---
title: "A deep dive into Taikang Online's 2025 report card: Premiums exceed 20 billion, comprehensive investment return rate reaches 5.57%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274289710.md"
description: "As the vanguard of Taikang Insurance Group in the internet battlefield, Taikang Online has submitted its \"report card\" for 2025. From the data, Taikang Online in 2…"
datetime: "2026-01-30T10:15:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274289710.md)
  - [en](https://longbridge.com/en/news/274289710.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274289710.md)
---

# A deep dive into Taikang Online's 2025 report card: Premiums exceed 20 billion, comprehensive investment return rate reaches 5.57%

As the vanguard of Taikang Insurance Group in the internet battlefield, Taikang Online has delivered its "report card" for 2025. From the data perspective, Taikang Online has shown impressive acceleration in 2025:

By the end of 2025, the company's annual cumulative premium income reached 20.179 billion yuan, a significant increase of 38.8% compared to 14.541 billion yuan in 2024, officially entering the "20 billion club."

Against the backdrop of the property insurance industry generally being constrained by car insurance pricing and sluggish growth, this explosive growth mainly stems from its deep cultivation in the vertical field of health insurance.

The report shows that health insurance, as the largest insurance type, accounted for over 35% of the premium income, confirming the moat effect of the "insurance + service" strategy in the digital ecosystem.

Beneath the scale frenzy, **the profit background of Taikang Online is somewhat complex.**

In 2025, Taikang Online recorded a net profit of 50 million yuan, **but the net profit, total assets, net assets, and insurance contract liability data reported by Taikang Online have switched to new accounting standards, making the data not comparable to previous years.**

Tracing back to more comparable data, Taikang Online's cumulative comprehensive cost ratio (COR) for 2025 was 102.82%, nearly flat compared to 2024, indicating that after excluding investment income, its underwriting business is essentially still in a slight loss state.

On the investment side, Taikang Online's comprehensive investment return rate for 2025 was 5.57%, far higher than the previous year.

Another more urgent signal comes from solvency.

With the rapid expansion of business scale, the side effects of capital consumption have begun to emerge. By the end of the fourth quarter of 2025, Taikang Online's core and comprehensive solvency adequacy ratio dropped to 199.55%, which is far above the regulatory requirement level but has significantly declined from 256.16% a year ago.

It is worth mentioning that this decline is not caused by losses but is a typical case of "capital consumption-type growth";

As the minimum capital for insurance risk soared from 1.324 billion yuan at the end of 2024 to 1.651 billion yuan, if there is a lack of capital replenishment in the future, this high-growth model may be limited by regulatory red lines.

Changes in governance structure and compliance aspects are also worth noting.

During the reporting period, Taikang Online abolished the supervisory board, the former chairman of the supervisory board automatically resigned, and the adjustment to transform into an audit committee streamlined the group's control logic.

Overall, Taikang Online is undergoing a deep-water transition from "light asset expansion" to "heavy capital preservation";

While the scale of 20 billion is certainly a milestone, how to maintain growth momentum while optimizing underwriting quality and alleviating capital anxiety will be a hard topic it must face in the next stage

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