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.
