Xin Lang Cai Jing·2025-10-30 12:16Core Insights - China People's Insurance Group Co., Ltd. (China PIC) reported a 6.8% year-on-year increase in insurance service revenue for the first three quarters of 2025, totaling CNY 431.34 billion [1] - The company's total operating revenue reached CNY 520.99 billion, reflecting a 10.9% year-on-year growth [1] - Net profit attributable to shareholders increased by 28.9% year-on-year, amounting to CNY 46.82 billion [1] Segment Performance - In the first three quarters, China PIC's property and casualty insurance segment generated insurance service revenue of CNY 385.92 billion, a 5.9% increase year-on-year [2] - The underwriting profit for this segment was CNY 14.87 billion, showing a significant growth of 130.7% [2] - The combined cost ratio improved to 96.1%, down by 2.1 percentage points year-on-year [2] - Net profit for the property and casualty segment rose by 50.5% year-on-year to CNY 40.27 billion [2] Business Lines - The auto insurance segment reported original insurance premium income of CNY 220.12 billion, a 3.1% increase year-on-year [2] - In non-auto insurance, agricultural insurance premium income decreased by 3.1%, while accident and health insurance, liability insurance, corporate property insurance, and other insurance types grew by 8.4%, 1.1%, 5.1%, and 4.5% respectively [2] - The life insurance segment achieved insurance service revenue of CNY 19.79 billion, an 18.2% increase year-on-year, but net profit decreased by 10.32% to CNY 13.97 billion [2] - New business value for life insurance grew significantly by 76.6% year-on-year [2] - Health insurance revenue reached CNY 23.24 billion, up 12.9% year-on-year, with net profit increasing by 41.0% to CNY 7.86 billion [2] Investment Performance - In the third quarter, total investment income was CNY 86.25 billion, a 35.3% increase year-on-year [2] - The total investment yield improved to 5.4%, up by 0.8 percentage points year-on-year [2] - Total investment assets grew by 11.2% from the beginning of the year, reaching CNY 1,825.65 billion [2]