The People's Insurance Company (Group) of China (1339) Q2 2026 earnings summary

Executive summary

• Net profit for H1 2026 surged 40.6% year-over-year to RMB 50,836 million; net profit attributable to owners rose 40.4% to RMB 37,451 million.

• Insurance revenue increased 2.4% year-over-year to RMB 286,873 million; total assets grew 4.8% to RMB 2,124,901 million.

• Interim cash dividend per share rose 46.7% to RMB 0.11.

• Comprehensive solvency margin ratio at 246.6%, indicating strong capital adequacy.

Financial highlights

• Total operating income for H1 2026 was RMB 355,169 million, up 9.6% year-over-year.

• Total investment income reached RMB 66,327 million, up 62.7% year-over-year; total investment yield was 3.7%.

• Net assets per share increased 10.3% to RMB 7.71; weighted average ROE rose to 11.4%.

• Net cash flows from operating activities were RMB 63,936 million, down 14.6% year-over-year.

• Profit before tax: RMB 62,945 million, up 46.2% year-over-year.

Outlook and guidance

• Focus for H2 2026 includes strengthening core insurance functions, expanding financial support for underserved areas, and enhancing profitability and risk prevention.

• Emphasis on technological, business model, and management innovation, as well as stable investment performance and digital transformation.

• Continued focus on high-quality growth, risk management, and technological empowerment.