junan Securities released a research report stating that China's new energy vehicle insurance premium scale is currently in a phase of rapid growth. Although the overall industry is facing losses, the comprehensive cost ratio has shown a sustained improvement, and it is expected that there will be ample growth space for premium scale in the coming years, with the profitability level likely to improve further. China Pacific Insurance, as one of the top insurance companies in the country, has accumulated strong resources, channels, and technical advantages in auto insurance. By 2025, China Pacific Insurance is expected to have a market share of over 30% in new energy vehicle insurance and is projected to achieve stable profitability ahead of others. The industry maintains an "overweight" rating, with a stock recommendation for China Pacific Insurance.