The People's Insurance Company (Group) of China (1339) Q3 2025 earnings summary

Executive summary

• Operating income for the first nine months of 2025 reached RMB520,990 million, up 10.9% year-over-year, with net profit attributable to owners rising 28.9% to RMB46,822 million.

• Insurance revenue increased 6.8% to RMB431,339 million, and total investment income surged 35.3% to RMB86,250 million.

• Total assets grew 10.0% to RMB1,943,027 million, and equity attributable to owners rose 16.9% to RMB314,071 million as of 30 September 2025.

Financial highlights

• Profit before tax for the first nine months was RMB77,728 million, up 31.6% year-over-year.

• Basic earnings per share increased 28.9% to RMB1.06, and weighted average return on equity improved by 1.8 percentage points to 16.0%.

• Net cash flows from operating activities reached RMB95,796 million, up 18.3% year-over-year.

Outlook and guidance

• The group emphasized high-quality development, operational efficiency, and capital capability, aiming to maintain growth momentum despite complex external conditions.