Ping An Insurance (Group) Company of China (“Ping An”) reported robust interim results for the six months ended 30 June 2026, driven by higher-value growth across core businesses.
Key Financials • Revenue rose 12.60% year-on-year to RMB 615.35 billion. • Net profit attributable to shareholders jumped 36.10% to RMB 92.59 billion. • Operating profit after tax attributable to shareholders increased 8.30% to RMB 84.20 billion. • Equity attributable to shareholders reached RMB 1.03 trillion, 2.80% higher year-to-date. • Group comprehensive solvency margin ratio improved to 198.1%, up 4.8 percentage points from end-2025.
Dividend • The Board declared an interim cash dividend of RMB 0.98 per share, 3.20% higher than the prior-year interim payout.
Segment Highlights Life & Health Insurance • New business value climbed 11.20% to RMB 24.85 billion. • Operating profit grew 2.30% to RMB 55.87 billion; contractual service margin rose to RMB 737.78 billion.
Property & Casualty Insurance • Premium income advanced 4.00% to RMB 178.75 billion. • Combined ratio improved to 95.1%, with auto insurance combined ratio at 94.9%.
Banking • Ping An Bank’s revenue increased 1.80% to RMB 70.62 billion, while net profit rose 3.30% to RMB 25.70 billion. • Non-performing loan ratio remained stable at 1.05%; provision coverage stood at 219.58%.
Asset Management • Net profit from asset management jumped 209.40% year-on-year to RMB 9.66 billion.
Finance Enablement • Operating profit from technology-driven businesses totaled RMB 72 million, compared with RMB 1.04 billion a year earlier, reflecting ongoing platform investments.
Strategic and Operational Metrics • Retail customers reached 253 million, up 0.90% from year-end 2025. • High-value customers expanded 2.60% year-to-date; customer retention across three or more product lines held at 99%. • Insurance funds investment portfolio grew to RMB 6.61 trillion, delivering a 10-year average comprehensive investment yield of 4.90%.
Outlook Ping An reiterated its “integrated finance + health and senior care” strategy, emphasizing higher-value growth, tech-driven development and enhanced customer services while maintaining strong capital buffers and rising shareholder returns.