Chinese insurer Ping An achieved solid growth with continued improvement in business quality within its property & casualty (P&C) segment in the first nine months of 2025, reporting insurance revenue of RMB253,444 million, up 3% year on year.
Ping An P&C’s premium income increased 7.1% to RMB256,247 million in 9M 2025. Premium income from auto and non-auto insurance reached RMB166,116 million and RMB90,131 million respectively, up 3.5% and 14.3% year on year.
The overall combined ratio improved by 0.8 percentage points to 97.0%, while operating profit climbed 8.3% year on year to RMB15,143 million.
Ping An’s Life & Health (L&H) business sustained growth through high-quality multi-channel development. In 9M 2025, L&H’s new business value (NBV) rose 46.2% to RMB35,724 million, while NBV margin based on annualised new premium increased 9.0 percentage points year on year.
Group wide, Ping An reported an operating profit attributable to shareholders of RMB116,264 million, up 7.2%, a net profit of RMB132,856 million, up 11.5%, and total revenue of RMB901,668 million, up 4.6%.
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