Sunshine Insurance: 2025 Net Profit Attributable to Parent Company 6.31 Billion Yuan, YoY Growth of 15.7%

On March 16, Sunshine Insurance released its 2025 performance report. In 2025, the company’s total premium income reached 150.72 billion yuan, a 17.4% increase year-over-year. Insurance service income was 65.07 billion yuan, up 1.7%. Net profit attributable to shareholders of the parent company was 6.31 billion yuan, a 15.7% increase. The group’s embedded value was 120.78 billion yuan, a 4.3% increase from the previous year.

Sunshine Life’s premium scale surpassed 100 billion yuan, with total premium income of 102.61 billion yuan, a 27.5% increase; new business value was 7.64 billion yuan, up 48.2%. Sunshine Property & Casualty’s original insurance premium income was 47.89 billion yuan, a 0.1% increase; non-guaranteed insurance underwriting comprehensive cost ratio was 98.9%, down 1 percentage point year-over-year, resulting in underwriting profit of 490 million yuan.

In 2025, to hedge against operational risks from declining interest rates, the company implemented management efficiency improvements centered on fixed costs, variable expenses, and liability cost management. Overall, fixed costs were reduced by 9.8%. The variable expense ratios for Sunshine Property & Casualty and Sunshine Life decreased by 1.5 and 8.4 percentage points, respectively. Total fixed and variable costs decreased by over 2 billion yuan for the year. The guaranteed cost for new single premiums and the costs of existing policies for Sunshine Life further declined.

In 2025, the group’s total investment assets reached 640.20 billion yuan, with total investment income of 25.23 billion yuan, comprehensive investment income of 32.44 billion yuan, a total investment yield of 4.8%, and a comprehensive investment yield of 6.1%.

(Sunshine Insurance)

(Edited by: Qian Xiaorui)

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