Ping An released its first-quarter results, with a net operating profit attributable to shareholders of 37.907 billion yuan, a year-on-year increase of 2.4%

According to the Zhitong Finance APP, Ping An Insurance (02318) released its Q1 2025 performance, reporting an operating revenue of 256.618 billion yuan, a year-on-year decrease of 7%; net profit attributable to shareholders of the parent company was 27.016 billion yuan, a year-on-year decrease of 26.4%; basic earnings per share were 1.54 yuan.

The overall operation of the group is stable. In Q1 2025, the group achieved an operating profit attributable to shareholders of the parent company of 37.907 billion yuan, a year-on-year increase of 2.4%; among them, the operating profit from life insurance and health insurance business attributable to shareholders of the parent company was 26.864 billion yuan, a year-on-year increase of 5.0%.

The life insurance and health insurance business is developing steadily, with enhanced channel comprehensive strength and the effects of high-quality development becoming evident. In Q1 2025, the new business value of the life insurance and health insurance business reached 12.891 billion yuan, a year-on-year increase of 34.9%, with a new business value rate of 32.0%, an increase of 10.4 percentage points year-on-year. The effects of multi-channel development are significant, with new business value from the agent channel increasing by 11.5% year-on-year, new business value from the bancassurance channel increasing by 170.8% year-on-year, and new business value from community financial service channels increasing by 171.3%