Core Insights - Sunshine Insurance reported a total premium income of 80.81 billion yuan for the first half of 2025, representing a year-on-year growth of 5.7% [2] - The net profit attributable to shareholders reached 3.39 billion yuan, up 7.8% year-on-year [2] - The group's embedded value increased to 128.49 billion yuan, reflecting an 11.0% growth compared to the end of the previous year [2] Life Insurance Segment - Sunshine Life achieved total premium income of 55.44 billion yuan, a year-on-year increase of 7.1% [2] - The new business value for the first half of the year was 4.01 billion yuan, with a comparable year-on-year growth of 47.3% [2] - The contract service margin balance reached 56.08 billion yuan, up 10.3% from the end of the previous year [2] - Individual insurance business saw a total premium income of 15.34 billion yuan, growing 12.1% year-on-year, with new business value at 1.23 billion yuan, up 23.6% [2] - The proportion of floating income products and protection products exceeded 50%, an increase of 26 percentage points year-on-year [2] Health Insurance and Other Channels - The bancassurance business reported total premium income of 35.44 billion yuan, a growth of 4.2% [2] - Other channels, including group insurance, online sales, and agency business, generated a total premium income of 4.66 billion yuan, up 14.9% [2] Property Insurance Segment - Sunshine Property achieved original premium income of 25.27 billion yuan, a year-on-year increase of 2.5% [3] - The combined underwriting cost ratio improved to 98.8%, a 0.3 percentage point optimization [3] - The underwriting profit reached 290 million yuan, up 42.4% year-on-year [3] - In the auto insurance sector, original premium income was 12.5 billion yuan, with a 3 percentage point increase in the proportion of household vehicle premiums [3] - Non-auto insurance premium income grew by 12.5% to 12.78 billion yuan [3] Asset Management - As of June 30, 2025, the total investment assets of the group amounted to 591.86 billion yuan, a 7.9% increase from the end of the previous year [3] - Total investment income reached 10.7 billion yuan, reflecting a year-on-year growth of 28.5% [3] - Comprehensive investment income was 16.33 billion yuan, up 9.2% year-on-year [3] Technological Advancements - The company has enhanced its AI capabilities to improve quality, reduce costs, and increase efficiency [4] - Sunshine Life upgraded its proprietary "Customer Family Protection Needs Recommendation System" for more precise and customized services [4] - Sunshine Property improved its mobile sales management platform "All-in-One Insurance" App, increasing batch quotation efficiency by over three times [4] Support for the Real Economy - In the first half of the year, the company provided risk protection amounting to 35 trillion yuan for the real economy [4] - The investment balance exceeded 480 billion yuan [4] Financial Services Initiatives - The company provided various technology insurance guarantees totaling approximately 37 billion yuan [5] - In the green finance sector, it offered nearly 7.5 trillion yuan in green insurance guarantees [5] - The company provided 830 billion yuan in agricultural and rural insurance, along with 16 trillion yuan in various inclusive financial protections [5] - Innovations in pension financial products were introduced to enrich the pension protection product matrix [5] - The company is deepening its digital transformation and enhancing AI application capabilities across major business areas [5]
阳光保险公布2025年中期业绩