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China's compulsory auto insurance underwriting loss hits 29.6 bln yuan in 2025
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According to a September 24 report from Jin10, China's National Financial Regulatory Administration (NFRA) has released audited financial data for the mandatory traffic accident liability insurance (交强险) for the 2025 fiscal year. The data, compiled from 64 insurance companies including PICC Property and Casualty, shows that from January 1 to December 31, 2025, insurers covered 386 million motor vehicles. Total premium income reached 285.2 billion yuan, while赔付成本 (compensation costs) were 252.4 billion yuan and management and service costs totaled 53.8 billion yuan (including 1.07 billion yuan for the rescue fund). The underwriting result for 2025 was a loss of 29.6 billion yuan, partially offset by 6.6 billion yuan in allocated investment income. The NFRA audited the specialized financial reports submitted by the insurers.
Source report
September 24 (Jin10 Data) — Following the conclusion of the 2025 fiscal year, 64 insurance companies operating compulsory traffic insurance (CTI) businesses, including the People's Property Insurance Company of China, have submitted audited special financial reports on their CTI operations, prepared by certified accounting firms.
The National Financial Regulatory Administration (NFRA) has reviewed the relevant reports submitted by these insurers in accordance with regulations.
According to the audited aggregated data from all CTI-operating insurers, for the period from January 1, 2025, to December 31, 2025:
- Total insured motor vehicles: 386 million
- CTI premium income: 285.2 billion yuan
- Compensation costs: 252.4 billion yuan
- Management and service costs: 53.8 billion yuan (including 1.07 billion yuan for the rescue fund)
In 2025, the CTI business recorded an underwriting loss of 29.6 billion yuan, with distributed investment income of 6.6 billion yuan.
Source
金十数据Neutral / independent
Part of this Story
China's compulsory auto insurance payouts hit 252.4 billion yuan in 2025, up 11.6%