Recently, the Q1 2025 financial reports for China's top five listed insurance companies have been released. China Life, Ping An, PICC, CPIC, and New China Life reported a combined net profit of CNY84.18bn ($11.62bn), a year-on-year increase of 1.4%, with a daily profit of CNY935m. The quarter saw a clear divergence in performance, with a 'three up, two down' pattern.