中国财险(02328)绩后涨超6%，截至发稿，涨6.37%，报19.38港元，成交额4804.82万港元。 消息面上，8月27日，中国财险发布截至2025年6月30日止6个月中期业绩，该集团取得原保险保费收入 人民币3232.82亿元(单位下同)，同比增加3.6%；保险服务收入2490.4亿元，同比增加5.6%；承保利润 130.15亿元，同比增加44.6%；净利润244.55亿元，同比增加32.3%。 2025年上半年实现承保利润130.15亿元，同比增长44.6%；综合成本率94.8%，同比下降1.4个百分点， 其中车险综合成本率94.2%，同比下降2.2个百分点，非车险综合成本率95.7%，同比下降0.1个百分点； 本公司及子公司坚持保险与投资双轮驱动，调整资产配置结构，提高资金长期运作能力，优化投资组合 风险收益特征，实现总投资收益172.60亿元，同比增长26.6%；净利润244.55亿元，同比增长32.3%；净 资产收益率(未年化)9.0%，同比上升1.3个百分点。 公告称，2025年上半年，本公司及子公司始终坚守保险保障本源，持续发挥核心主业作用，坚持把体制 机制创新作为重要驱动，有力塑造发展优 ...

Core Insights - China Pacific Insurance (02328) reported a total original insurance premium income of RMB 323.28 billion for the six months ending June 30, 2025, representing a year-on-year increase of 3.6% [1] - The company achieved insurance service income of RMB 249.04 billion, up 5.6% year-on-year [1] - Underwriting profit reached RMB 13.015 billion, marking a significant increase of 44.6% compared to the previous year [2] - Net profit for the period was RMB 24.455 billion, reflecting a year-on-year growth of 32.3% [2] Financial Performance - The company maintained a market share of 33.5% in China's property insurance market, showcasing its leading scale advantage [1] - The comprehensive cost ratio improved to 94.8%, a decrease of 1.4 percentage points year-on-year, with the auto insurance cost ratio at 94.2%, down 2.2 percentage points [2] - Non-auto insurance cost ratio stood at 95.7%, showing a slight decrease of 0.1 percentage points [2] Investment and Asset Management - Total investment income for the first half of 2025 was RMB 17.26 billion, an increase of 26.6% year-on-year [2] - The company’s total assets reached RMB 804.605 billion, growing by 3.4% since the beginning of the year, while net assets increased by 7.8% to RMB 281.061 billion [2] - The comprehensive solvency adequacy ratio improved to 235.4%, up 2.8 percentage points from the start of the year, and the core solvency adequacy ratio rose to 213.2%, an increase of 2.2 percentage points [2]