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PING AN 1Q NP Sinks 26.4% YoY, OP Hikes 2.4%
2025-04-25 17:09:04
PING AN (02318.HK) announced its 1Q results for the period ending March 31, 2025. Revenue shrank 7% YoY to RMB256.618 billion; net profit dropped 26.4% YoY to RMB27.016 billion; and operating profit rose 2.4% YoY to RMB37.907 billion.

In 1Q25, Ping An’s Life & Health NBV rose 34.9% YoY to RMB12.891 billion, with the NBV margin reaching 32%, up 10.4 ppts YoY.

Multi-channel development achieved remarkable results, with NBV of the agent channel, bancassurance channel and community finance channel up 11.5%, 170.8% and 171.3% YoY respectively.
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