According to the research report of Shanxi Securities on March 21, the sustainability of the recovery of the life insurance business is worth paying attention to. Under the influence of factors such as stabilizing the number of agents, increasing per capita production capacity, the continued strength of banks, and changes in the sales product structure, the life insurance business of insurers is still expected to experience a weak recovery. Under the assumption that the return on total investment will gradually rise, the short-term performance of insurers is also expected to improve significantly. Based on debt-side recovery and asset-side elastic performance, the company recommended Ping An of China, China Life Insurance, and China Taibao in that order.