3 6 Ke·2025-08-29 01:45Core Viewpoint - In the first half of 2025, China People's Insurance Group (China P&C) achieved a record net profit of 35.9 billion yuan, marking a year-on-year growth of 17.8% [1][2] Financial Performance - The net profit attributable to shareholders reached 26.5 billion yuan, up 16.9% year-on-year [1] - Insurance service revenue amounted to 280.3 billion yuan, reflecting a 7.1% increase [1] - Original insurance premium income was 454.6 billion yuan, growing by 6.4% [1] - Total investment income reached 41.5 billion yuan, a significant increase of 42.7% [1][8] Stock Performance - Supported by strong financial results, China P&C's A-shares hit a nearly six-year high, while H-shares reached a 13-year peak [2] Business Segments Property Insurance - China P&C maintained a market share of 33.5% in property insurance, leading the industry [3] - The comprehensive cost ratio for property insurance was 95.3%, the best level in nearly a decade [3] - Premium income from motor vehicle insurance was 144.1 billion yuan, up 3.4%, with new energy vehicle premiums at 27.2 billion yuan, growing by 38.4% [3][5] Life Insurance - Life insurance premium income was 90.5 billion yuan, a year-on-year increase of 14.5% [6] - The first-year premium income was 22.7 billion yuan, up 25.6% [6] - New business value for life insurance increased by 71.7% year-on-year [6] Health Insurance - Health insurance service revenue reached 15.6 billion yuan, growing by 13.2% [7] - New business value in health insurance increased by 51% [7] Investment Strategy - The total investment income of 41.5 billion yuan resulted in an annualized total investment return of 5.1%, up by 1 percentage point [8] - Investment assets exceeded 1.7 trillion yuan, a 7.2% increase from the beginning of the year [8] - The company is actively participating in long-term stock investment trials, with a pilot scale of 10 billion yuan approved [9] International Expansion - The company is accelerating its international strategy with the "going out" initiative for new energy vehicle insurance, having successfully insured over 1,000 vehicles in Hong Kong and launched operations in Thailand [3][4][5]