Core Insights - China Pacific Insurance (02328) reported a total original insurance premium income of RMB 323.28 billion for the six months ending June 30, 2025, representing a year-on-year increase of 3.6% [1] - The company achieved insurance service income of RMB 249.04 billion, up 5.6% year-on-year [1] - Underwriting profit reached RMB 13.015 billion, marking a significant increase of 44.6% compared to the previous year [2] - Net profit for the period was RMB 24.455 billion, reflecting a year-on-year growth of 32.3% [2] Financial Performance - The company maintained a market share of 33.5% in China's property insurance market, showcasing its leading scale advantage [1] - The comprehensive cost ratio improved to 94.8%, a decrease of 1.4 percentage points year-on-year, with the auto insurance cost ratio at 94.2%, down 2.2 percentage points [2] - Non-auto insurance cost ratio stood at 95.7%, showing a slight decrease of 0.1 percentage points [2] Investment and Asset Management - Total investment income for the first half of 2025 was RMB 17.26 billion, an increase of 26.6% year-on-year [2] - The company’s total assets reached RMB 804.605 billion, growing by 3.4% since the beginning of the year, while net assets increased by 7.8% to RMB 281.061 billion [2] - The comprehensive solvency adequacy ratio improved to 235.4%, up 2.8 percentage points from the start of the year, and the core solvency adequacy ratio rose to 213.2%, an increase of 2.2 percentage points [2]
中国财险发布中期业绩，净利润244.55亿元 同比增加32.3%