Audited special financial reports from 64 insurers operating compulsory motor insurance, including PICC, show for Jan 1–Dec 31, 2025: 386 million vehicles insured; premium income CNY285.2 billion; claims CNY252.4 billion; management and service costs CNY53.8 billion (including a CNY1.07 billion rescue fund). The line reported an underwriting loss of CNY29.6 billion in 2025; allocated investment income totaled CNY6.6 billion, implying a net shortfall of CNY23.0 billion.