PICC Property and Casualty proposes interim dividend after strong half-year

PICC Property and Casualty Company Limited reported a net profit of RMB24,455 million for the six months ended June 30, 2025, marking a 32.3% increase from the previous year. This performance was driven by a 3.6% rise in original insurance premium income to RMB323,282 million and a 44.6% increase in underwriting profit to RMB13,015 million, reflecting a year-on-year decrease of 1.4 percentage points in the combined ratio to 94.8%. Total assets grew by 3.4% to RMB804,605 million, and total equity increased by 7.8% to RMB281,061 million compared to the beginning of 2025.

Following these strong results, the board of directors proposed an interim cash dividend of RMB0.24 per ordinary share for 2025, totaling RMB5,338 million, subject to shareholder approval at a general meeting. This proposal reflects the company’s improved financial position and commitment to shareholder returns.

The company's investment income also saw a substantial increase of 26.6% year-on-year, reaching RMB17,260 million, with a total investment yield of 2.6% (unannualized). The comprehensive solvency margin ratio stood at 235.4%, indicating a healthy capital position.