PICC Group reports strong first quarter performance, shareholder meeting results

The People's Insurance Company (Group) of China Limited (PICC Group, HKEX:1339) announced robust financial results for the first quarter of 2025 alongside the poll results from its extraordinary general meeting (EGM). Net profit attributable to owners surged 43.4% year-over-year to RMB12.849 billion, contributing to basic and diluted earnings per share of RMB0.29, up 43.4% and 43.3%, respectively. Insurance revenue grew 7.9% to RMB136.111 billion, reflecting improvements in business quality and underwriting performance. The Group’s weighted average return on equity increased by 1.0 percentage point to 4.7%. Total assets reached RMB1,800.490 billion, with equity attributable to owners at RMB279.346 billion.