ZhongAn Online reports strong profit growth, underwriting improvement in first half 2025

ZhongAn Online P&C Insurance Co., Ltd. announced a net profit of RMB668m for the first half of 2025, a significant increase of 1,103.5% year-on-year from RMB55m in the prior period. The company's underwriting combined ratio improved to 95.6%, a 2.3 percentage point improvement, with an underwriting profit of RMB656m, up 109.1%. Insurance revenue reached RMB15,041m.

The strong performance was supported by a notable turnaround in ZA Bank, its digital banking subsidiary, which recorded a net profit of HK$49m. This marks a historical breakthrough, with net revenue growing 82.1% year-on-year to approximately HK$457m. The technology segment also saw a significant reduction in net loss, improving by 32.2% to RMB55.99m.

Overall, the Group’s total investment assets stood at approximately RMB37,069m as of June 30, 2025, with total investment income reaching RMB639m, a 3.1% increase from the prior year. The overall net investment yield was approximately 2.1%. The company's comprehensive solvency margin ratio remained sufficient at 225.6%.