China's Ping An Insurance nine-month revenue falls 12.6%, profit drops 27.3%

Ping An Insurance (Group) of China

28/10/2026 09:04

Overview
Chinese insurance company's nine-month revenue fell 12.6% yr/yr
Net profit attributable to shareholders dropped 27.3% yr/yr

Outlook
Company did not provide specific guidance for future quarters or full-year results in its press release

Result Drivers
LIFE & HEALTH INSURANCE - Co said life and health insurance business grew, with operating profit up 5.7% yr/yr
PROPERTY & CASUALTY PREMIUMS - Co said property and casualty premium income rose 3.5% yr/yr
INVESTMENT PORTFOLIO - Co said insurance funds investment portfolio grew 5.2% yr/yr

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
RMB 787.63 bln
 
9M Net Profit Attributable
 
RMB 96.65 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the life & health insurance peer group is "buy"
Wall Street's median 12-month price target for Ping An Insurance (Group) Company of China, Ltd. is CNY75.00, about 42.6% above its October 27 closing price of CNY52.61
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
Oct 27 - HSBC shares tumble 6% after third-quarter revenue disappoints, wealth growth slows
Oct 27 - China's Lufax prelim Q3 net loss widens on higher credit impairment losses
Oct 26 - China's CITIC Securities Q3 profit falls 20.2% on weak stock market

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)