People’s Insurance Co (Group) of China Class H ( (PINXF) ) has released its Q1 earnings. Here is a breakdown of the information People’s Insurance Co (Group) of China Class H presented to its investors.
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The People’s Insurance Company (Group) of China Limited, a major player in the insurance sector, provides a range of insurance services including property, life, and health insurance, and is known for its extensive market presence in China.
In its first quarterly report of 2025, the company reported significant financial growth, with a notable increase in net profit and total operating income compared to the same period last year.
Key financial metrics showed a 12.8% rise in total operating income to RMB 156,589 million and a 43.4% increase in net profit attributable to the owners, reaching RMB 12,849 million. The company’s total assets grew by 1.9% to RMB 1,800,490 million, while equity attributable to owners increased by 3.9%. The insurance revenue also saw a 7.9% increase, driven by strong performance in property and casualty, life, and health insurance segments.
The company’s strategic focus on optimizing its insurance business structure and improving investment performance has been pivotal in achieving this growth. The group has enhanced its asset allocation strategy, contributing to a substantial improvement in underwriting profits and overall financial results.
Looking ahead, the management remains committed to pursuing high-quality development and innovation, aiming to strengthen its position as a world-class insurance financial group, despite the challenging external environment.