China Taiping Insurance Holdings Company (966) investor relations material

Executive summary

• Focused on risk prevention, management excellence, growth acceleration, and safety assurance, resulting in steady business progress and improved operational quality and efficiency.

• Achieved profit attributable to owners of HK$12.87 billion, up 90.3% year-over-year, driven by improved insurance service results and investment returns.

• Life insurance profit rose 101.5% to HK$16.68 billion, with insurance revenue up 5.3% and net investment results reversing prior losses.

• Asset management profit increased 166.2% to HK$532 million, supported by higher management fees and cost savings.

• Total assets grew 9.1% to HK$2,167.2 billion, and group embedded value per share rose 8.6% to HK$63.33.

Financial highlights

• Insurance revenue rose 5.3% year-over-year to HK$589.26 billion in H1 2026.

• Net profit attributable to owners surged 90.3% year-over-year to HK$128.73 billion.

• Total investment income jumped 120.5% year-over-year to HK$47,952 million, with an annualized yield of 5.21%.

• Profit before tax doubled to HK$20.54 billion; profit after tax rose 92% to HK$17.65 billion.

• Basic EPS reached HK$3.442, up from HK$1.744 in H1 2025.

Outlook and guidance

• The 15th Five-Year Plan outlines a blueprint for high-quality development, with policy dividends and digital transformation expected to drive sector growth.

• Expects continued high-quality development, leveraging digital and intelligent technologies.

• Regulatory environment and national initiatives (e.g., Greater Bay Area, Belt and Road) seen as growth drivers.

• Strategic focus remains on safety, prudent operations, and value growth, aiming to build a world-class insurance group.

• Focus on risk prevention, management excellence, and value-oriented transformation.