Ping An Insurance (Group) Company of China Limited reported robust interim results for the six months ended 30 June 2026, posting broad-based growth across key profitability, capital and business metrics.

Financial performance • Revenue under China Accounting Standards climbed 15.0% year-on-year (YoY) to RMB 575.10 billion, while revenue under IFRS rose 12.6% YoY to RMB 615.40 billion. • Operating profit after tax (OPAT) increased 8.3% YoY to RMB 84.20 billion, accelerating from the pace seen in 1Q 2026. • Net profit attributable to shareholders surged 36.1% YoY to RMB 92.60 billion, driven chiefly by higher investment income amid disciplined asset-liability management. • Shareholders’ equity edged up 2.8% year-to-date to RMB 1,028.10 billion, maintaining balance-sheet strength. • The board declared an interim dividend of RMB 0.98 per share, up 3.2% YoY; cumulative dividends since 2016 total RMB 393.70 billion.

Capital and solvency • Group comprehensive solvency ratio stood at 179%, comfortably above the 100% regulatory minimum. • Core solvency ratio was 134%, versus the 50% minimum, providing a 2.7x buffer.

Investment highlights • Total invested assets reached RMB 6.61 trillion, up 1.9% from end-2025; portfolio mix remained conservative at 73% fixed income, 20% equities and 7% alternatives/others. • The non-annualised comprehensive investment yield was 2.1%. Over the past decade, the average comprehensive investment yield of 4.8% exceeded the group’s 4.0% embedded-value long-term assumption by 90 basis points.

Segment performance Life & Health Insurance • New business value (NBV) rose 11.2% YoY to RMB 24.80 billion; participating products contributed more than 90% of first-year regular premiums. • Non-agency channels (including bancassurance and community finance) accounted for 38% of NBV, up from 34% a year earlier.

Property & Casualty Insurance • Premium income grew 4.0% YoY to RMB 178.80 billion. • The combined ratio improved by 0.1 percentage points to 95.1%, maintaining a 16-year record of underwriting profitability. • New-energy vehicle (NEV) insurance premiums climbed 21.5% YoY to RMB 26.40 billion, lifting Ping An’s NEV market share to 28.0%.

Banking • Ping An Bank’s revenue increased 1.8% YoY to RMB 70.60 billion; net profit advanced 3.3% YoY to RMB 25.70 billion. • Annualised net interest margin held at 1.80%, while the non-performing loan ratio remained low at 1.05%.

Asset Management • Ping An Asset Management oversaw RMB 6.40 trillion in assets; Ping An Securities’ net profit rose 31.5% YoY amid improved brokerage performance. • Ping An Fund’s assets under management reached a record RMB 942.30 billion, with a non-annualised return on equity of 7.7%.

Strategic initiatives • Technology-driven “Integrated Finance + Health and Senior Care” strategy continued to deepen customer engagement, covering 75.88 million clients with upgraded service offerings. • The group’s AI-empowered “Express Service” now executes 34% of transactions via one-click functions, while the “Global Emergency Assistance” program covers 88% of high-frequency service scenarios. • Investment in artificial intelligence surpassed RMB 10 billion, lifting workforce productivity by 62% and extending AI support to all customer interactions.

Outlook Management reiterated its focus on value-oriented growth, disciplined asset allocation and further integration of financial and healthcare services to sustain high-quality earnings and enhance shareholder returns.