ZhongAn Online Insurance reported a 132.2% year-over-year surge in net profit attributable to its parent company for the first half of 2026, reaching RMB 1.55 billion. The insurer’s insurance service revenue rose 12.9% to RMB 16.989 billion under HKFRS 17 accounting standards, driven by growth across its core ecosystems.
Gross written premiums for domestic property and casualty insurance remained nearly flat at RMB 16.558 billion, a 0.6% decline from the prior-year period. Underwriting profit increased 17.8% to RMB 773 million, while total investment income from insurance assets jumped 150% to RMB 1.596 billion. The combined operating ratio improved by 0.1 percentage points to 95.5%, and the annualized return on investment rose to 7.8% from 3.3% a year earlier.
The company’s domestic insurance investment assets stood at RMB 41.487 billion as of June 30, 2026, with equity and equity fund allocations increasing from 9% at the end of 2025 to 13%. Core solvency margin ratio reached 279.3%, while the comprehensive solvency margin ratio was 287.7%.
Segment performance showed broad-based growth. The health ecosystem’s gross written premiums rose 7% to RMB 6.7 billion, with personal health lines such as Zhenxiang Yisheng generating RMB 3.406 billion in revenue. Group insurance business expanded by more than 57.5%, while the health ecosystem’s loss ratio increased to 43.9%. The digital life ecosystem saw gross written premiums surge 24.7% to RMB 7.743 billion, led by a 22.7% increase in pet insurance premiums to RMB 691 million.
Auto insurance gross written premiums grew 4.2% to RMB 1.541 billion, with new energy vehicle insurance premiums jumping 105.7% to account for 36.5% of total auto premiums. The consumer finance ecosystem’s gross written premiums declined 79.2% to RMB 560 million, with outstanding loan balances falling to RMB 8.5 billion from RMB 22.9 billion at the end of 2025.
ZA Bank, ZhongAn’s Hong Kong virtual bank subsidiary, reported a 26.6% increase in net revenue to HKD 578 million and a 1.5-fold rise in net profit to HKD 71 million. Net interest margin improved by 61 basis points to 2.99%, while total assets grew 7.9% to HKD 26.819 billion. Customer assets under management surged 155.4% year-over-year.
New insured customers acquired through proprietary channels reached 36 million, with an 88% policy renewal rate. AI token consumption in the first half exceeded 34 trillion, up from 3 trillion a year earlier. Moody’s upgraded ZhongAn’s financial strength rating to A3, and the company ranked 400th on the Fortune China 500 list for 2025.
Shares traded at $10.92, up 1.68% from the prior close of $10.74, with a 52-week range of $8.83 to $20.56.
