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SHANGHAI - China Pacific Insurance (Group) Co., Ltd. (CPIC) disclosed a significant increase in its premium income for the first four months of 2025, according to a recent announcement. The company, a major player in the insurance industry in the People’s Republic of China, reported that its subsidiary, China Pacific Life Insurance (NSE:LIFI) Co., Ltd., experienced a 10.4% year-on-year rise in accumulated primary premium income, totaling RMB115.359 billion. Meanwhile, China Pacific Property Insurance Co., Ltd., another subsidiary, saw a modest increase of 0.7%, with accumulated primary premium income reaching RMB77.652 billion.
The figures, which cover the period from January 1 to April 30, 2025, include the consolidated data from Pacific Anxin Agricultural Insurance Co., Ltd., a subsidiary of China Pacific Property Insurance Co., Ltd. The company has advised investors that the reported accumulated primary premium income is unaudited.
The primary premium income was prepared following the PRC Accounting Standards for Business Enterprises No. 25 - Original Insurance Contracts and the Regulations on the Accounting Treatment of Insurance Contracts by the Ministry of Finance of the People’s Republic of China.
The information, which is based on a press release statement, was provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280). CPIC, headquartered in Shanghai, operates as a joint stock company with limited liability under Chinese law. The company’s performance in the early part of 2025 indicates a continued trajectory of growth in the insurance sector, particularly for life insurance services.
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