Ping An's operating profit returns to double-digit growth, outperforming market expectations

On March 26, Ping An Insurance of China announced its full-year performance for 2025, showing overall positive business operations. Operating profit returned to double-digit growth, with operating profit attributable to shareholders of the parent company reaching 134.415 billion yuan, an increase of 10.3% year-on-year, better than market expectations. The net profit attributable to shareholders of the parent company, excluding non-recurring items, was 143.773 billion yuan, an increase of 22.5% year-on-year. Equity attributable to shareholders of the parent company grew rapidly, surpassing one trillion yuan for the first time, reaching 1,000.419 billion yuan, up 7.7% since the beginning of the year. A proposed final dividend for 2025 of 1.75 yuan per share in cash; the total annual dividend of 2.70 yuan per share in cash, an increase of 5.9% year-on-year; total cash dividends amounting to 48.891 billion yuan, maintaining an increase for 14 consecutive years. The investment performance of insurance funds was excellent, with a comprehensive investment return rate of 6.3%.

The life insurance and health insurance businesses maintained a high growth momentum, with new business value reaching 36.897 billion yuan, an increase of 29.3% year-on-year, achieving double-digit growth for three consecutive years. New business value through the agent channel increased by 10.4% year-on-year, while per capita new business value grew by 17.2% year-on-year; new business value through the bancassurance channel saw a significant year-on-year increase of 138.0%.