The People’s Insurance Company (Group) of China Limited (PICC, Stock Code: 1339) published its third quarter 2025 report, revealing steady business expansion and notable improvements in net profit. From January to September 2025, total operating income reached RMB520,990 million, up 10.9% year on year. Net profit attributable to owners of the parent hit RMB46,822 million, marking a 28.9% increase year on year.

During the reporting period, PICC P&C recorded insurance revenue of RMB385,921 million, rising 5.9% year on year. Underwriting profits grew to RMB14,865 million, up 130.7% year on year, and net profit for this segment advanced 50.5%. PICC Life posted insurance revenue of RMB19,786 million, an 18.2% increase, with new business value rising by 76.6% on a like-for-like basis. PICC Health registered a 12.9% jump in insurance revenue at RMB23,238 million, while net profit expanded by 41.0%.

In terms of investments, overall performance improved significantly, with total investment income reaching RMB86,250 million, up 35.3% year on year. By 30 September 2025, PICC’s total assets stood at RMB1,943,027 million, growing 10.0% from the end of 2024, while equity attributable to owners of the parent climbed 16.9% to RMB314,071 million.