2 1 Shi Ji Jing Ji Bao Dao·2025-07-17 07:12Core Insights - The insurance industry in China has shown positive growth in premium income for the first half of 2025, with notable increases from major companies like New China Life Insurance, China Pacific Insurance, and ZhongAn Online [1][3]. Company Performance - New China Life Insurance reported a premium income of 121.26 billion yuan, marking a year-on-year increase of 23% [2][3]. - China Pacific Insurance's premium income reached 282.01 billion yuan, reflecting a 6% increase compared to the same period last year [2][3]. - ZhongAn Online's premium income was 16.66 billion yuan, with a year-on-year growth of 9% [2][3]. Distribution Channels - China Pacific Insurance's premium income from the bancassurance channel surged by 74.6% to 37.05 billion yuan, with new business increasing by 90.2% [4][5]. - The agency channel for China Pacific Insurance saw a decline in income by 2.5%, with new business down by 20% [4][5]. - The group and government channel also experienced growth, with a premium income of 10.79 billion yuan, up 8.6% [4][5]. Market Trends - The insurance industry is transitioning towards a focus on value and efficiency rather than just speed and scale, particularly in property insurance [7][8]. - The growth in vehicle insurance premiums is attributed to a significant increase in automobile sales, with passenger car and new energy vehicle sales rising by 12.6% and 43.9%, respectively [8]. - The overall insurance sector reported a premium income of 3.06 trillion yuan in the first five months of 2025, with a year-on-year growth of 3.77% [8].