China Pacific Insurance (Group) Co., Ltd. (CPIC, stock code: 02601) published its unaudited results for the third quarter of 2025. Operating income for the first nine months reached RMB344.90 billion, reflecting an 11.1% increase year-on-year. Net profit attributable to shareholders of the parent totaled RMB45.70 billion, up 19.3% from the same period in 2024.

During the reporting period, CPIC Life recorded RMB263.86 billion in written premiums, rising 14.2% year-on-year. New business value rose 7.7% from the previous year, driven primarily by product mix optimization and increased agency productivity. CPIC P/C, on the other hand, concluded the first three quarters with RMB160.21 billion in primary premium income, nearly unchanged from the same period last year, yet it achieved a stable underwriting combined ratio of 97.6%.

Group investment assets stood at RMB2,974.78 billion as of the end of September, marking an 8.8% increase from the end of 2024. Net investment yield was 2.6%, while total investment yield improved to 5.2%. These results followed the group’s strategy of maintaining a consistent asset allocation while flexibly managing equity positions in response to market fluctuations.

Over the first three quarters, CPIC continued to enhance service capabilities in the areas of customer resource management, product portfolios, and technology-driven operations. The group highlighted steady premium growth, stable agency headcount, and improvements in core agent productivity as key contributors to its performance.