In its unaudited results announcement for the nine months ended 30 September 2025, PICC Property and Casualty Company Limited (2328) recorded an insurance revenue of RMB385,921 million, marking a 5.9% year-on-year increase. Net profit totaled RMB40,268 million, up 50.5% compared to the same period in 2024.

Underwriting profit jumped by 130.7% year-on-year to RMB14,865 million, and the combined ratio declined by 2.1 percentage points to 96.1%. During the reporting period, motor vehicle insurance revenue reached RMB227,632 million, up 3.7% year-on-year, while non-motor vehicle insurance revenue reached RMB158,289 million, up 9.3% year-on-year. The company’s total investment income stood at RMB35,900 million, reflecting a 33.0% year-on-year growth and a total investment yield of 5.4%, an increase of 0.8 percentage points compared to the prior year.

As of 30 September 2025, the comprehensive solvency margin ratio was 243.7%, compared with 232.6% at the end of 2024, while the core solvency margin ratio rose to 222.4%. The company’s management highlighted steady business expansion and continued refinement of underwriting, cost control, and operational efficiency in achieving these results.