ZhongAn P&C Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/zhongan-pc/ Fri, 14 Nov 2025 05:01:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Underwriting, investment gains to support ZhongAn’s profitability: AM Best https://insuranceasianews.com/underwriting-investment-gains-to-support-zhongans-profitability-am-best/ Fri, 14 Nov 2025 05:01:32 +0000 https://insuranceasianews.com/?p=204556 Rating agency revises its outlook to positive from stable and affirmed ZhongAn’s A- (excellent) rating.

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ZhongAn Online P&C Insurance will sustain its profitability riding on continued strength in underwriting and investment performance, alongside stabilising earnings from non-insurance units as the ...

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]]> ZhongAn interim profit soars as underwriting gains, COR drops to 95.6% https://insuranceasianews.com/zhongan-interim-profit-soars-as-underwriting-gains-cor-drops-to-96/ Thu, 21 Aug 2025 06:04:46 +0000 https://insuranceasianews.com/?p=198037 The Chinese online insurer reported underwriting profit of US$90m, up 109% year-on-year.

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ZhongAn Online P&C Insurance reported an eleven-fold surge in net profits for H1 FY25, buoyed by a doubling of underwriting profit due to improved claims experience and tighter cost control, a com...

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]]> China’s ZhongAn raises US$500m via secondary placement in Hong Kong https://insuranceasianews.com/zhongan-online-raises-us500m-via-share-placement/ Mon, 07 Jul 2025 10:11:13 +0000 https://insuranceasianews.com/?p=194601 The proceeds will primarily support the Chinese digital carrier's core insurance and asset management business.

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ZhongAn Online P&C Insurance has raised HK$3.92 billion (US$500 million) through a Hong Kong share placement, marking its first equity fundraising since its 2017 IPO, the Chinese digital insurer s...

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]]> ZhongAn P&C’s underwriting profit drops 24.4% to US$137m in FY24, COR deteriorates to 96.9% https://insuranceasianews.com/zhongan-pcs-underwriting-profit-drops-24-4-to-us137m-in-fy24-cor-deteriorates-to-96-9/ Thu, 20 Mar 2025 08:02:08 +0000 https://insuranceasianews.com/?p=178994 Chinese online insurer’s total GWP for FY24 was US$4.6bn, a 13.3% year-on-year increase.

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ZhongAn Online P&C Insurance’s underwriting profit for its Chinese P&C business dropped by 24.4% to CNY990 million (US$137 million) in FY24, down from CNY1.3 billion a year ago, as its combine...

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]]> China’s ZhongAn’s operating performance is subject to investment volatility, business risk: AM Best https://insuranceasianews.com/chinas-zhongans-operating-performance-is-subject-to-investment-volatility-business-risk-am-best/ Mon, 11 Nov 2024 07:04:22 +0000 https://insuranceasianews.com/?p=169677 The rating agency affirms financial strength rating of A- (excellent) and long-term issuer credit rating of “a-” (excellent) to the carrier with a stable outlook.

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China’s ZhongAn Online P&C Insurance’s operating performance is subject to investment volatility and business risk in the turnaround strategies of its banking and technology segments, according to...

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]]> Swiss Re International to take over defunct Target Insurance’s EC policies https://insuranceasianews.com/swiss-re-takes-over-defunct-target-insurances-ec-policies/ Fri, 15 Dec 2023 12:23:16 +0000 https://insuranceasianews.com/?p=140284 The 32 in-force employee compensation policies issued by the Hong Kong taxi insurer will be transferred from April 1, 2024.

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Swiss Re International SE, Hong Kong branch,  will take over 31 in-force employee compensation (EC) policies of now defunct taxi insurer Target Insurance with effect from April 1, 2024, according to a...

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]]> ZhongAn Online P&C to benefit from ability to integrate tech innovation into insurance operations: AM Best https://insuranceasianews.com/zhongan-online-pc-to-benefit-from-ability-to-integrate-tech-innovation-into-insurance-operations-am-best/ Fri, 10 Nov 2023 10:12:24 +0000 https://insuranceasianews.com/?p=138181 The rating agency has affirmed the Chinese online-only insurer an A- (excellent) rating with a stable outlook taking into account its very strong balance sheet.

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Chinese insurer ZhongAn Online P&C Insurance, which reported Rmb1.633 billion (US$223.5 million) net losses in FY 2022 primarily driven by unrealised investment losses, could see similar trends in...

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The post ZhongAn Online P&C to benefit from ability to integrate tech innovation into insurance operations: AM Best appeared first on InsuranceAsia News.

]]> ZhongAn P&C reports 46% underwriting profit jump as COR improves to 95.8% https://insuranceasianews.com/zhongan-pc-reports-46-2-increase-in-underwriting-profit-cor-improves-to-95-8/ Tue, 29 Aug 2023 05:57:29 +0000 https://insuranceasianews.com/?p=132988 The insurer, which returned to profit after a loss in H1 2022, saw total GWP for H1 2023 reach US$2bn, an increase of 37.5%.

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China’s ZhongAn Online P&C Insurance has reported a 46.2% growth in underwriting profit for the first half of the financial year until June 30, 2023 (H1 2023) at Rmb481 million (US$66 million). Th...

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