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# Ping An Posts 10.3% Rise in 2025 Operating Profit
- URL: https://www.theglobalbanker.com/ping-an-china-posts-10-3-profit-surge-in-2025/
- Published: 2026-03-26T21:32:41.000Z
- Updated: 2026-10-02T10:08:37.000Z
- Description: Ping An Insurance (Group) of China reported a 10.3% year-on-year rise in operating profit after tax to RMB134.4 billion for 2025, with shareholder equity topping RMB1 trillion for the first time. Strong life insurance growth and improved P&C underwriting while Ping An Bank's net profit fell 4.2%.
- Author: TGB Editorial Team
- Tags: Banking News, Asia-Pacific

Ping An Insurance (Group) Company of China Ltd., one of the nation's largest financial conglomerates, delivered robust 2025 results, with operating profit after tax attributable to shareholders climbing 10.3% year-on-year to RMB134,415 million. For the first time, equity attributable to shareholders surpassed RMB1 trillion, reaching RMB1,000,419 million, up 7.7% from the start of the year. 

The group's core businesses span life and health insurance, property and casualty (P&C) insurance, banking and asset management. Net profit excluding non-recurring gains and losses jumped 22.5% to RMB143,773 million. Ping An plans a final dividend of RMB1.75 per share, taking the 2025 cash dividend to RMB2.70 per share (up 5.9%) and total cash dividends to RMB48,891 million, the 14th consecutive annual increase. The company said it delivered results "characterized by positive trends, high-value growth, strategic advancement, and service innovation."

#### LIFE & HEALTH FUELS EXPANSION

Ping An's life and health insurance business emerged as the standout performer, posting a 29.3% surge in new business value (NBV) to RMB36,897 million. The NBV margin expanded impressively by 5.8 percentage points to 28.5%, as agency channel NBV rose 10.4% and bancassurance NBV surged 138.0%.

Ping An said 18.3 million Ping An Life customers used its health and senior care services in 2025\. Its insurance funds investment portfolio expanded 13.2% to RMB6.49 trillion by year-end, delivering a comprehensive investment yield of 6.3%. 

#### P&C UNDERWRITING STRENGTHENS

In property and casualty insurance, Ping An achieved steady revenue growth of 3.3% to RMB338,912 million, with premium income rising 6.6% year-on-year to RMB343,168 million. The overall combined operating ratio (COR) improved 1.5 percentage points to 96.8%. The auto insurance COR improved by 2.3 percentage points to 95.8%.

The company said Ping An P&C "maintained steady business growth and quality." 

#### BANKING HOLDS FIRM

Ping An Bank, the group's banking arm, delivered steady operations with net profit of RMB42,633 million. Ping An Bank's net profit fell 4.2% year on year; its non-performing loan ratio was 1.05% and its core tier 1 capital adequacy ratio rose to 9.36%. Ping An holds an MSCI ESG rating of AAA, which it said ranks it first in the multi-line insurance and brokerage industry in Asia-Pacific for the fourth consecutive year.