Ping An posts strong nine-month performance across integrated finance

Ping An reported a 7.2% year-on-year increase in operating profit attributable to shareholders of the parent company, reaching RMB116,264m in the first nine months of 2025. Net profit attributable to shareholders surged 11.5% to RMB132,856m, with a notable 45.4% rise in the third quarter alone. Revenue for the period increased 4.6% to RMB901,668m, while shareholders' equity grew 6.2% year-to-date to RMB986,406m.

The Life & Health (L&H) segment's new business value (NBV) soared 46.2% year-on-year to RMB35,724m, with a 9.0 pps rise in NBV margin. The Property & Casualty (P&C) business saw premium income grow 7.1% to RMB256,247m, improving its combined ratio (COR) by 0.8 pps to 97.0%. Ping An Bank's net profit was RMB38,339m, with a non-performing loan ratio of 1.05%.

The Group’s retail customer base expanded by 2.9% year-to-date to nearly 250 million, and customers holding four or more contracts maintained a high retention rate of 97.5%. Ping An's insurance funds investment portfolio achieved an unannualized comprehensive investment yield of 5.4%, up 1.0 pps year-on-year. The company's core and comprehensive solvency ratios remained healthy, well above regulatory minimums.