Core Viewpoint - China People's Insurance Group (01339) reported a strong performance for the first half of 2025, with a significant increase in net profit and steady growth in investment assets, leading to a stock price increase of over 4% post-earnings announcement [1][2]. Financial Performance - Total revenue for the first half of 2025 reached 324.12 billion yuan, marking a year-on-year growth of 10.87% [1]. - Net profit attributable to shareholders was 26.67 billion yuan, reflecting a year-on-year increase of 13.98% [1]. - Basic earnings per share stood at 0.6 yuan, with an interim cash dividend of 0.75 yuan per 10 shares [1]. Business Segments - In the property insurance sector, the company maintained a market share of 33.5%, leading the industry [2]. - The net cash inflow from operating activities increased by 26.6%, indicating improved liquidity [2]. - The combined cost ratio improved to 94.8%, down 1.4 percentage points year-on-year [2]. Life Insurance Performance - The new business value for life insurance increased by 71.7% on a comparable basis [2]. - The proportion of regular premium income to total premium income reached 79.5%, up 0.9 percentage points year-on-year [2]. - The 13-month premium persistency rate improved to 96.4%, an increase of 0.4 percentage points year-on-year [2]. Health Insurance Growth - The new business value for health insurance grew by 51.0% on a comparable basis [2]. - First-year regular premium income increased by 52.3% year-on-year [2]. - First-year regular premium income from internet long-term insurance surged by 110.6% [2]. Investment Performance - The company achieved total investment income of 40.76 billion yuan, a year-on-year increase of 40.2% [2]. - The annualized total investment return rate improved to 5.0%, up 0.9 percentage points year-on-year [2]. - As of June 30, 2025, the total investment assets exceeded 1.7 trillion yuan, growing by 7.2% since the beginning of the year [1].
港股异动 | 中国人民保险集团(01339)绩后涨超4% 上半年归母净利同比增长13.98% 投资资产规模稳步增长