Ping An Insurance (Group) Company of China, Ltd. maintained steady growth and strong performance in its property & casualty (P&C) segment for the year ended December 31, 2025, with insurance revenue rising 3.3% year on year to RMB338,912 million.
In 2025, Ping An P&C’s premium income increased 6.6% year on year to RMB343,168 million.
The overall combined ratio improved by 1.5 percentage points to 96.8%, while the auto insurance combined ratio improved 2.3 percentage points to 95.8%.
Ping An’s Life & Health business also saw sustained business growth, with new business value (NBV) rising 29.3% to RMB36,897 million, and NBV margin increasing 5.8 percentage points to 28.5%.
Group wide, Ping An reported operating profit after tax attributable to shareholders of RMB134,415 million, up 10.3% year on year.
Net profit, excluding non-recurring gains and losses, totalled RMB143,773 million, a 22.5% increase compared to 2024.
Equity attributable to shareholders exceeded RMB1 trillion for the first time, reaching RMB1,000,419 million, up 7.7% from the beginning of 2025.
Meanwhile, Ping An’s insurance funds investment portfolio grew 13.2% from the beginning of 2025 to RMB6.49 trillion as of December 31, 2025.
