31 October 2025 | 5:30AM HKT Equity Research China Insurance: Key takeaways from 3Q25 results (First Take) We summarize the key takeaways from 3Q/9M 2025 results for China Life, CPIC, NCI, PICC Group and PICC P&C. With all Chinese insurers having reported, we highlight: Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors shou ...