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 year-on-year increase of 17.4%. Insurance service revenue was 65.07 billion yuan, up 1.7% year-on-year. Net profit attributable to the parent company’s shareholders was 6.31 billion yuan, an increase of 15.7%. The group’s embedded value was 120.78 billion yuan, a growth of 4.3% compared to the end of the previous year.

Sunshine Life’s premium scale surpassed the 100 billion yuan mark, with total premium income of 102.61 billion yuan, a 27.5% increase year-on-year; 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 slight increase of 0.1%; non-guaranteed insurance underwriting combined cost ratio was 98.9%, down 1 percentage point year-on-year, achieving 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%; Sunshine Property & Casualty and Sunshine Life’s variable expense ratios decreased by 1.5 and 8.4 percentage points respectively. The total fixed and variable costs decreased by over 2 billion yuan for the year; the guaranteed costs 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 return rate of 4.8%, and a comprehensive investment return rate of 6.1%.

(Sunshine Insurance)

(Editor: Qian Xiaorui)

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