ZhongAn Online: 2025 adjusted net profit attributable to parent company reached 1.8 billion yuan, representing a year-over-year increase of 198.3%

LightningPacketLoss · 2026-03-21T15:07:29+00:00

Zhongan Online achieved total premiums of RMB 35.735 billion in 2025, representing a year-over-year increase of 6.9%, ranking 8th in the domestic property insurance industry. Underwriting profit reached RMB 1.412 billion, up 42.5% year-over-year, with net profit attributable to shareholders of RMB 1.8 billion, up 198.3% year-over-year. ZA Bank's net revenue was HKD 892 million, up 62.7% year-over-year. Group assets reached RMB 46.71 billion, achieving steady growth.

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2026-03-21 15:07:29

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On March 19, ZhongAn Online released its 2025 full-year performance report. In 2025, the company achieved a total premium income of RMB 35.735 billion, a year-on-year increase of 6.9%, and insurance service revenue of RMB 33.485 billion, up 5.5% year-on-year. In 2025, based on total premiums, ZhongAn Insurance ranked 8th in the domestic property insurance industry, with its market share further increasing.

The combined underwriting cost ratio for 2025 was 95.8%, an improvement of 1.1 percentage points compared to the same period in 2024, with a combined claims ratio of 57.1% and a combined expense ratio of 38.7%. In 2025, the company achieved an underwriting profit of RMB 1.412 billion, a 42.5% increase from 2024. Additionally, thanks to strong performance in the capital markets, the total investment income from domestic insurance assets increased by 59.1% year-on-year to RMB 2.124 billion. In summary, the company’s adjusted net profit attributable to shareholders for 2025 was RMB 1.80 billion, a year-on-year increase of 198.3%.

Throughout 2025, ZA Bank maintained rapid growth, driven by the high-speed increase in non-interest income, achieving a net income of HKD 892 million, up 62.7% year-on-year. As income grew rapidly, scale effects became evident, with the cost-to-income ratio improving by 32 percentage points year-on-year, and achieving a historic breakthrough with a full-year net profit of HKD 17.27 million.

As of December 31, 2025, the group’s total assets were RMB 46.71 billion, and net assets were RMB 25.449 billion, representing increases of 3.1% and 21.6% respectively from the beginning of the year. The comprehensive solvency adequacy ratio was 242%, remaining at a healthy level. Due to prudent operations and solid capital, the company received a Moody’s insurance financial strength rating of Baa1 and a senior unsecured debt rating of Baa2 (investment grade), with the outlook upgraded to positive.

(ZhongAn Online)

(Edited by: Qian Xiaorui)

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