Hua Er Jie Jian Wen·2025-10-09 13:23Core Insights - Zhang Yuanhan, the Chief Actuary of China Pacific Insurance (CPIC), has submitted his resignation, citing "work changes" as the reason for his early departure, which was originally expected to last until February 2027 [1][2] - Zhang has served CPIC for over 12 years and has held multiple roles, including Chief Financial Officer and temporary Chief Actuary of CPIC's life insurance subsidiary [2] Company Overview - CPIC reported a revenue of 200.496 billion yuan and a net profit attributable to shareholders of 27.885 billion yuan for the first half of 2025, representing year-on-year growth of 3% and 11%, respectively [3] - As of the end of the first half of 2025, CPIC's embedded value was 588.927 billion yuan, an increase of 4.7% from the beginning of the year [3] - The solvency ratios for core and comprehensive solvency were 190% and 264%, respectively, both exceeding regulatory requirements [3]