Quan Jing Wang·2025-08-26 10:12Core Viewpoint - China Ping An (601318) reported a strong performance in the first half of 2025, with operating profit reaching 77.732 billion yuan, a year-on-year increase of 3.7% [1] Financial Performance - The company announced a stable growth in cash dividends, with an interim cash dividend of 0.95 yuan per share, representing a year-on-year increase of 2.2% [1] - New business value in life and health insurance reached 22.335 billion yuan, showing a robust year-on-year growth of 39.8% [1] Business Development - The multi-channel high-quality development in life insurance has shown significant results, with new business value from the agent channel increasing by 17.0% year-on-year and per capita new business value rising by 21.6% [1] - The bancassurance channel experienced a substantial growth in new business value, increasing by 168.6% [1] - Bancassurance, community financial services, and other channels contributed 33.9% to the new business value of Ping An's life insurance [1] Policy Quality - The quality of business has steadily improved, with a high policy continuation rate; the 13-month policy continuation rate reached 96.9%, up by 0.3 percentage points year-on-year [1] Service Expansion - The "Insurance + Service" strategy has deepened, with Ping An's health management services reaching over 13 million customers in the first half of 2025 [1] - Home care services are now available in 85 cities nationwide, with nearly 210,000 customers qualifying for home care services [1] - The high-quality health and wellness community projects have been established in five cities, with some entering trial operation or construction phases, including a project in Shanghai that began trial operation in July [1]