Ping An de Chine : atteindre un bénéfice net attribuable à la société mère de 1347,78 milliards de yuans d'ici 2025, en hausse de 6,5 % par rapport à l'année précédente

March 26, China Ping An released its 2025 performance announcement.
In 2025, the operating profit attributable to the parent company’s shareholders was 134.415 billion yuan, an increase of 10.3% year-on-year;
the net profit attributable to the parent company’s shareholders was 134.778 billion yuan, an increase of 6.5% year-on-year;
the net profit attributable to the parent company’s shareholders after deductibles was 143.773 billion yuan, an increase of 22.5% year-on-year;
operating revenue was 1,140.324 billion yuan, basically stable;
the equity attributable to the parent company’s shareholders broke through one trillion for the first time, reaching 1,000.419 billion yuan, an increase of 7.7% compared to the beginning of the year.

The total cash dividend has increased for 14 consecutive years.
A cash dividend of 1.75 yuan per share is proposed for the end of 2025;
the total cash dividend per share for the year is 2.70 yuan, an increase of 5.9% year-on-year;
the total cash dividend is 48.891 billion yuan, with a cash dividend ratio based on the operating profit attributable to the parent company of 36.4%.

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

The scale of property insurance business continued to grow, and operational quality steadily improved.
The original insurance premium income was 343.168 billion yuan, an increase of 6.6% year-on-year;
insurance service income was 338.912 billion yuan, an increase of 3.3% year-on-year;
the overall comprehensive cost ratio was 96.8%, optimized by 1.5 percentage points year-on-year,
continuing to maintain good profitability;
the comprehensive cost ratio for auto insurance was 95.8%, optimized by 2.3 percentage points year-on-year,
continuing to outperform the market average;
the net cash inflow from operating activities increased by 48.3% year-on-year,
and liquidity levels significantly improved, driven by premium cash flows,
with the investment scale (excluding sold repurchased financial assets) increasing by 12.1% compared to the beginning of the year.

The investment performance of insurance funds is excellent.
The scale of the insurance fund investment portfolio was 6.49 trillion yuan, an increase of 13.2% compared to the beginning of the year;
the comprehensive investment yield was 6.3%, up 0.5 percentage points year-on-year;
the average net investment yield over the past 10 years was 4.8%,
and the average comprehensive investment yield over the past 10 years was 4.9%, exceeding the long-term investment return assumptions of embedded value.

(China Ping An)

(Edited by: Qian Xiaorui)

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