Last year, five listed insurance companies achieved record-breaking net profits.

This article is reprinted from: People’s Daily

Beijing, April 7 — (Reporter Qu Xinming) Recently, five listed insurance companies in the A-share market released their 2025 annual performance reports. Last year, China People’s Insurance (PICC), China Life, Ping An Insurance, China Pacific Insurance, and New China Insurance together once again hit a record high in net profit attributable to shareholders.

On the asset side, listed insurers increased their support for the real economy and achieved strong investment returns. China Life has vigorously advanced the participation of medium- and long-term funds in the market, and actively deployed in areas related to New Productive Forces, with total investment income of 3,876.94 billion yuan and a total investment yield of 6.09%. China People’s Insurance invested 3,280 billion yuan in the “Five Major Articles” of financial services, up 39.1% from the beginning of the year. Ping An’s comprehensive investment yield was 6.3%, up 0.5 percentage points year-on-year. China Pacific Insurance achieved total investment income of 1,416.34 billion yuan for the full year, up 17.6% year-on-year.

On the liability side, premium growth rates in life insurance and bancassurance channels were relatively high. New China Life seized the policy opportunity of “reporting and distributing integration,” strengthened the strategic positioning of bancassurance channels, and on the basis of a major optimization of its cost structure, achieved first-year premiums of 379.34 billion yuan for long-term insurance and new business value of 52.73 billion yuan—both reaching historical highs. China Pacific Insurance’s bancassurance channel, new-policy-period premium scale, was nearly 170 billion yuan, up 43.2% year-on-year, and new business value increased by 102.7% year-on-year.

In addition, Ping An underwrote 3.26 million technology insurance policies, providing risk coverage of 9.29 trillion yuan. PICC Property and Casualty’s non-auto insurance business accounted for 45%, up 0.3 percentage points year-on-year. China Pacific Insurance strengthened refined management of auto insurance, and its comprehensive cost ratio for auto insurance underwriting fell by 2.6 percentage points year-on-year, while the share of new-energy vehicle insurance premiums increased by 5.6 percentage points year-on-year.