Ping An insurance nine months profit fell 27.3% as investment gains falls

Ping An Insurance (Group) of China

28/10/2026 08:53

BEIJING, Oct 28 (Reuters) - China's Ping An Insurance601318.SS, 2318.HK reported a 27.3% year-on-year fall in net profit in the first nine months of 2026, as investment income fell amid a volatile stock market.
The insurance company posted 96.645 billion yuan ($14.50 billion) in net profit in the nine months ended September 30, according to a stock exchange filing on Wednesday.
Operating profit, which strips out short-term investment volatility and one-time items, rose 8.3% year-on-year.
A weak stock market in China has weighed on Chinese insurers' investment returns as they have increased their equity holdings in response to Beijing's call to support the market.
Ping An's investment income dropped 68.6% year-on-year to 49.489 billion yuan in the first nine months of this year.
The new business value in its life and health insurance segment, which measures the profitability of new policies sold, fell 13.3% year-on-year to 30.987 billion yuan.
Policy sales at Chinese insurers slowed in the third quarter as regulators tightened scrutiny of the bancassurance channel and as insurers faced competition from bank deposits, Goldman Sachs said in a research note.
The number of retail customers rose 1.9% from the end of last year to 255.8 million at end-September, the filing showed.
Banking unit Ping An Bank000001.SZ last week reported its third-quarter net profit rose 0.2% year-on-year.
China in September announced a capital injection of up to 70 billion yuan into five state-owned insurers, in an effort to ease pressure on insurers' core solvency ratios from falling long-term government bond yields.



($1 = 6.6666 Chinese yuan renminbi)

 (Reporting by Beijing Newsroom
Editing by Tomasz Janowski)
 ((Ziyi.Tang@thomsonreuters.com;))