Direct auto insurance sales model reduces cost rate, BYD property insurance turns loss into profit in the first half of the year.

Recently, BYD General Insurance disclosed its solvency report for the second quarter of 2025, showing that in the first half of the year, BYD General Insurance achieved insurance business income of 1.398 billion yuan, exceeding the full-year level of 2024, and achieved a net profit of 31.3459 million yuan, with all car insurance premiums coming from direct sales channels. The operating status of BYD General Insurance has attracted market attention because the company is fully owned by a new energy vehicle enterprise. In recent years, with the rapid development of the new energy vehicle market, many new energy vehicle enterprises have begun to enter the car insurance business. Industry insiders believe that new energy vehicle companies have data, channel advantages, cost control capabilities, and innovative service potential, which are expected to inject new vitality into the car insurance industry.