Group 1 - The company reported an audited operating revenue of 1,140.32 billion yuan for the year ending December 31, 2025, with an operating profit of 134.42 billion yuan, representing a year-on-year growth of 10.30% [1] - The net profit attributable to shareholders reached 134.78 billion yuan, showing a year-on-year increase of 6.45%, with a basic earnings per share of 7.66 yuan and a proposed final dividend of 1.75 yuan per share [1] - The new business value of life and health insurance reached 36.90 billion yuan, up 29.3% year-on-year, with a new business value rate of 28.5%, an increase of 5.8 percentage points [1] Group 2 - The property insurance business saw a premium income of 343.17 billion yuan, a year-on-year growth of 6.6%, and service income of 338.91 billion yuan, up 3.3% [2] - The overall combined cost ratio improved by 1.5 percentage points to 96.8%, maintaining good profitability, while the auto insurance combined cost ratio improved by 2.3 percentage points to 95.8% [2] - The net cash inflow from operating activities increased by 48.3%, significantly improving liquidity, with the investment scale (excluding sold repurchased financial assets) growing by 12.1% compared to the beginning of the year [2] Group 3 - The company has built a comprehensive financial model that enhances core competitive barriers, with a personal customer base of 251 million, a 3.5% increase from the beginning of the year [3] - The company maintains a 99% retention rate for customers holding three or more products within the group [3] - The healthcare and elderly care strategy has been effectively implemented, with 100% coverage of partnerships with top hospitals and AI+ real doctors serving all personal customers [3]

Core Insights - In 2025, the company demonstrated strong overall performance with significant growth in operational profit and net profit, alongside a notable increase in total revenue and shareholder equity [1] Financial Performance - The operating profit attributable to shareholders reached 134.415 billion RMB, a year-on-year increase of 10.3% - The net profit attributable to shareholders, excluding non-recurring items, was 143.773 billion RMB, up 22.5% year-on-year - Total revenue amounted to 1,050.506 billion RMB, reflecting a 2.1% increase - Shareholder equity surpassed 1 trillion RMB for the first time, reaching 1,000.419 billion RMB, a growth of 7.7% from the beginning of the year [1] Dividend Policy - The proposed cash dividend for the end of 2025 is 1.75 RMB per share, with an annual cash dividend of 2.70 RMB per share, marking a 5.9% increase year-on-year - The total cash dividend amounts to 48.891 billion RMB, with a cash dividend ratio based on operating profit of 36.4% [2] Insurance Business Growth - The new business value for life and health insurance reached 36.897 billion RMB, a 29.3% increase year-on-year, with a new business value rate of 28.5%, up 5.8 percentage points - The agent channel's new business value grew by 10.4%, while the average new business value per agent increased by 17.2% - The bank insurance channel saw a remarkable growth of 138.0% in new business value, contributing significantly to the overall new business value [3] Property Insurance Performance - The gross premium income from property insurance was 343.168 billion RMB, a 6.6% increase year-on-year - Insurance service revenue reached 338.912 billion RMB, up 3.3% year-on-year - The overall combined cost ratio improved to 96.8%, a 1.5 percentage point optimization, maintaining strong profitability [4] Investment Performance - The investment portfolio of insurance funds grew to 6.49 trillion RMB, a 13.2% increase from the beginning of the year - The comprehensive investment return rate was 6.3%, up 0.5 percentage points year-on-year, with a 10-year average net investment return rate of 4.8% [5] Banking Operations - The net profit from banking operations was 42.633 billion RMB, with a non-performing loan ratio of 1.05% and a provision coverage ratio of 220.88% - The core Tier 1 capital adequacy ratio improved to 9.36%, an increase of 0.24 percentage points from the beginning of the year [6] Customer Engagement - The number of individual customers reached 251 million, a 3.5% increase from the beginning of the year - The average monthly active online customer count was approximately 90 million, leading the industry - The retention rate for customers holding three or more products within the group was 99% [7] Healthcare and Elderly Care Strategy - The company achieved 100% coverage in partnerships with top hospitals and tertiary hospitals in China - AI and real doctors cover 100% of individual customers, and a one-click payment service is available in 77,000 pharmacies nationwide - Over 240,000 customers have qualified for home care services, with high-quality elderly care community projects launched in five cities [8] Social Responsibility and Sustainability - The company has invested over 10.88 trillion RMB to support the real economy - The scale of green investments from insurance funds reached 530.087 billion RMB, with a green loan balance of 266.433 billion RMB - The company was rated AAA in MSCIESG and ranked first in the Asia-Pacific region for "comprehensive insurance and brokerage" for four consecutive years [9] Brand Value - The company improved its ranking in the Fortune Global 500 to 47th, 9th among global financial firms - It ranked 13th in the Fortune China 500 and 27th in the Forbes Global 2000, leading among Chinese insurance companies - The company was ranked 32nd in the BrandFinance "2026 Global Brand Value 500" list, maintaining its position as the most valuable insurance brand in China [10]

中国平安(02318)发布截至2025年12月31日止年度的经审计业绩，该集团取得营业收入11403.24亿元;归 属于母公司股东的营运利润1344.15亿元，同比增长10.30%;归属于母公司股东的净利润1347.78亿元，同 比增长6.45%;基本每股营运收益7.66元，拟派发2025年末期股息每股现金人民币1.75元。 银行业务经营保持稳健，资产质量整体平稳，核心一级资本充足率提升。净利润426.33亿元;不良贷款 率1.05%，拨备覆盖率220.88%;核心一级资本充足率 9.36%，较年初上升0.24个百分点。 综合金融模式构筑核心竞争壁垒，客户经营效率持续提升。个人客户数2.51亿，较年初增长3.5%;线上 月均活跃客户数约9000万，领先同业;持有集团内3类及以上产品的客户留存率99%。 医疗养老战略持续落地，差异化优势赋能主业。国内百强医院和叁甲医院合作覆盖率100%;AI+真人医 生覆盖集团100%个人客户;一键展码支付服务覆盖全国7.7万家药店;累计超24万名客户获得居家养老服 务资格;平安臻颐年高品质康养社区项目已在5个城市启动，其中上海颐年城•静安8号已正式运营，深圳 颐年城•福田已投 ...

Core Viewpoint - China Ping An Insurance (Group) Co., Ltd. reported strong growth in its life and health insurance business, with new business value reaching 36.897 billion yuan, a year-on-year increase of 29.3%, marking three consecutive years of double-digit growth [1] Group 1: Business Performance - New business value for China Ping An reached 36.897 billion yuan, reflecting a year-on-year growth of 29.3% [1] - The new business value margin was 28.5%, which is an increase of 5.8 percentage points compared to the previous year [1] Group 2: Channel Performance - The comprehensive strength of distribution channels has improved, with the agent channel's new business value increasing by 10.4% year-on-year [1] - The per capita new business value for agents grew by 17.2% year-on-year [1] - The bancassurance channel saw a significant increase in new business value, growing by 138.0% [1]

北京商报讯（记者 李秀梅）3月26日晚间，中国平安保险（集团）股份有限公司（以下简称"中国平 安"）发布了2025年年报。中国平安表示，2025年实现归属于母公司股东的营运利润1344.15亿元，同比 增长10.3%。归属于母公司股东的扣非净利润1437.73亿元，同比增长22.5%。归属于母公司股东权益首 次突破万亿，达10004.19亿元，较2025年初增长7.7%。 ...

中国平安表示，截至2025年末，平安保险资金投资组合规模6.49万亿元，较年初增长13.2%；综合投资 收益率6.3%，同比上升0.5个百分点；近10年平均净投资收益率4.8%，近10年平均综合投资收益率 4.9%，超内含价值长期投资回报假设。 北京商报讯（记者 李秀梅）3月26日晚间，中国平安保险（集团）股份有限公司（以下简称"中国平 安"）发布了2025年年报。 ...

Core Viewpoint - China Ping An Insurance (Group) Co., Ltd. is accelerating its medical and elderly care strategy, achieving significant coverage and service milestones in 2025 [1] Group 1: Medical and Elderly Care Strategy - The cooperation coverage rate with top 100 hospitals and tertiary hospitals in China has reached 100% [1] - The AI + real doctor service now covers 100% of the group's individual customers [1] - The one-click code payment service is available in 77,000 pharmacies nationwide [1] - Over 240,000 customers have qualified for home elderly care services [1] Group 2: Impact on Insurance Metrics - The medical and elderly care business has effectively driven an increase in customer insurance coverage rates and average premium per policy [1] - The customer insurance coverage rate for those using medical and elderly care services has increased by 4 percentage points [1]

北京商报讯（记者 李秀梅）3月26日晚间，中国平安保险（集团）股份有限公司（以下简称"中国平 安"）发布了2025年年报。中国平安表示，拟派发2025年末期股息每股现金1.75元；全年股息每股现金 2.70元，同比增长5.9%；现金分红总额488.91亿元，连续14年保持上涨。 ...

Core Insights - China Ping An Insurance Group reported a strong performance for the year ending December 31, 2025, with operating profit reaching 134.415 billion RMB, a year-on-year increase of 10.3% [1] - The company’s net profit attributable to shareholders, excluding non-recurring items, was 143.773 billion RMB, reflecting a 22.5% growth [1] - The total equity attributable to shareholders surpassed 1 trillion RMB for the first time, reaching 1,000.419 billion RMB, a 7.7% increase from the beginning of the year [1] - The company proposed a final dividend of 1.75 RMB per share, with total cash dividends amounting to 48.891 billion RMB, marking 14 consecutive years of increases [1] Financial Performance - The new business value for life and health insurance reached 36.897 billion RMB, up 29.3% year-on-year [5] - The comprehensive investment return rate was 6.3%, indicating a stable investment performance [6] - The property insurance segment reported a premium income of 343.168 billion RMB, a 6.6% increase, with a comprehensive cost ratio of 96.8%, improved by 1.5 percentage points [6] Strategic Development - The company is deepening its "comprehensive finance + medical and elderly care" strategy, enhancing core competitiveness through differentiated services [1][2] - The number of individual customers reached 251 million, a 3.5% increase from the beginning of the year, with a customer retention rate of 99% for those holding three or more products [4] - The integration of online and offline channels has improved customer engagement, with over 7,000 offline outlets and a sales team exceeding 1.3 million [3] Technology and Innovation - The company has leveraged technology to enhance service efficiency, with AI applications significantly improving customer service and operational efficiency [12] - In 2025, the company’s AI-driven services achieved a claims processing speed of 59% for life insurance and 93% for property insurance [12] - The introduction of AI products, such as digital health assistants, has improved diagnostic accuracy and reduced costs for consultations [9] Social Responsibility and Sustainability - The company has invested over 10.88 trillion RMB to support the real economy, with a green investment scale of 530.087 billion RMB [13] - The MSCI ESG rating has been upgraded to AAA, reflecting the company's commitment to sustainable development [13] - The company is actively involved in rural revitalization efforts, providing significant funding for rural industries [13]

Core Viewpoint - China Ping An aims to achieve an operating profit attributable to shareholders of the parent company of 134.415 billion yuan by 2025, representing a year-on-year growth of 10.3% [1] Financial Performance - The net profit attributable to shareholders after deducting non-recurring items is projected to be 143.773 billion yuan, reflecting a year-on-year increase of 22.5% [1] - Shareholders' equity has surpassed 1 trillion yuan for the first time, reaching 1,000.419 billion yuan, which is a 7.7% increase from the beginning of the year [1] Dividend Policy - The company plans to distribute a final cash dividend of 1.75 yuan per share for the year 2025, with a total cash dividend amounting to 48.891 billion yuan, marking the 14th consecutive year of increase [1] Business Growth - The life insurance and health insurance sectors continue to show growth, with new business value reaching 36.897 billion yuan, a year-on-year growth of 29.3% [1] Investment Performance - The investment performance of insurance funds is strong, achieving a comprehensive investment return rate of 6.3% [1]