For the year ending December 31, 2025, Ping An Insurance (Group) Co., Ltd. of China’s property and casualty insurance business maintained stable growth and strong performance, with insurance revenue increasing by 3.3% year-on-year to RMB 338.912 billion.
In 2025, Ping An Property & Casualty’s premium income will be 343.168 billion yuan, a year-on-year increase of 6.6%.
The overall combined ratio increased by 1.5 percentage points to 96.8%, and the comprehensive ratio of auto insurance increased by 2.3 percentage points to 95.8%.
Ping An’s life and health business also achieved sustained growth, with new business value (NBV) increasing by 29.3% to RMB 36.897 billion, and new business profit margin increasing by 5.8 percentage points to 28.5%.
At the group level, Ping An reported after-tax operating profit attributable to shareholders of RMB 134.415 billion, a year-on-year increase of 10.3%.
Net profit excluding non-recurring gains and losses totaled RMB 143.773 billion, an increase of 22.5% from 2024.
Shareholders’ equity exceeded the trillion yuan mark for the first time, reaching 1,000.419 billion yuan, an increase of 7.7% from the beginning of 2025.
At the same time, as of December 31, 2025, Ping An’s insurance fund investment portfolio increased by 13.2% from the beginning of 2025 to RMB 6.49 trillion.
ReinsuranceNe.ws was the first to report that Ping An Property & Casualty’s revenue will grow 3.3% in 2025.