Ping An Insurance posts 11.5% profit rise in 9M 2025

Ping An’s total retail customers increased to nearly 250 million.

Ping An Insurance (Group) Company of China saw its net profit climb 11.5% year-on-year (YoY) to $18.6b (RMB132.9b) in the nine months to September of 2025. 

Revenue grew 4.6% YoY to $126.2b (RMB901.7b), and equity attributable to shareholders increased 6.2% year-to-date to $138.1b (RMB986.4b) as of September 30. 

The life and health insurance segment recorded a 46.2% YoY rise in new business value (NBV) to $5.0b (RMB35.7b), with the NBV margin improving by 9 percentage points. 

The agency channel’s NBV was up 23.3% YoY, whilst the bancassurance channel surged 170.9% YoY, contributing to 35.1% of total NBV alongside community finance and other distribution channels. 

Ping An Property & Casualty’s premium income grew 7.1% YoY to $35.9b (RMB256.2b), with its combined ratio improving by 0.8 percentage points to 97%.

Ping An’s total retail customers increased 2.9% year-to-date to nearly 250 million, with 97.5% of customers holding four or more products remaining with the group. 

Under its health and senior care strategy, Ping An has partnered with all of China’s top 100 hospitals and 3A hospitals. 

Around 240,000 customers are now receiving home-based senior care services across 85 cities, and premium senior care communities have opened in five cities.

($1.00 = RMB7.10)