- Nine-month operating profit up 7.2%
- Insurance funds investment yield up 1 percentage point
- Number of retail customers up 2.9% from end-Dec
BEIJING/SHANGHAI, Oct 28 (Reuters) - China's Ping An Insurance reported a 11.5% year-on-year rise in net profit in the first nine months of 2025, driven by improved policy sales and investment gains.
The insurance company posted 132.856 billion yuan ($18.65 billion) in net profit in a filing released on Tuesday. Operating profit rose 7.2%.
The new business value in its life and health insurance segment, which measures the profitability of new policies sold, grew 46.2% year-on-year to 35.724 billion yuan.
The number of retail customers rose 2.9% from the end of last year to 249.55 million at end-September, the filing showed.
China's stock market rally in the third quarter boosted insurance companies' investment gains.
Ping An's insurance funds investment portfolio reached an unannualized comprehensive investment yield of 5.4% in the first nine months of the year, up 1 percentage point from the same period of 2024.
Banking unit Ping An Bank on Friday reported its third-quarter net profits fell 2.8% year-on-year.
($1 = 7.1230 Chinese yuan renminbi)
Reporting by Ziyi Tang and Engen Tham; Editing by Kirsten Donovan
Source: Reuters