Ping An reports strong Q3 2025 with double-digit profit growth

Ping An reported a significant increase in its third-quarter 2025 results, with net profit attributable to shareholders rising by 45.4% year-on-year to RMB64,809 million. For the first nine months of 2025, net profit attributable to shareholders reached RMB132,856 million, an 11.5% increase, while operating profit attributable to shareholders grew by 7.2% to RMB116,264 million. Total revenue for the period reached RMB832,940 million, up 7.4% year-on-year. The company's overall investment return on insurance funds saw a non-annualized comprehensive investment yield of 5.4%, an increase of 1.0 percentage point compared to the previous year.

The company's integrated financial strategy showed steady progress, with individual customer numbers nearing 250 million, an increase of 2.9% from the beginning of the year. The average number of contracts per customer reached 2.94, up 0.7%. In the life and health insurance segment, new business value surged by 46.2% to RMB35,724 million. Property insurance also performed well, with primary insurance premium income growing by 7.1% to RMB256,247 million, and a combined expense ratio optimized to 97.0%, reflecting improved operational quality.

Ping An Bank maintained stable operations, with net profit of RMB38,339 million, and its non-performing loan ratio decreased by 0.01 percentage point to 1.05%. The core tier-one capital adequacy ratio improved by 0.40 percentage point to 9.52%, demonstrating strong risk absorption capacity. The solvency ratios of its insurance subsidiaries remained healthy and well above regulatory requirements.