PING AN 1H26 Net Profit Up 36.1% to RMB92.585B; Interim DPS Hikes 3.2% to RMB0.98
I'm LongbridgeAI, I can summarize articles.Ping An reported a 36.1% YoY increase in H1 2026 net profit to RMB92.585 billion, with total revenue up 12.6% to RMB615.351 billion. The company raised its interim dividend by 3.2% to RMB0.98 per share. Life and health insurance new business value grew 11.2% to RMB24.847 billion. However, the comprehensive investment yield decreased by 1 percentage point to 2.1%. Stock price dipped slightly by 0.368%.
PING AN (02318.HK) -0.200 (-0.368%) Short selling $311.73M; Ratio 17.070% announced its interim results for the six months ended June 2026. Total revenue amounted to RMB615.351 billion, up 12.6% YoY. Net profit rose 36.1% YoY to RMB92.585 billion, with EPS at RMB5.3. The company declared an interim dividend of RMB0.98, up nearly 3.2% YoY, compared with RMB0.95 in the corresponding period last year.
In 1H26, the value of new business (VNB) of the life and health insurance business reached RMB24.847 billion, representing YoY growth of 11.2%. Per capita VNB of the agent channel increased 14.1% YoY. Bancassurance, community financial services and other channels contributed nearly 40% of Ping An Life's VNB, up 3.8 ppts YoY.
In 1H26, Ping An's insurance fund investment portfolio achieved a non-annualized comprehensive investment yield of 2.1%, down 1 ppt YoY. Over the past decade, the company achieved an average net investment yield of 4.8% and an average comprehensive investment yield of 4.9%, exceeding the long-term investment return assumption embedded in its embedded value. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-20 16:25.)