Core Viewpoint - China Pacific Insurance (CPIC) reported robust growth in its operating performance for the first half of 2025, achieving multiple historical highs in key performance indicators, reflecting its strengthened comprehensive strength [1]. Group Overview - The group achieved a consolidated net profit of 35.9 billion yuan, a record high for the same period; total assets reached 389.5 billion yuan, also a record; the comprehensive cost ratio for property insurance was 95.3%, the best level in nearly a decade; new business value for life insurance was 8.8 billion yuan, a historical high; total investment income was 41.5 billion yuan, marking a historical peak [5][4][10]. Property Insurance Performance - In the first half of 2025, CPIC's property insurance segment reported original insurance premium income of 32.33 billion yuan, a year-on-year increase of 3.6%, maintaining a market share of 33.5%; insurance service income was 249 billion yuan, up 5.6%; net profit reached 23.5 billion yuan, a 34.4% increase [9][10]. - The comprehensive cost ratio improved to 95.3%, down 1.5 percentage points year-on-year, achieving the lowest level in nearly a decade; underwriting profit was 11.7 billion yuan, up 53.5% [12]. Auto Insurance Insights - The auto insurance business maintained steady growth, with original premium income of 14.41 billion yuan, a 3.4% increase; the comprehensive cost ratio for auto insurance was 94.2%, down 2.2 percentage points, leading to an underwriting profit of 8.7 billion yuan, a 67.7% increase [15][13]. Non-Auto Insurance Growth - Non-auto insurance business saw original premium income of 179.2 billion yuan, a 3.8% increase; the comprehensive cost ratio was 97.0%, down 0.3 percentage points, with underwriting profit of 3 billion yuan, up 23.0% [17][19]. Life Insurance Performance - CPIC's life insurance segment achieved insurance service income of 14 billion yuan, a 32.5% increase; original premium income was 90.5 billion yuan, up 14.5%, with a significant improvement in business structure [22]. - New business value reached 5 billion yuan, a year-on-year increase of 71.7%, indicating a positive trend in business quality [23]. Health Insurance Developments - The health insurance segment reported premium income of 40.7 billion yuan, a 12.2% increase; new business value was 3.8 billion yuan, up 51.0%, reflecting significant value creation [28][29]. Investment Performance - As of June 30, 2025, CPIC's investment scale reached 1.76 trillion yuan, a 7.2% increase; total investment income was 41.5 billion yuan, up 42.7%, with a total investment return rate of 5.1%, an increase of 1.0 percentage points [35][36]. Future Outlook - In the second half of 2025, CPIC aims to focus on high-quality development, enhancing service capabilities, maintaining operational momentum, and ensuring risk control to achieve its annual goals [39].