China Financial Insurance (02328) announced interim results, with net profit of 32.284 billion yuan, an increase of 32% year-on-year

According to the Zhitong Finance App, China Financial Insurance (02328) announced interim results for the six months ended June 30, 2026. The group obtained original insurance premium income of 327.529 billion yuan, an increase of 1.3% year on year; net profit of 32.284 billion yuan, up 32% year on year; basic income of 1.452 yuan per share, and plans to pay an interim dividend of 0.34 yuan per share.

In the first half of 2026, the company and its subsidiaries actively promoted product, service and mechanism innovation, made every effort to create new momentum premium growth points, promote high-quality car insurance development, optimize the layout of personal non-car insurance, accelerate corporate business transformation and development, vigorously develop commercial health insurance, improve the overall rural revitalization capacity, and maintain steady growth. The original insurance premium income was 327.529 billion yuan, up 1.3% year on year. The market share was 33.3% of the Chinese property insurance market. The insurance service revenue was 254.617 billion yuan, an increase of 2.2% year on year, and continued to maintain the industry Leading position.

The Company and its subsidiaries continue to strengthen strategic management, take the lead in implementing the “integration of reporting” and “comprehensive management” of auto insurance, improve budget assessment, optimize organizational operation, strengthen risk pricing, deepen cost reduction and efficiency, innovate customer service, accelerate digital intelligence transformation, and support high-quality development with better operating mechanisms. The first half of the year achieved underwriting profit of 15.376 billion yuan, an increase of 18.1% year on year; comprehensive cost ratio of 94.0%, a year-on-year decrease of 0.8 percentage points; achieved a total investment income of 27.359 billion yuan, an increase of 5.85% year on year; net profit increased by 32.284 billion yuan over the previous year 32.0%; return on net assets (unannualized) was 10.9%, up 1.9 percentage points from the previous year.

On June 30, 2026, the total assets of the Company and its subsidiaries were 884.859 billion yuan, up 2.8% from the beginning of the year, and net assets of 306.361 billion yuan, up 6.1% from the beginning of the year; net cash inflow from operating activities was 27.577 billion yuan, up 2.6% year on year; comprehensive solvency adequacy ratio was 237.2%, up 4.8 percentage points from the beginning of the year, and the core solvency ratio was 213.8%, up 0.4 percentage points from the beginning of the year.