Ping An Insurance Group Reports Remarkable Growth in Operating Profit and NBV for 2025

Ping An Insurance Group's Exceptional Performance in 2025

Recently, Ping An Insurance (Group) Company of China, Ltd., commonly referred to as Ping An, released its financial results for the first nine months of 2025, showcasing a remarkable performance amid challenging market circumstances. The company witnessed a significant increase in operating profits, alongside a robust growth in its Life & Health segment's new business value (NBV).

Overview of Financial Performance

For the nine months ending on September 30, 2025, Ping An reported that operating profit attributable to shareholders surged by 7.2% year-on-year to RMB116,264 million. Notably, in the third quarter alone, this figure grew by 15.2%, demonstrating the company's ability to adapt and thrive in a diverse economic landscape. Despite facing one-off financial treatments related to certain transactions, the overall net profit attributable to shareholders reached RMB132,856 million; a notable 11.5% increase year-on-year, with a striking 45.4% rise in the third quarter.

This impressive growth story is complemented by the company’s equity attributable to shareholders, which reached RMB986,406 million as of September 30, representing a 6.2% increase, suggesting strong balance sheet resilience and sustained profit capabilities.

Growth Highlights in Life & Health

A standout achievement in this financial report is the Life & Health division's impressive performance, with its new business value growing by an astonishing 46.2% year-on-year, totaling RMB35,724 million. The increase in NBV per agent was also noteworthy, climbing 29.9%. The company's diverse distribution channels, especially bancassurance, saw astounding growth with NBV surging 170.9% year-on-year. This can be attributed to Ping An's strategic focus on enhancing their sales force and product offerings across multiple channels, ensuring that the needs of their customers are met.

Innovative Products and Services

Ping An has been relentless in its efforts to innovate. The company successfully launched several flagship products aimed at wealth management and health protection. Furthermore, it introduced a new annuity product and upgraded its existing medical insurance offerings to cater to a wider range of customer needs. This forward-thinking approach has allowed them to provide health management services to over 16 million customers in the first nine months of 2025, highlighting the successful integration of financial services with healthcare initiatives.

Consistency in Operational Quality

In the Property and Casualty (PC) segment, Ping An achieved a premium income increase of 7.1%, amounting to RMB256,247 million. The improved overall combined ratio stands at 97.0%, indicating enhanced operational efficiency. Such figures underscore the company’s commitment to maintaining high standards of service and support for their clients, as Ping An continues to build an integrated service model that combines insurance with robust customer support systems.

Investment Performance and Strategy

The company has adopted long-term investment philosophies to maximize returns on its insurance fund investments. The comprehensive portfolio investment yield was recorded at 5.4%, marking a significant 1.0 percentage point increase year-on-year. Through proactive asset management, Ping An has seen its investment portfolio grow substantially, even as they maintained a robust diversification strategy focusing on equities and alternative investments.

The Road Ahead

As China prepares to embark on its 15th Five-Year Plan, Ping An is well-positioned to capitalize on new growth opportunities while maintaining its focus on core business areas. The emphasis will remain on customer-centric strategies and the continual enhancement of integrated finance services, particularly in health and senior care. Ping An’s commitment to utilizing cutting-edge artificial intelligence technologies will further streamline operations and improve customer experiences as they anticipate ongoing growth and stability in the future.

In conclusion, Ping An Insurance Group’s latest financial results not only reflect the company’s solid performance over the nine months of 2025 but also convey its potential for sustained growth amidst ever-evolving market conditions. With a focus on innovation, quality service, and a diversified investment strategy, Ping An is set to remain a significant player in the insurance and financial services market.