China Pacific Insurance sees strong profit growth, increased AuM in H1 2025

China Pacific Insurance (Group) Co., Ltd. reported a net profit attributable to shareholders of 27.885 bn yuan for the first half of 2025, an 11.0% year-on-year increase. Operating income grew by 3.0% to 200.496 bn yuan, with insurance revenue up 3.5% to 141.824 bn yuan. Group embedded value reached 588.927 bn yuan, a 4.7% increase from the end of 2024. The Group’s total assets under management (AuM) rose by 6.5% to 3,772.961 bn yuan, with third-party AuM increasing by 5.0% to 848.233 bn yuan.

The life insurance business delivered a new business value (NBV) of 9.544 bn yuan, up 32.3% on a comparable basis, with an NBV margin of 15.0%. Written premiums for CPIC Life increased by 13.1% to 193.470 bn yuan. The property and casualty insurance business saw its underwriting combined ratio improve to 96.4%, a 0.7 percentage point reduction. Primary premium income for P/C business grew by 0.9% to 114.186 bn yuan.

The company enhanced its health and elderly care services, expanding "CPIC Home" retirement communities and opening a new rehabilitation hospital. Technological innovation played a key role, with AI models optimizing insurance processes and improving operational efficiency. Total investment income for the Group was 56.889 bn yuan, a 1.5% increase year-on-year, with a comprehensive investment yield of 2.4%.