Ping An Insurance (Group) Company of China, Ltd. sustained business growth in its property & casualty (P&C) segment for the nine months ended 30 September 2026, reporting premium income of RMB265,215 million, up 3.5% compared with the same period a year earlier.
In the first nine months of 2026, Ping An P&C’s premium income from new energy vehicle insurance climbed 21.2% year on year.
Ping An P&C’s insurance revenue increased 3.8% year on year to RMB263,035 million.
The overall combined ratio improved by 1.4 pps to 95.6%, indicating sustained strong profitability.
Ping An’s Life & Health business grew steadily by advancing its high-quality development strategy, with operating profit increasing 5.7% to RMB87,238 million.
Ping An Life achieved synergistic multi-channel development, increasing the share of new business value from non-agency channels by 1.8 pps to 36.9%.
The community finance channel’s overall persistency ratio for retained customers improved by 1.6 pps.
Ping An Bank’s revenue and net profit rose 2.4% and 2.2% year on year to RMB103,100 million and RMB39,186 million respectively
Ping An’s insurance funds investment portfolio grew 5.2% to RMB6.83 trillion. The portfolio achieved a 10-year average net investment yield of 4.8% and a 10-year average comprehensive investment yield of 4.9%, both higher than the embedded value long-run investment return assumption.
Group wide, Ping An reported operating profit attributable to shareholders of the parent company of RMB125,905 million, up 8.3% compared with the first nine months of 2025.
Basic operating earnings per share grew 9.2% year on year to RMB7.23.
Equity attributable to shareholders of the parent company grew 4.4% to RMB1,044,366 million.
