In 2025, our country's new energy vehicle insurance underwriting loss was 5.6 billion yuan, a decrease of 100 million yuan year-on-year.

March 31 financial front-line news: The China Society of Actuaries and the Banking and Insurance Information Technology Management Company released relevant claims information for China’s new energy vehicle insurance in 2025.

In 2025, China’s insurance industry underwrote 43.58 million new energy vehicles (including 41.81 million passenger vehicles and 1.77 million commercial trucks), which is an increase of 12.48 million from the previous year, up 40.1%. Premium income was 190 billion yuan, providing risk protection of 159 trillion yuan. Underwriting losses totaled 5.6 billion yuan, narrowing the loss by 0.1 billion yuan year over year. The combined cost ratio fell by 1.3 percentage points year over year. There were 429 vehicle model series in the new energy vehicle market, including 370 passenger-vehicle series and 59 truck series.

In 2025, the loss ratio exceeded 100% (not yet considering the daily operating and management expense costs of property and casualty insurers). There were 143 high-claim vehicle series, an increase of 6 from the previous year, including 106 passenger-vehicle series and 37 truck series.

Editor-in-charge: Si Jia Liu

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