The People's Insurance Company (Group) of China (1339) Q1 2025 earnings summary

Executive summary

• Total operating income for Q1 2025 reached RMB156,589 million, up 12.8% year-over-year.

• Net profit attributable to owners rose 43.4% year-over-year to RMB12,849 million.

• The group focused on optimizing insurance business structure, improving asset allocation, and enhancing investment performance.

Financial highlights

• Net profit attributable to owners after non-recurring items: RMB12,815 million, up 43.5% year-over-year.

• Basic and diluted EPS both increased 43.4% to RMB0.29.

• Weighted average ROE improved by 1.0 percentage point to 4.7%.

• Net cash flows from operating activities rose 10.2% to RMB36,549 million.

• Total assets as of March 31, 2025: RMB1,800,490 million, up 1.9% from year-end 2024.

Outlook and guidance

• The group aims to build a world-class insurance financial group, promoting reform, innovation, and high-quality development.

• Continued focus on capital capacity, asset allocation, and risk management in a complex external environment.