中国平安上半年营收逾5000亿元增长1%

Core Insights - China Ping An reported a revenue of approximately 500.1 billion yuan for the first half of 2025, reflecting a year-on-year growth of 1% [2] - The net profit attributable to shareholders decreased by 8.8% to 68.047 billion yuan [2] - The interim cash dividend increased to 0.95 yuan per share, up by 2.2% year-on-year [2] Life and Health Insurance - New business value in life and health insurance reached 22.335 billion yuan, a significant year-on-year increase of 39.8% [2] - New business value from the agent channel grew by 17.0%, while per capita new business value increased by 21.6% [2] - The bancassurance channel saw a substantial growth of 168.6% in new business value [2] - The bancassurance, community financial services, and other channels contributed 33.9% to the new business value [2] - The 13-month policy continuation rate remained high at 96.9%, an increase of 0.3 percentage points year-on-year [2] Property and Casualty Insurance - The original insurance premium income reached 171.857 billion yuan, marking a year-on-year growth of 7.1% [2] - Insurance service income was 165.661 billion yuan, reflecting a growth of 2.3% [2] - The overall combined cost ratio improved to 95.2%, a decrease of 2.6 percentage points year-on-year [2] Investment Performance - The investment portfolio achieved a non-annualized comprehensive investment return rate of 3.1%, up by 0.3 percentage points year-on-year [2] - Over the past decade, the average net investment return rate was 5.0%, and the average comprehensive investment return rate was 5.1% [2] Strategic Direction - The Chairman of China Ping An emphasized the commitment to focus on core business, increase revenue, reduce costs, innovate, and manage risks in the second half of the year [3] - The company aims to deepen its strategy of "comprehensive finance + medical and elderly care" and promote a full digital transformation [3]