PNGAY Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	559,304	550,830	536,210	525,903	739,933
Total Interest & Dividend Income	57,496	44,184	87,382	107,162	200,459
Gain (Loss) on Sale of Investments	48,422	63,171	-60,312	-57,069	-11,605
Non-Insurance Activities Revenue	221,939	243,747	273,358	274,766	264,963
Other Revenue	68,541	61,712	70,238	33,881	79,266
Total Revenue	955,702	963,644	906,876	884,643	1,273,016
Revenue Growth (YoY)	-0.82%	6.26%	2.51%	-30.51%	-3.55%
Policy Benefits	458,334	452,703	443,909	426,535	618,662
Policy Acquisition & Underwriting Costs	-	-	-	-	80,711
Selling, General & Administrative	82,452	80,473	80,212	76,401	174,783
Provision for Bad Debts	1,003	462	152	-23	242
Non-Insurance Activities Expense	89,745	111,889	117,378	107,616	102,011
Other Operating Expenses	43,718	47,586	41,328	32,948	41,450
Total Operating Expenses	740,614	764,396	754,920	722,315	1,104,333
Operating Income	215,088	199,248	151,956	162,328	168,683
Interest Expense	-29,087	-26,376	-31,496	-22,698	-28,082
Currency Exchange Gain (Loss)	618	380	120	3,144	1,267
Other Non Operating Income (Expenses)	-1,029	-2,757	-463	-439	-2,288
EBT Excluding Unusual Items	185,590	170,495	120,117	142,335	139,580
Pretax Income	185,590	170,495	120,117	142,335	139,580
Income Tax Expense	27,289	23,762	10,843	7,518	17,778
Earnings From Continuing Ops.	158,301	146,733	109,274	134,817	121,802
Minority Interest in Earnings	-23,523	-20,126	-23,609	-23,809	-20,184
Net Income	134,778	126,607	85,665	111,008	101,618
Net Income to Common	134,778	126,607	85,665	111,008	101,618
Net Income Growth	6.45%	47.79%	-22.83%	9.24%	-28.99%
Shares Outstanding (Basic)	17,556	17,693	17,717	17,454	17,607
Shares Outstanding (Diluted)	18,107	18,107	18,074	17,710	17,771
Shares Change (YoY)	-	0.18%	2.05%	-0.34%	-0.14%
EPS (Basic)	7.68	7.16	4.84	6.36	5.77
EPS (Diluted)	7.44	6.99	4.74	6.27	5.72
EPS Growth	6.44%	47.47%	-24.40%	9.62%	-28.86%
Free Cash Flow	650,277	375,796	352,593	467,905	77,930
Free Cash Flow Per Share	35.91	20.75	19.51	26.42	4.38
Dividend Per Share	2.700	2.550	2.430	2.420	2.380
Dividend Growth	5.88%	4.94%	0.41%	1.68%	8.18%
Operating Margin	22.51%	20.68%	16.76%	18.35%	13.25%
Profit Margin	14.10%	13.14%	9.45%	12.55%	7.98%
Free Cash Flow Margin	68.04%	39.00%	38.88%	52.89%	6.12%
EBITDA	226,279	210,630	165,496	174,534	178,062
EBITDA Margin	23.68%	21.86%	18.25%	19.73%	13.99%
D&A For EBITDA	11,191	11,382	13,540	12,206	9,379
EBIT	215,088	199,248	151,956	162,328	168,683
EBIT Margin	22.51%	20.68%	16.76%	18.35%	13.25%
Effective Tax Rate	14.70%	13.94%	9.03%	5.28%	12.74%
Revenue as Reported	1,140,324	1,141,346	1,031,863	985,186	1,287,675

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.