<a href="https://laohu8.com/S/01339">PICC</a> Group Q3 insurance revenue rises 6.8% to RMB431.3 billion, net profit up 28.9%
PICC - The People's Insurance Company (Group) of China Ltd. reported insurance revenue of RMB431.3 billion for the first three quarters of 2025, representing a 6.8% increase compared to the same period last year. Net profit attributable to owners of the company reached RMB46.8 billion, up 28.9% period-on-period. As of September 30, 2025, total equity stood at RMB427.8 billion, an increase of 16.5% from the end of the previous year, while net assets per share attributable to owners was RMB7.10, up 16.9%. PICC Property and Casualty Company Limited (PICC P&C) achieved insurance revenue of RMB385.9 billion in the reporting period, a 5.9% increase year-on-year. PICC Life reported new business value growth of 76.6% on a like-for-like basis, with first-year business of long-term insurance at RMB51.7 billion, up 24.9%. Single premiums rose 12.1% to RMB19.1 billion, first-year regular premiums increased 33.8% to RMB32.6 billion, and renewal business grew 18.7% to RMB62.2 billion.
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