Zhong Guo Jing Ji Wang·2025-09-02 01:45Core Viewpoint - China Pacific Insurance (CPIC) reported steady growth in its financial performance for the first half of 2025, with a focus on high-quality development and innovation-driven strategies [1][2][3] Financial Performance - CPIC achieved operating revenue of CNY 200.5 billion, a year-on-year increase of 3.0%, with insurance service revenue at CNY 141.8 billion, up 3.5% [1] - The group's net profit attributable to shareholders was CNY 27.9 billion, reflecting an 11.0% increase, while operating profit rose by 7.1% to CNY 19.9 billion [1] - The embedded value of the group reached CNY 588.9 billion, a 4.7% increase from the end of the previous year [1] - Total assets grew to CNY 3.77 trillion, marking a 6.5% increase from the end of last year [1] Business Strategy and Development - The company emphasized a "steady progress" approach, focusing on consolidating high-quality development and deepening reforms [1][2] - CPIC's life insurance segment is enhancing its value proposition through diversified channel development and improved service offerings, leading to increased new business value [2][3] - The property insurance segment is prioritizing profitability and optimizing business structure, resulting in stable premium growth and improved underwriting profits [2][3] Innovation and Technology - CPIC is advancing its artificial intelligence (AI) initiatives, with significant improvements in user experience and operational efficiency, including a reduction in claims processing time [6][7] - The company is building a private domain model and insurance knowledge base to strengthen its competitive edge in the industry [6][7] Health and Wellness Strategy - CPIC has launched a comprehensive health and wellness strategy, focusing on integrating health insurance with pension finance to capture growth opportunities in the sector [8][9] - The strategy aims to enhance service quality and customer experience across various health-related offerings [8][10] Investment Strategy - The company is adopting a dividend value strategy for its equity asset allocation, with a focus on long-term investment returns amid a low-interest-rate environment [14][15] - CPIC is diversifying its investment portfolio by increasing allocations to alternative assets and innovative financial products [14][15]