Core Insights - China Pacific Insurance (CPIC) reported a mid-year revenue of CNY 200.5 billion, a year-on-year increase of 3.0% [1] - The net profit attributable to shareholders reached CNY 27.9 billion, up 11.0% year-on-year [1] - The operating profit attributable to shareholders was CNY 19.9 billion, reflecting a 7.1% increase year-on-year [1] Financial Performance - The embedded value of CPIC stood at CNY 588.9 billion, growing 4.7% from the end of the previous year [1] - Total managed assets increased to CNY 3,772.9 billion, a 6.5% rise from the end of last year [1] - In the first half of 2025, the scale premium reached CNY 193.5 billion, marking a 13.1% year-on-year growth [1] New Business Development - The new business value was CNY 9.5 billion, up 5.6% year-on-year, with a comparable growth of 32.3% [1] - The new business value rate was 15.0%, an increase of 0.4 percentage points on a comparable basis [1] Health Insurance Sector - The health insurance business of CPIC maintained rapid growth, with service and health management fee income reaching CNY 1.7 billion, a 39.3% increase year-on-year [1] - The net profit from health insurance was CNY 39 million [1] Property and Casualty Insurance - CPIC's property and casualty insurance segment achieved original insurance premium income of CNY 112.8 billion, a 0.9% increase year-on-year [2] - The underwriting profit was CNY 3.6 billion, reflecting a 30.9% increase year-on-year [2] - The combined ratio was 96.3%, a decrease of 0.8 percentage points year-on-year [2] Agricultural Insurance - The agricultural insurance segment reported original insurance premium income of CNY 1.2 billion, a 1.1% increase year-on-year, with agricultural insurance premiums at CNY 900 million, up 7.7% [2] - The net profit for agricultural insurance was CNY 99 million, a 39.4% increase year-on-year [2] International Operations - CPIC Hong Kong's total assets reached CNY 1.4 billion, with net assets of CNY 384 million [2] - The original insurance premium income from CPIC Hong Kong was CNY 187 million, a 6.9% increase year-on-year [2]

Core Insights - China Pacific Insurance (CPIC) reported its mid-year performance for 2025, showing significant growth in various financial metrics [1] Group 1: Financial Performance - CPIC's life insurance premium income for the first half of 2025 reached 193.47 billion yuan, representing a year-on-year increase of 13.1% [1] - The embedded value increased to 445.02 billion yuan, up 5.3% from the end of the previous year [1] - New business value amounted to 9.544 billion yuan, with a year-on-year growth of 5.6%, and a comparable growth rate of 32.3% [1] - The new business value margin was 15.0%, which is an increase of 0.4 percentage points on a comparable basis [1] - Net profit for the period was 20.699 billion yuan, reflecting a year-on-year increase of 3.2% [1]