Ping An's Q1 2025 net profit declines amid solid operations

Ping An Insurance Group Company of China (SSE:601318) announced its first quarter results for 2025, revealing a net profit attributable to shareholders of the parent company of CNY 27.016 billion, a 26.4% decrease year-over-year. Despite the profit decline, the company demonstrated resilience with operating profit attributable to shareholders of the parent company rising 2.4% to CNY 37.907 billion. The company’s insurance operations saw new business value for the life and health insurance sectors grow by 34.9% to CNY 12.891 billion, while the property and casualty insurance business saw insurance service income grow 0.7% to CNY 81.153 billion.