China Pacific Insurance posts strong Q3 2025 results, profits surge

China Pacific Insurance (Group) reported an operating income of 344,904 million yuan for the nine months ended 30 September 2025, an 11.1% increase year-on-year. Net profit attributable to shareholders of the parent reached 45,700 million yuan, up 19.3% from the same period in 2024. Profit before tax for the nine months also saw a substantial rise of 35.4% to 60,146 million yuan, attributed to capital market growth and improved insurance service performance.

The Group's total assets grew by 8.6% to 3,077,640 million yuan as of 30 September 2025, compared to 31 December 2024. Insurance revenue for the nine months increased by 3.6% to 216,894 million yuan, with CPIC Life contributing 63,980 million yuan (up 2.6%) and CPIC P/C contributing 150,806 million yuan (up 3.5%). CPIC P/C's underwriting combined ratio improved to 97.6%, down 1.0pt year-on-year.

Group investment assets stood at 2,974,784 million yuan, an 8.8% increase from the end of 2024. The total investment yield for the nine months was 5.2%, a 0.5pt increase from the previous year, while the net investment yield was 2.6%, down 0.3pt. Cash flows from operating activities significantly increased by 31.6% to 169,397 million yuan, driven by higher premiums from insurance contracts.