PICC Property & Casualty Reports 5.6% Increase in Insurance Revenue, 44.6% Rise in Underwriting Profit for H1 2025
Reuters
Sep 04
PICC Property & Casualty Reports 5.6% Increase in Insurance Revenue, 44.6% Rise in Underwriting Profit for H1 2025
PICC Property & Casualty Co. Ltd. reported its financial results for the first half of 2025, highlighting a 3.6% increase in original insurance premium income, reaching RMB 323.282 billion compared to RMB 311.996 billion in the same period last year. The company also reported a significant rise in underwriting profit, which surged by 44.6% to RMB 13.015 billion from RMB 8.999 billion in the previous year. Net profit for the period climbed to RMB 24.455 billion, showcasing the company's robust performance. The total investment income amounted to RMB 17.260 billion, with an unannualized total investment yield of 2.6%. The comprehensive solvency margin ratio stood at 235.4%, while the core solvency margin ratio was reported at 213.2%. Additionally, PICC Property & Casualty Co. Ltd. proposed an interim dividend per share of RMB 0.24, marking a year-on-year increase of 15.4%. The company focused on strategic priorities such as technology finance, green finance, and digital finance, aligning its operations to support high-quality development and serve the Chinese economy effectively.
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