Nan Fang Du Shi Bao·2025-10-28 12:08Core Insights - China Ping An reported a revenue of 832.94 billion yuan for the first three quarters of 2025, marking a year-on-year growth of 7.4% [2] - The net profit attributable to shareholders reached 132.86 billion yuan, reflecting an 11.5% increase year-on-year, with a significant 45.4% growth in the third quarter alone [2] - The company’s net assets attributable to shareholders stood at 986.41 billion yuan as of September 30, 2025, showing a 6.2% increase after dividends [2] Insurance Sector Performance - The new business value for life and health insurance grew by 46.2% in the first three quarters of 2025, with agency per capita new business value increasing by 29.9% [2] - The bank insurance channel saw a remarkable 170.9% growth in new business value [2] - Property insurance premium income reached 256.25 billion yuan, up 7.1% year-on-year, with a comprehensive cost ratio of 97.0%, improving by 0.8 percentage points [2] Banking Sector Challenges - Ping An Bank reported a revenue of 100.67 billion yuan and a net profit of 38.34 billion yuan, both showing a decline [3] - The non-performing loan ratio was 1.05%, a slight decrease of 0.01 percentage points from the beginning of the year [3] - The bank's credit and other asset impairment losses decreased by 18.8% year-on-year to 25.99 billion yuan [3] Investment and Strategic Initiatives - The insurance investment portfolio achieved a non-annualized comprehensive investment return of 5.4%, up by 1.0 percentage points year-on-year, with the portfolio size exceeding 6.41 trillion yuan, a growth of 11.9% from the start of the year [3][4] - The company is focusing on long-term stable investment returns by increasing equity allocation while managing risks [4] - Ping An's home care services have expanded to 85 cities, serving nearly 240,000 clients, and high-quality health and wellness community projects are underway in five cities [4] Technological Advancements - The implementation of AI in claims processing has resulted in a reduction of fraud losses by 9.15 billion yuan [4] - AI service interactions exceeded 1.292 billion, covering 80% of total customer service volume, with an AI penetration rate of 10% [4] - AI-assisted sales reached 99.07 billion yuan, and the company has developed an "AI + human" system to enhance policy renewal rates by 23% [4]