ZhongAn Online P & C Insurance
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ZhongAn Online P & C Insurance (6060) investor relations material

ZhongAn Online P & C Insurance H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary25 Aug, 2026

Executive summary

  • Net profit attributable to owners surged 132.2% year-over-year to RMB1,550 million in H1 2026, driven by strong insurance and banking segment performance, robust underwriting, a 150% increase in investment income, and a turnaround in the technology segment.

  • Insurance service revenue rose 12.9% year-over-year to RMB16,989 million, while GWP remained stable at RMB16,558 million.

  • Total assets reached RMB47,562 million, up 1.8% from year-end 2025; net assets increased 5.9% to RMB26,939 million.

  • Moody’s upgraded the insurance financial strength rating to A3.

Financial highlights

  • Underwriting profit increased 17.8% to RMB773 million; combined operating ratio improved to 95.5%.

  • Total investment income surged 150% year-over-year to RMB1,596 million; annualized total investment yield reached 7.8%.

  • Total income for H1 2026 was RMB18,966 million, up 17.2% year-over-year.

  • Basic and diluted EPS both rose to RMB0.92 from RMB0.45 in H1 2025.

  • ZA Bank net revenue reached HKD578 million (+26.6%), net profit HKD71 million (up 1.5x YoY).

Outlook and guidance

  • Focus remains on dual-engine growth of "Insurance + Technology" and sustainable, quality-driven expansion, with ongoing investment in AI and digital capabilities.

  • Plans to further export InsurTech capabilities domestically and internationally.

  • Consumer finance business to be further scaled down, focusing on asset quality and risk control.

  • No interim dividend declared to retain resources for business development.

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Next ZhongAn Online P & C Insurance earnings date

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H2 202618 Mar, 2027
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Next ZhongAn Online P & C Insurance earnings date

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H2 202618 Mar, 2027

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