China Pacific Insurance's net profit attributable to the parent company is expected to grow by 19% year-on-year in 2025.

Zhongjing journalist Chen Jingjing reports from Beijing

On the evening of March 26, 2026, China Pacific Insurance (601601.SH) announced its performance results for the entire year of 2025.

The performance report shows that in 2025, China Pacific Insurance achieved total operating revenue of 435.156 billion yuan, a year-on-year increase of 7.7%; net profit attributable to shareholders was 53.505 billion yuan, up 19% year-on-year.

From a business perspective, in 2025, Pacific Life Insurance’s new business value was 18.609 billion yuan, a year-on-year increase of 40.1%; the new business value rate was 19.8%, an increase of 3.2 percentage points year-on-year; scale premium income was 295.855 billion yuan, up 12.7% year-on-year; net profit was 42.165 billion yuan, a year-on-year increase of 17.7%. Among these, the scale premium income of new regular premium for participating insurance significantly increased year-on-year, with the proportion of participating insurance in new regular premium rising to 50%.

In terms of property insurance, in 2025, Pacific Property Insurance achieved original insurance premium income of 201.499 billion yuan, a year-on-year increase of 0.1%; insurance service income was 197.191 billion yuan, up 3% year-on-year; underwriting profit was 4.836 billion yuan, a year-on-year increase of 81%. During the same period, the comprehensive cost ratio for underwriting was 97.5%, a decrease of 1.1 percentage points year-on-year, with a comprehensive loss ratio of 70.4%, down 0.4 percentage points year-on-year; the comprehensive expense ratio for underwriting was 27.1%, down 0.7 percentage points year-on-year.

Notably, in terms of auto insurance, the original insurance premium income for auto insurance was 110.511 billion yuan, a year-on-year increase of 3%, with the share of household vehicle business increasing by 0.6 percentage points year-on-year. In 2025, the original insurance premium income for new energy vehicle insurance from Pacific Property Insurance was 25.017 billion yuan, accounting for 22.6% of auto insurance premiums. The comprehensive cost ratio for auto insurance underwriting was 95.6%, a decrease of 2.6 percentage points year-on-year.

It is important to note that the original insurance premium income for personal credit guarantee insurance was -1.691 billion yuan, a reduction of 5.521 billion yuan from the previous year, significantly narrowing the risk exposure. The overall comprehensive cost ratio for non-auto insurance was 99.9%, an increase of 0.8 percentage points year-on-year. In response, China Pacific Insurance stated that the company has proactively reduced high-risk, low-efficiency business. Excluding the impact of personal credit guarantee insurance, the comprehensive cost ratio for non-auto insurance was 97.0%, a year-on-year decrease of 2.1 percentage points.

China Pacific Insurance Chairman Fu Fan stated in the annual report’s address: “Facing the ‘14th Five-Year Plan’, China Pacific Insurance has established the vision to build a ‘first-class insurance financial service group with market leadership and international competitiveness’. We will solidify our business fundamentals and promote breakthroughs in three strategic transformations: health and wellness, internationalization, and ‘artificial intelligence +’, to forge long-term competitiveness.”

(Editor: Li Hui Review: He Shasha Proofreading: Yan Jingning)

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