People's Insurance Group reports strong H1 2025 growth, increased dividend

The People's Insurance Group reported a net profit of RMB36,155 million for the first half of 2025, a 14.8% year-on-year increase. Net profit attributable to owners of the company rose 14.0% to RMB26,671 million. Total operating income reached RMB324,122 million, an increase of 10.9% from the previous year. The board proposed an interim cash dividend of RMB0.75 per 10 shares, representing a 19.0% year-on-year increase.

The Group's total assets grew by 6.3% from the end of 2024 to RMB1,878,102 million, with investment assets exceeding RMB1.7 trillion, up 7.2%. Total investment income surged by 40.2% to RMB40,758 million, achieving an annualized total investment yield of 5.0%, a 0.9 percentage point increase. PICC P&C maintained market leadership with a 33.5% share in the P&C insurance sector and an underwriting profit of RMB13,015 million. PICC Life’s value of new business increased by 71.7% on a like-for-like basis.

The Group continued to prioritize national strategies, providing RMB1,780 trillion in risk protection, an increase of 6.9%. Investments in "Five Priorities" on finance amounted to RMB264.9 billion, growing by 12.4%.