Zhong Guo Jin Rong Xin Xi Wang·2025-08-28 14:05Core Viewpoint - China Pacific Insurance (CPIC) demonstrates resilience and steady growth in its mid-2025 performance, focusing on high-quality development amidst external uncertainties [1] Financial Performance - CPIC achieved a total revenue of CNY 200.5 billion, a year-on-year increase of 3.0% [1] - Insurance service revenue reached CNY 141.8 billion, growing by 3.5% [1] - The net profit attributable to shareholders was CNY 27.9 billion, reflecting an 11.0% increase [1] - Operating profit attributable to shareholders was CNY 19.9 billion, up by 7.1% [1] - Embedded value increased to CNY 588.9 billion, a growth of 4.7% from the previous year [1] - Total managed assets rose to CNY 3.77 trillion, marking a 6.5% increase [1] Business Structure Optimization - CPIC's life insurance segment is enhancing its "2+N" channel system, with new business value growing rapidly; individual insurance and bank insurance channels contributed 60% and 37.8% respectively [4] - The property insurance segment is optimizing cost structures and reducing high-risk business, leading to improved underwriting profits and record net cash flow [4] Development and Service Enhancement - CPIC is focusing on financial "five major articles" to optimize its insurance supply system, serving 75,000 technology enterprises with a technology investment balance of CNY 119.7 billion [5] - The company is expanding its green finance products, with over 5.3 million vehicles covered under new energy vehicle insurance [5] - CPIC is enhancing its elderly care services, with over 2,000 residents in its "Taibao Home" communities and the launch of a rehabilitation hospital [5] Technological Innovation - The application of AI models is significantly improving insurance processes and operational efficiency, with AI coverage in customer service reaching nearly 50% [6] - The automation rate for health insurance claims has reached 16%, with a 99% accuracy rate in liability recognition [6] Organizational Optimization - CPIC is refining its organizational structure to enhance decision-making efficiency and strengthen talent development [7] - The company has distributed over CNY 10.3 billion in cash dividends for the 2024 fiscal year, maintaining a stable dividend level [7] Future Outlook - CPIC aims to focus on its core responsibilities, implementing strategies in health and elderly care, internationalization, and AI integration to build new competitive advantages [8]