The Zhitong Finance App learned that domestic insurance stocks rose collectively. As of press release, China Ping An (02318) rose 3.18% to HK$49.92; China Life (02628) rose 3.05% to HK$24.36; China Financial Insurance (02328) rose 2.05% to HK$15.93; and China Taibao (02601) rose 1.05% to HK$26.84.
According to the news, listed insurers gradually landed in the third quarter. On October 28, China Taibao issued an announcement stating that in the third quarter of 2026, the company achieved net profit of about 5.628 billion yuan, a year-on-year decrease of about 68.4%. Changes in performance are mainly affected by capital market fluctuations. According to the data, in the first three quarters of 2026, China Taibao achieved fair value change losses of about 24.515 billion yuan, while in the first half of 2026, the company achieved fair value change revenue of about 2,985 billion yuan.
GF Securities previously pointed out that considering the overall adjustment of the equity market in the third quarter, insurers' investment income may be dragged down to a certain extent, and profit side performance may be pressured, but the release of performance pressure is expected to provide a better allocation point for the sector — the market's cautious expectations for the three quarterly reports have already been priced in pre-holiday adjustments, and the undervaluation of the sector after the shortfall hits will further highlight the margin of safety. The chief analyst of non-bank finance at Zhongtai Securities said that in the short term, the insurance sector sees an easing of capital pressure, and “deposit moving+'slow bull' continuation” in the medium term boosts value and profit growth.