Core Viewpoint - China Pacific Insurance (CPIC) is enhancing its health insurance services in line with the "Healthy China" strategy, demonstrated through a large-scale health consultation event held in Hebei, attracting nearly 700 participants [1][2]. Group 1: Health Consultation Event - The health consultation event featured a team of 10 medical experts from prestigious hospitals, providing free consultations across various specialties including cardiology and traditional Chinese medicine [1]. - This event marks the seventh and eighth large-scale health consultation activities organized by the Yuan Shen Rehabilitation Research Institute [1]. Group 2: Integration with National Strategy - The health consultation aligns with the national strategy for the integration of medical and health services in the Beijing-Tianjin-Hebei region, aiming to enhance the capabilities of medical and health institutions [2]. - CPIC is responding to national policy by introducing high-quality medical resources from Shanghai and Beijing to Hebei, reinforcing its role as a stabilizing force in society [2]. Group 3: Long-term Strategic Initiatives - CPIC has officially launched three major strategies: "Great Health and Elderly Care," "AI+," and internationalization, focusing on customer needs and high-quality product development [2]. - The "Great Health and Elderly Care" strategy aims to create a comprehensive service system that integrates prevention, diagnosis, treatment, and rehabilitation [2]. Group 4: Community Engagement and Services - The Taibao Home Beijing International Elderly Care Community has opened, providing convenient access to high-quality elderly care services for local seniors [4]. - The community project is set to operate by the end of 2025, offering over 800 elderly care beds to meet the demand for quality elderly care in the region [4]. Group 5: Customer-Centric Solutions - CPIC designs personalized comprehensive solutions to meet the core needs of different age groups, including youth, middle-aged, and elderly clients [6]. - The company offers a range of products and services tailored to each demographic, ensuring comprehensive support for health and wealth management [6]. Group 6: Future Plans and Commitment - The medical expert team will continue to conduct nationwide health consultation activities, emphasizing CPIC's commitment to providing high-quality healthcare services [8]. - CPIC aims to uphold its mission of "insurance for the people," ensuring that families can aspire to a better life through its services [8].

Core Viewpoint - Major listed insurance companies in China have reported strong performance for 2024, boosting confidence in the industry's transformation during a complex external environment [2] Financial Performance - China Pacific Insurance (CPIC) achieved operating revenue of 404.09 billion yuan in 2024, a year-on-year increase of 24.7% [2] - The net profit attributable to shareholders exceeded 40 billion yuan for the first time, reaching 44.96 billion yuan, a significant increase of 64.9% year-on-year [2] - The operating profit attributable to shareholders was 34.43 billion yuan, up 2.5% year-on-year, while the group's embedded value was 562.07 billion yuan, growing by 6.2% [2] Life Insurance Segment - CPIC's life insurance segment reported premium income of 261.08 billion yuan, a 3.3% increase year-on-year, with new business value rising by 57.7% to 17.28 billion yuan [3] - The new business value margin improved by 8.6 percentage points to 21.9% [3] - The net profit for the life insurance segment surged by 83.4% to 35.82 billion yuan [3] Non-Life Insurance Segment - CPIC's property insurance segment achieved premium income of 203.54 billion yuan, a 6.8% increase year-on-year, with non-auto insurance premiums growing by 10.7% [3] - The net profit for the property insurance segment increased by 12.2% to 7.38 billion yuan [3] Transformation and Strategy - CPIC's life insurance business is undergoing a "Long Voyage Transformation," focusing on multi-channel development and enhancing value contribution [4] - The 13-month policy continuation rate for individual life insurance customers reached 97.4%, up 1.7 percentage points year-on-year [4] - The company is implementing a six-strategy framework for 2025, focusing on customer, regional, product, channel, operational, and digital strategies [6] Innovation and Development - CPIC is exploring innovative areas such as new energy vehicle insurance, with 17% of auto insurance premiums coming from this segment [7][8] - The company is enhancing its risk management capabilities and optimizing its non-auto insurance structure [9] - CPIC has initiated three major strategies: "Great Health and Elderly Care," "AI+," and internationalization, to drive high-quality development [10][11]