China Pacific Insurance Company (601601) H2 2025 earnings summary

Executive summary

• Achieved steady improvement in business performance and enhanced core competitiveness, contributing to high-quality development amid a complex macroeconomic environment.

• Focused on value creation, transformation, and long-term capacity-building, with a growing customer base and improved service quality.

Financial highlights

• Group operating income reached RMB 435.156bn, up 7.7% year-over-year.

• Net profit attributable to shareholders was RMB 53.505bn, up 19.0% year-over-year.

• Group OPAT grew 6.1% to RMB 36.523bn; embedded value rose 9.1% to RMB 613.365bn.

• Assets under management increased 9.8% to RMB 3,891.033bn; customer base expanded 3.5% to 190mn.

• Net assets attributable to the parent grew 3.7% to RMB 302.143bn as of Dec 31, 2025.

Outlook and guidance

• Aims to enhance corporate governance, deepen reform, and foster new growth drivers to become a top-tier insurance conglomerate with international competitiveness.

• Will focus on improving operational efficiency and service capabilities in 2026, the 35th anniversary year.