Ping An reports steady 2025 first quarter results, NBV surges

Ping An Insurance (Group) Company of China reported a steady start to 2025, with operating profit attributable to shareholders increasing 2.4% year-on-year to RMB37.907 billion. The company's Life & Health business saw significant growth, with new business value (NBV) surging 34.9% to RMB12.891 billion and NBV margin growing to 32.0%. This growth was driven by enhanced multi-channel capabilities, with notable increases in NBV from the agent channel (11.5%), bancassurance channel (170.8%), and community finance channel (171.3%).