China’s largest life insurer Ping An Insurance (Group) reported a 13.2% gain in its investment portfolio and a return of 6.3% for 2025, attributing the “excellent” results to a balanced strategy across asset classes.
Its insurance funds portfolio grew to 6.49 trillion RMB (US$930 billion) from 5.73 trillion RMB in 2024, when the return was 6.25%.
The annual results were published in statements on the websites of the insurer and the Hong Kong bourse on March 27. Ping An’s shares are listed in Shanghai and Hong Kong.
“Ping An achievedexcellent and stable investment results through a balanced investment strategy across fixed income, equities, and alternative investments,” according to the Shenzhen-based insurer.
Its insurance funds “delivered strong investment performance and demonstrated stable asset allocation capabilities”, and the company “adhered to long-term investing principles and liability-matching strategies in its insurance fund investments”.
Ping An had around 13.9 trillion RMB of total assets at the end of last year, up from 12.96 trillion RMB in 2024.
