Zheng Quan Ri Bao·2025-04-29 23:16Core Viewpoint - The company reported stable growth in insurance premiums for the first quarter of 2025, with total premiums reaching RMB 354.41 billion, a year-on-year increase of 5.0% [7] Financial Data - Total premiums for the first quarter of 2025 were RMB 354.41 billion, with renewal premiums at RMB 246.98 billion (up 9.7%) and new premiums at RMB 107.43 billion (down 4.5%) [7] - The company achieved a net profit attributable to shareholders of RMB 28.80 billion, representing a year-on-year growth of 39.5% [8] - Total assets reached RMB 6,976.39 billion, with investment assets at RMB 6,819.17 billion, both showing a growth of 3.1% compared to the end of 2024 [8] Business Performance - The company maintained a stable sales force of 646,000, with individual insurance sales personnel numbering 596,000 [7] - The new business value increased by 4.8% compared to the same period in 2024, reflecting effective management and strategic focus [7] - The company emphasized the diversification of product offerings and the development of floating income-type products, with first-year premium income from floating income products accounting for 51.72% of total first-year premium income [7] Investment Strategy - The company adopted a long-term investment perspective, focusing on stable and value-based investments, with total investment income for the first quarter reaching RMB 53.77 billion and an investment income rate of 2.75% [7] - The company continues to optimize its asset allocation in response to market conditions, particularly in the bond and equity markets [7] Regulatory Compliance - The board of directors and senior management confirmed the accuracy and completeness of the quarterly report, ensuring compliance with relevant regulations [2][3]