Hong Kong · Delayed Price · Currency is HKD ZhongAn Online P & C Insurance Earnings Call Transcripts
Fiscal Year 2026
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Net profit surged 132.2% year-on-year to RMB 1.55 billion, driven by robust underwriting and investment gains. Health and digital life segments led growth, while consumer finance was scaled down for risk control. AI and digital banking remain key strategic drivers.
Fiscal Year 2025
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GWP rose 6.9% to RMB 35.735 billion and adjusted net profit surged 198.3% to RMB 1.8 billion, driven by strong underwriting, investment returns, and AI integration. Health, pet, and auto insurance led segment growth, while ZA Bank achieved its first annual profit.
Fiscal Year 2024
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Gross written premiums rose 13.3% to RMB 33.417 billion in 2024, with net profit more than doubling year-over-year. Technology and banking segments saw strong revenue growth and narrowed losses, while AI-driven innovation and digital transformation enhanced operational efficiency and customer experience.
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Total premium income rose 5.4% year-on-year to CNY 15.23 billion, with strong growth in technology and banking segments, and continued underwriting profitability. Strategic focus on technology, user experience, and prudent risk controls supported resilience amid macro headwinds.