Ping An of China's parent company operating profit increased by 10.3% year-on-year

China Economic Journal reporter Chen Jingjing reports from Beijing

On the evening of March 26, 2026, China Ping An (601318.SH, 2318.HK) released its 2025 performance report.

The performance report shows that in 2025, China Ping An achieved operating revenue of 1,050.506 billion yuan, a year-on-year increase of 2.1%; operating profit attributable to shareholders of the parent company was 134.415 billion yuan, a year-on-year increase of 10.3%; and the net profit attributable to shareholders of the parent company after deducting non-recurring items was 143.773 billion yuan, a year-on-year increase of 22.5%.

As of the end of 2025, the investment portfolio of China Ping An’s insurance funds reached 6.49 trillion yuan, which is a 13.2% increase from the beginning of the year. In 2025, the comprehensive investment return rate of the insurance fund investment portfolio was 6.3%, up 0.5 percentage points year-on-year.

By business segment, in 2025, the new business value of life insurance and health insurance was 36.897 billion yuan, a year-on-year increase of 29.3%; the new business value rate (based on standard premiums) was 28.5%, an increase of 5.8 percentage points year-on-year. The new business value of the agent channel grew by 10.4% year-on-year, and the per capita new business value increased by 17.2% year-on-year; the new business value of the bancassurance channel increased by 138.0% year-on-year; the contribution of bancassurance channels, community financial services, and others to the new business value of Ping An Life Insurance increased by 12.1 percentage points year-on-year.

In terms of property insurance, the original insurance premium income reached 343.168 billion yuan, a year-on-year increase of 6.6%; insurance service income was 338.912 billion yuan, a year-on-year increase of 3.3%; the overall comprehensive cost ratio was 96.8%, optimized by 1.5 percentage points year-on-year.

The performance report indicates that China Ping An has a 100% cooperation coverage rate with top 100 hospitals and tertiary hospitals in the country; AI + human doctor coverage reaches 100% for individual clients; one-click code payment service covers 77,000 pharmacies nationwide; over 240,000 clients have qualified for home care services; and the Ping An Zhenyi Nian high-quality health and wellness community project has been launched in five cities, including Shanghai Yinian City · Jing’an No. 8, which is already operational, and Shenzhen Yinian City · Futian, which has entered trial operation.

Regarding the work plan for 2026, China Ping An Chairman Ma Mingzhe stated in the performance report speech that 2026 is the starting year of the “14th Five-Year Plan,” and the supporting conditions and basic trends for China’s long-term economic improvement remain unchanged. As the financial industry returns to its essence and moves towards high-quality development, the demand for residential health, medical, and elderly care services will gradually increase, and the “comprehensive finance + medical elderly care” service system will usher in a new spring.

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

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