China Pacific Insurance (Group) Co., Ltd. (Stock Code: 02601) published the third-quarter 2025 Solvency Report of its subsidiary, Pacific Health Insurance Co., Ltd., covering solvency margins, liquidity risk, risk management, and key operating figures.
According to the report, as of September 30, 2025, Pacific Health Insurance Co., Ltd. recorded an actual capital of 4,751.5012 million yuan and a minimum capital of 2,230.8281 million yuan. Its core solvency margin ratio stood at 176%, and its comprehensive solvency margin ratio was reported at 213%. The report noted that the increases in both actual capital and minimum capital stemmed mainly from changes in business mix and fair value gains on certain investments.
For the first three quarters of 2025, total gross written premiums reached 7,069.4992 million yuan (unit: 10,000 yuan), while net profit for the reporting quarter was 18,787.92 in 10,000 yuan. By quarter-end, the company’s total assets amounted to 10,995.3966 million yuan, with an insurance contract liability balance of 5,967.2984 million yuan. In terms of liquidity, the net cash flow stood at -32,757.53 in 10,000 yuan during the third quarter, primarily attributed to the use of operating inflows in investment allocations.
The report highlighted that Pacific Health Insurance Co., Ltd. retained a Category II classification under the relevant solvency risk assessment standards, reflecting its business scale and scope. It also indicated that no major risk events occurred during the quarter and that the company continued to refine its risk management mechanisms. The most recent integrated risk rating showed a BBB rating for the second quarter, reflecting consistency with solvency requirements and a low level of operational, reputational, strategic, and liquidity risks.
In concluding, the document underscored the company’s continued adherence to regulatory rules and solvency measures, with ongoing efforts to enhance its risk management capabilities, reinforce its liquidity position, and maintain overall operational stability. Pacific Health Insurance Co., Ltd. remains focused on achieving high-quality growth within its established strategic framework.