Zheng Quan Zhi Xing·2025-08-29 17:12Core Viewpoint - China Pacific Insurance (Group) Co., Ltd. is committed to high-quality development, enhancing its comprehensive strength and market position while significantly improving service quality and effectiveness in supporting the real economy and people's well-being [2][3]. Financial Performance - The group's total operating revenue increased by 3.0%, with the operating profit attributable to shareholders rising by 7.1% and net profit increasing by 11.0% [3]. - The embedded value of the group grew by 4.7%, and total managed assets increased by 6.5% [3]. - The solvency ratios under the second phase of the solvency regulation remained sufficient, with the comprehensive solvency adequacy ratio increasing by 8 percentage points [4]. Business Segments Life Insurance - The life insurance segment saw a 13.1% increase in premium scale, with new business value rising by 32.3% [5]. - The agent workforce stabilized, with a 12.7% increase in core human productivity [5]. - The bancassurance channel's new business value surged by 156.1%, indicating strong growth in this distribution channel [5]. Property Insurance - The property insurance segment reported a 0.9% increase in gross premium income, with a notable improvement in underwriting profitability [6]. - The combined ratio for property insurance improved, reflecting better cost management and profitability [6]. Investment Management - The group maintained stable growth in managed assets, with a 6.5% increase in total managed assets [6]. - The investment performance showed resilience, with total investment income decreasing slightly by 2.1% year-on-year [8]. - The group is actively exploring new asset-liability matching management models to enhance investment performance [6]. Strategic Initiatives - The company is focusing on high-quality development, deepening reforms, and enhancing value creation capabilities through three main strategies: promoting health and wellness, internationalization, and integrating artificial intelligence [7]. - The company aims to strengthen its service capabilities and operational efficiency while building a leading insurance financial service group with market influence and international competitiveness [7].