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UNH的市值体现了“产品+服务”模式的协同优势
UNH的市值体现了“产品+服务”模式的协同优势
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所属报告:
中国平安(601318)-A股公司更新报告:“产品加服务”打造平安新的价值增长极-260225(23页).pdf
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相关数据
UNH的市值体现了“产品+服务”模式的协同优势
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图20美国联合健康(UNH.NYSE)健康险赔付率超过80%
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UNH 相对同业的更高估值,除了其保险分部和服务分部各自优异表现外,“保险+服务”的协同也是 UNH 能实现盈利稳定增长的关键。从分部估值结果来看,市场还给予了其 11.66%的协同溢价。
商业模式
原图定位
当前图表所属:
中国平安(601318)-A股公司更新报告:“产品加服务”打造平安新的价值增长极-260225(23页).pdf
按照当前国债收益率水平,中国平安综合金融业务合理估值为1.41万亿
当前中国平安股价隐含了悲观的国债收益率预期
过去5年,中国平安保险资产投资收益率超越十年期国债的水平平均为1.68%
中国平安打造“953”科技矩阵,全面构筑金融科技护城河
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