Insurance companies and asset managers held RMB41.3t at end 2025.
China’s insurance sector continued to expand in 2025, with total assets of insurance companies and insurance asset management firms reaching $6.2t (RMB41.3t) at the end of the fourth quarter of 2025 (Q4 2025), up 15.1% year-on-year (YoY).
Personal insurance companies held the largest share of assets at $5.5t (RMB36.4t), marking a 15.4% YoY increase.
Property and casualty insurers recorded assets of $465b (RMB3.1t), up 7.5% YoY, whilst reinsurance companies posted assets of $128.6b (RMB857.3b), up 3.5% YoY.
Insurance asset management companies reported assets of $21.8b (RMB145.6b), an increase of 14% YoY.
Insurance business activity also grew during the year. Primary insurance premium income reached $915b (RMB6.1t) in 2025, up 7.4% YoY.
Insurance claim and benefit payments totalled $360b (RMB2.4t), rising 6.2% YoY.
The number of new insurance policies written increased by 12.6% YoY to 116.8 billion policies, reflecting continued demand across the sector.
($1.00 = RMB6.78)