Di Yi Cai Jing·2025-10-31 04:38Core Viewpoint - China Pacific Insurance (CPIC) reported a significant increase in net profit for the first three quarters of the year, driven by favorable capital market conditions and growth in insurance services [1][2]. Financial Performance - CPIC's net profit attributable to shareholders grew by 19.3% year-on-year in the first three quarters, with a remarkable 35.2% increase in the third quarter [1]. - The annualized net investment return rate for CPIC was 2.6%, a decrease of 0.3 percentage points year-on-year, while the annualized total investment return rate improved to 5.2%, an increase of 0.5 percentage points [2]. - The comprehensive cost ratio for CPIC's property insurance segment was 97.6%, down by 1.0 percentage point year-on-year [3]. Business Segments - CPIC's life insurance segment achieved a premium income of 263.863 billion yuan, reflecting a year-on-year growth of 14.2%, with new business value increasing by 7.7% [3]. - The bank insurance channel saw a substantial growth of 63.3% in premiums, significantly outperforming the agency channel, which grew by only 2.9% [3]. - The contribution of state-owned banks to CPIC's bank insurance premiums increased from 22% last year to 36% this year, indicating a strategic shift towards collaboration with state-owned banks [3].