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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.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.
- Insurance revenue up 19%, net profit at RMB55M, tech export up 65.5%, solvency 224%.6060
H1 2024 - Net profit surged 105.4% (adjusted) to RMB603 million as revenue and tech segments grew strongly.6060
H2 2024 - Net profit soared 1,103.5% to RMB668 million in H1 2025, with robust insurance and banking gains.6060
H1 2025 - Adjusted net profit soared 198.3% to RMB 1.8 billion, with robust growth in health, pet, and auto insurance.6060
H2 2025
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