China insurers grow assets 15.1% to $6.2t in Q4 2025

Insurance companies and asset managers held RMB41.3t at end 2025.

China’s insurance sector continued to expand in 2025, with total assets of insurance companies and insurance asset management firms reaching $6.2t (RMB41.3t) at the end of the fourth quarter of 2025 (Q4 2025), up 15.1% year-on-year (YoY). 

Personal insurance companies held the largest share of assets at $5.5t (RMB36.4t), marking a 15.4% YoY increase. 

Property and casualty insurers recorded assets of $465b (RMB3.1t), up 7.5% YoY, whilst reinsurance companies posted assets of $128.6b (RMB857.3b), up 3.5% YoY. 

Insurance asset management companies reported assets of $21.8b (RMB145.6b), an increase of 14% YoY.

Insurance business activity also grew during the year. Primary insurance premium income reached $915b (RMB6.1t) in 2025, up 7.4% YoY. 

Insurance claim and benefit payments totalled $360b (RMB2.4t), rising 6.2% YoY. 

The number of new insurance policies written increased by 12.6% YoY to 116.8 billion policies, reflecting continued demand across the sector.

($1.00 = RMB6.78)