ZA ONLINE (06060) announced its annual performance, with a net profit attributable to shareholders of 1.102 billion yuan, an increase of 82.55% year-on-year.

According to the 2025 performance report released by ZA ONLINE as of December 31, the group achieved insurance service revenue of RMB 33.485 billion, an increase of 5.48% compared to the previous year; the net profit attributable to the parent company's shareholders was RMB 1.102 billion, an increase of 82.55% compared to the previous year; and the basic earnings per share were RMB 0.7. The announcement stated that in 2025, the company achieved a total premium of RMB 35.735 billion, a 6.9% increase compared to the previous year, and achieved insurance service revenue of RMB 33.485 billion, a 5.48% increase. In 2025, ZA Insurance ranked 8th in the domestic property insurance industry by total premium, further increasing its market share. Adhering to a strategy of high-quality growth, the company achieved a combined ratio of 95.8% in 2025, an improvement of 1.1 percentage points compared to the same period in 2024, with a combined loss ratio of 57.1% and a combined expense ratio of 38.7%. In 2025, the company achieved underwriting profit of RMB 1.412 billion, a 42.5% increase from 2024. Additionally, benefiting from the recovery of the capital market throughout the year, the total investment income of insurance investment assets increased significantly by 59.1% year-on-year. Therefore, the adjusted net profit attributable to the parent company in 2025 was RMB 1.8 billion, an increase of 198.3% compared to the previous year. As of December 31, 2025, the group's total assets were RMB 46.71 billion, with net assets of RMB 25.449 billion, representing an increase of 3.1% and 21.6% respectively compared to the beginning of the year. The comprehensive solvency adequacy ratio was 242%, maintaining an adequate level. Due to prudent operations and strong capital, the company received a Moody's Baa1 insurance financial strength rating and a Baa2 senior unsecured debt rating (investment grade rating), with the outlook upgraded to positive.