Ping An's equity topped RMB1 trillion for the first time as the insurer posted RMB143,773 million in net profit excluding non-recurring items for 2025, a 22.5% increase year on year. Operating profit after tax attributable to shareholders rose 10.3% to RMB134,415 million, and the group announced total cash dividends of RMB48,891 million, including a final RMB1.75 per share.

Key figures - Adjusted net profit (ex non-recurring): RMB143,773 million (up 22.5% YoY) - Operating profit after tax attributable to shareholders: RMB134,415 million (up 10.3% YoY) - Equity attributable to shareholders: RMB1,000,419 million (first time above RMB1 trillion) - Full investment yield for insurance funds: 6.3% - Total cash dividends for 2025: RMB48,891 million; final dividend RMB1.75 per share Stronger core earnings despite a mixed economic backdrop Ping An released its full-year results for 2025 on March 26, 2026, reporting growth across several headline metrics. Net profit attributable to shareholders excluding non-recurring gains and losses reached RMB143,773 million, up 22.5% from the prior year. Operating profit after tax attributable to shareholders was RMB134,415 million, a 10.3% rise year on year. The lift in adjusted profit came even as Ping An described the macroeconomic environment as complex and volatile. The company said China's economic resilience and structural upgrade momentum provided a foundation for steady growth and framed its performance as the result of continued execution of an "integrated finance + health and senior care" strategy and a focus on service differentiation. Shareholders will see higher cash returns. The group announced total cash dividends of RMB48,891 million for 2025 and a final cash dividend of RMB1.75 per share, marking the 14th consecutive annual increase in cash payouts to investors. Investment returns and capital reach new milestones Ping An reported a full investment yield of 6.3% for its insurance funds in 2025 and described its insurance funds investment performance as "excellent." Equity attributable to shareholders exceeded RMB1 trillion for the first time, reaching RMB1,000,419 million by year-end. These capital and investment figures support the group's capacity to sustain payouts while backing business growth, product development and customer services. Sales, customer retention and health services On the life and health side, new business value (NBV) rose 29.3% to RMB36,897 million, reflecting stronger sales and higher-value policies. Ping An reported high retention among multi-product customers: 99% retention for customers holding three or more product categories, and 93% retention for customers in its health and senior care ecosystem. The company highlighted product and service breadth as a competitive edge, describing a customer proposition built on four product categories — protection, asset management, credit and service — aimed at keeping clients within an integrated suite of offerings and encouraging repeat business across channels. Strategy and market positioning Ping An framed 2025 as a year of strategic advancement, continuing to push its integrated finance model alongside investments in health and senior care services. The company linked this approach to broader demographic and market trends, citing China's expanding middle class and growing financial needs during the 15th Five-Year Plan period. What changed and who's affected For investors, the concrete changes are higher adjusted profits, a larger equity base and a bigger cash payout. The results underline steady earnings and higher shareholder returns while the company continues to press its integrated finance and health strategy.

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The group declared total cash dividends of RMB48,891 million for 2025, including a final cash dividend of RMB1.75 per share — its 14th consecutive annual increase.

This article was created with AI assistance.