Zhong Guo Jing Ying Bao·2025-11-03 05:56Core Insights - China Pacific Insurance (601601.SH) reported a revenue of 344.91 billion yuan for the first three quarters of 2025, marking an 11.1% year-on-year increase [1] - The net profit attributable to shareholders reached 45.7 billion yuan, reflecting a 19.3% growth compared to the previous year [1] - The company’s investment assets totaled 2,974.784 billion yuan, an 8.8% increase from the end of the previous year [1] Financial Performance - Insurance service revenue for the first three quarters was 216.894 billion yuan, up 3.6% year-on-year [1] - Operating profit stood at 28.474 billion yuan, showing a 7.4% increase [1] - The net investment return rate was 2.6%, down by 0.3 percentage points year-on-year, while the total investment return rate improved to 5.2%, up by 0.5 percentage points [1] Business Segments - The life insurance segment achieved a premium income of 263.863 billion yuan, a 14.2% increase year-on-year [1] - New business value in the life insurance sector was 15.351 billion yuan, growing by 7.7%, with a comparable growth of 31.2% [1] - The agency channel generated a premium income of 184.374 billion yuan, a 2.9% increase, while new policy premium income decreased by 1.9% to 33.191 billion yuan [1] - The bancassurance channel saw a significant growth of 63.3% in premium income, reaching 58.310 billion yuan, with new policy premium income increasing by 43.6% to 15.991 billion yuan [1] Future Outlook - The General Manager of Life Insurance, Li Jinsong, expressed optimism for 2026, projecting a growth of 5%-10% in premium income from the personal business channel [2] - The first quarter of 2026 is expected to show higher growth compared to the second and third quarters of 2025, with a focus on ensuring positive growth in new business value [2]