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privateFinancial Strength: Moody's A3

China Pacific Insurance (CPIC)

中国太平洋保险集团

83.1Score

★★★☆☆3.8

Customer satisfaction · 140.0M members

Moody's: A3 (Life)(2025)Fortune Global 500 Member(2024)

China Pacific Insurance (CPIC) is the second-largest P&C insurer and third-largest life insurer in China. Headquartered in Shanghai with a market capitalization of approximately USD 48 billion, it has shown strong financial growth with operating income up 24.7% and net profit up 64.9% year-over-year in 2024.

Overall Score

83.1/100

Founded

1991

Headquarters

Shanghai

Type

private

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Key Metrics

Market Cap

USD ~48B

Clients

~140 million

Profit Growth

+64.9% net profit YoY (2024)

Strong Region

Yangtze River Delta

Editorial Ratings

Moody's: A3 (Life)(2025)

Rating: A3 (Life subsidiary) (max: Aaa)

80Moody's

Fortune Global 500 Member(2024)

Rating: Fortune Global 500 member (max: #1)

86.2Fortune

Coverage Highlights

✓Second-largest P&C insurer in China
✓Strong presence in Yangtze River Delta economic zone
✓Growing health insurance and elderly care segments
✓Improving digital capabilities
✓Strong financial growth trajectory

Pros

✓Strong financial growth trajectory
✓Well-positioned in China's wealthiest regions
✓Growing health and elderly care focus
✓Improving digital capabilities

Cons

✗Smaller than Ping An, China Life, and PICC
✗Limited English services
✗Health insurance still developing compared to core lines

Frequently Asked Questions

What is CPIC's market position in China?

CPIC is the second-largest P&C insurer and third-largest life insurer in China, with approximately 140 million clients and a market capitalization of USD 48 billion.

Is CPIC growing its health insurance business?

Yes. CPIC is actively growing its health insurance and elderly care segments, with overall operating income up 24.7% and net profit up 64.9% year-over-year in 2024.

Where is CPIC strongest in China?

CPIC has a particularly strong presence in the Yangtze River Delta economic zone, one of China's wealthiest and most developed regions.

Quick Summary

InsurerChina Pacific Insurance (CPIC)

Country🇨🇳 China

Overall Score83.1/100

Satisfaction3.8/5

Members140.0M

Typeprivate

Founded1991

Other Insurers in China

AIA China

private

88.8

/ 100

Ping An Insurance Group

private

86.2

/ 100

PICC (People's Insurance Company of China)

public

83.6

/ 100

China Life Insurance

public

83.4

/ 100

New China Life Insurance

private

79.2

/ 100

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