On March 27, China Pacific Insurance held its 2025 performance briefing. Regarding the new energy vehicle insurance business, Chen Hui, President of PICC Property & Casualty, stated that the company's new energy vehicle insurance premium income reached 25.017 billion yuan in 2025, accounting for 22.6% of the total auto insurance business. This represents an increase of 5.6 percentage points compared to the previous year. The growth rate of new energy vehicle insurance surpassed that of the overall auto insurance business, benefiting from the company's earlier strategic focus on the new energy sector. Looking ahead, the substitution efficiency of new energy vehicles is expected to continue improving.
On another front, PICC Property & Casualty has further implemented services aligned with national strategies and automotive manufacturers. In 2025, the company closely followed the strategy of supporting automakers in expanding overseas, achieving significant breakthroughs in the international expansion of new energy vehicles. Through a "technology export plus local service" model, the company successfully issued multiple batches of insurance policies for leading automakers in markets such as Thailand and Vietnam, providing risk coverage for a cumulative total of 22,000 exported vehicles.
Looking ahead to the new year, Chen Hui expressed that the company will align with the trend of Chinese automakers developing overseas, deepen cooperation with automakers to accelerate the finalization and promotion of business models, and aims to elevate service standards to a higher level.
