OBPAI Geek Team•2026/8/12•0 阅读
Chinese Insurers of 2026
2025 GWP: Ping An ~CNY 918B, PICC 738.3B, China Life 729.9B; industry CNY 6.12T (+7.4%).
insuranceChinaPing An2026

Main table: 2025 gross written premium (group / entity)
Compiled 2026-08-12. Ranked by 2025 original insurance premium from annual reports and NFRA disclosures. Ping An is the sum of four insurance subsidiaries; Taiping is life + P&C (HKD converted). Global peers: global insurance groups ranking.
| # | Group / company | 2025 premium (CNY bn) | YoY | Note |
|---|---|---|---|---|
| 1 | Ping An | ~9180 | ~+7.0% | 2024 CNY 858.1B; 2025 P&C CNY 343.2B disclosed |
| 2 | PICC Group | 7383 | +6.5% | P&C 5558; life & health 1822 |
| 3 | China Life | 7299 | +8.7% | Listed entity total premium |
| 4 | CPIC Group | 4054 | flat (P&C) | Life 2039 + P&C 2015 |
| 5 | Taikang Insurance | 2690 | — | Scale premium |
| 6 | China Taiping | ~2193 | ~+3% | Taiping Life ~1865 + Taiping P&C ~328 |
| 7 | New China Life | 1959 | +14.9% | Bancassurance +39.5% |
| 8 | Postal Life | 1607 | +19.1% | Scale premium |
| 9 | Sunshine Insurance | 1507 | — | Group total premium |
| 10 | Dajia Insurance | ~1500 | +8.7% | Disclosed as ~150 bn |
Industry snapshot (NFRA, 2025)
| Metric | 2025 | YoY |
|---|---|---|
| Total GWP | CNY 6.12T | +7.4% |
| Industry assets | CNY 41T | — |
| Life insurers GWP | CNY 4.36T | +8.9% |
| P&C insurers GWP | CNY 1.76T | +3.9% |
Top three P&C subsidiaries (2025)
| # | Company | GWP (CNY bn) | Combined ratio |
|---|---|---|---|
| 1 | PICC P&C | 5558 | 97.6% |
| 2 | Ping An P&C | 3432 | 96.8% |
| 3 | CPIC P&C | 2015 | 97.5% |
How we ranked
Primary sort is 2025 original premium; industry totals and P&C / profit slices are secondary. Board defaults to 夯–拉.
| Source | When | Used for |
|---|---|---|
| Yicai / Eastmoney 2025 review | 2026-02 | CNY 6.12T industry GWP |
| STCN A-share insurers | 2026-03 | Premium and profit highlights |
| Ping An FY2025 | 2026-03 | Subsidiary premiums |
| CPIC FY2025 | 2026-03 | Life / P&C split |
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文章来源:OBPAI TierList