ZhongAn Online net profit soars over 1,100% in H1’25
China’s largest online-only insurer, ZhongAn Online P&C Insurance Co., Ltd., reported a net profit attributable to shareholders of RMB 668 million (~USD 93 million) in the first half of 2025, soaring 1,103.5% year over year.
The company attributed this surge to stable investment returns and a historic turnaround in its digital banking business to profitability.
In H1’25, the underwriting combined ratio improved by 2.3 percentage points from H1’24 to 95.6%, while underwriting profit rose 108.9% to RMB 656 million.
Gross written premiums (GWP) reached RMB 16,661 million, up 9.3% year over year.
ZhongAn Online’s health ecosystem recorded GWP of RMB 6,275 million, up 38.3%, providing health protection to approximately 15.21 million insured users.
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The “Personal Clinic Policy” series achieved GWP of approximately RMB 4,250 million, while the “Zhong Min Bao” series generated GWP of approximately RMB 1,030 million, an increase of 638.8%.
The Digital Lifestyle ecosystem posted GWP of RMB 6,209 million, with innovative business contributing RMB 2,490 million in GWP, accounting for 40.1% of the total and representing a 40.0% increase.
In H1’25, pet insurance GWP reached nearly RMB563 million, up 51.3%, serving over 7.11 million pet owners.
The auto ecosystem achieved GWP of RMB 1,478 million, a 34.2% increase, with NEV auto insurance GWP surging approximately 125.4%, accounting for over 18% of total auto insurance GWP.
ZhongAn’s proprietary D2C channels generated RMB 3,697 million in GWP, up 16.9% and representing 22.2% of the company’s total GWP.
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