PICC Property & Casualty reports strong nine-month results, declares interim dividend

PICC Property and Casualty Company Limited reported unaudited net profit of RMB40,267.743 million for the nine months ended 30 September 2025, a 50.5% year-on-year increase. The company achieved insurance revenue of RMB385,921 million, up 5.9%, and original insurance premium income of RMB443,182 million, a 3.5% increase. Underwriting profit reached RMB14,865 million, an increase of 130.7%, with a combined ratio of 96.1%. Total investment income rose 33.0% to RMB35,900 million, resulting in a total investment yield of 5.4%.

The company also reported a comprehensive solvency margin ratio of 243.7% and a core solvency margin ratio of 222.4% as of 30 September 2025, reflecting increases of 11.1 pp and 11.4 pp respectively from 31 December 2024. These figures indicate a strong capital position.

Shareholders approved an interim dividend of RMB0.24 per share for the six months ended 30 June 2025. H Shares will receive HK$0.263048 per share. The dividend is expected to be paid on 12 December 2025. The register of members will close from 6 November 2025 to 11 November 2025 to determine entitlements.