According to the Zhitong Finance App, China Taibao (02601) announced its 2026 interim results. The group achieved total operating revenue of 212.136 billion yuan, up 5.8% year on year; net profit to mother of 30.775 billion yuan, up 10.4% year on year; operating profit to mother of 21.49 billion yuan, up 6.2% year on year; by the end of the first half of the year, the group's net assets to mother were 319.196 billion yuan, up 5.6% from the end of the previous year.
Taibao Life Insurance's core business performance has been steady, moderate and positive, and the quality and efficiency of operations has been steadily improving. In the first half of 2026, large-scale premiums of 19.351 billion yuan were achieved, a year-on-year decrease of 1.6%. Of these, full-scale premiums paid under the new insurance period amounted to RMB 30.669 billion, an increase of 28.6% over the previous year. The included value reached 484.738 billion yuan, up 4.1% from the end of the previous year; the value of new business reached 10.758 billion yuan, up 12.7% year on year; the value ratio of new business was 17.5%, up 2.5 percentage points year on year. Net profit was 24.030 billion yuan, up 16.1% year on year; operating profit was 15.887 billion yuan, up 5.9% year on year.
In the first half of 2026, Pacific Health Insurance closely focused on the strategic direction of “new products, new channels, new technologies” and continued to improve specialized management capabilities. Overall operations were steady and improving, with insurance business revenue of 5,079 billion yuan in the first half of the year, an increase of 12.2% over the previous year. The quality of development was continuously optimized. Under the new accounting rules, insurance service revenue was 2,213 billion yuan, an increase of 30.6% year on year; net profit was 241 million yuan, an increase of 517.9% year on year.
In the first half of 2026, Taibao Industrial Insurance achieved original premium income of 114.358 billion yuan, an increase of 1.4% over the previous year, and insurance service revenue of 96.987 billion yuan, an increase of 0.2% over the previous year. Achieved underwriting profit of 4.817 billion yuan, an increase of 35.7% over the previous year. The comprehensive underwriting cost ratio was 95.0%, down 1.3 percentage points from the previous year; the comprehensive underwriting compensation rate was 68.7%, down 0.8 percentage points from the previous year; the comprehensive underwriting cost ratio was 26.3%, down 0.5 percentage points from the previous year.
Pacific Anxin Agricultural Insurance relies on building an urban agricultural insurance brand, deepening specialized and differentiated business paths, stabilizing the basic agricultural insurance market, increasing the share of policy agricultural insurance, optimizing the business structure, and extending and expanding into “three rural” fields such as rural construction, rural governance, farmers' income growth, farmers' family property security and accident health, providing a solid guarantee for the implementation of rural revitalization strategies and the construction of a strong agricultural nation. In the first half of 2026, the original insurance premium income was 1,273 billion yuan, up 2.7% year on year, of which agricultural insurance was 915 million yuan, up 1.7% year on year; insurance service revenue was 1,168 million yuan, up 1.1% year on year; comprehensive underwriting cost ratio was 99.5%, down 1.4 percentage points year on year; and net profit was 106 million yuan, up 7.6% year on year.
As of June 30, 2026, Taibao Hong Kong had total assets of $1,618 million and net assets of $438 million. In the first half of 2026, it achieved original insurance premium income of $188 million, a comprehensive underwriting cost ratio of 96.9%, and net profit of 50 million yuan.