HK Stock Market Move | China Pacific Insurance (02601) rose more than 5%, with a net profit increase of 4.3% year-on-year in the first quarter. The scale and value of premium payments achieved double growth.

China Pacific Insurance (02601) rose by more than 5%, at the time of writing it is up by 4.8% at 33.6 Hong Kong dollars, with a trading volume of 3.34 billion Hong Kong dollars. On the news front, China Pacific Insurance last night released its financial report for the first quarter of 2026. The company achieved operating income of 92.547 billion Chinese Yuan, a decrease of 1.25% year-on-year; and a net profit of 10.041 billion Chinese Yuan, an increase of 4.3% year-on-year. The scale and value of period payments both increased. In the first quarter of 2026, CPIC Life achieved a premium income scale of 116.277 billion Chinese Yuan, with a new premium scale of 18.929 billion Chinese Yuan, an increase of 41.4% year-on-year; and a new business value of 6.372 billion Chinese Yuan, an increase of 9.6% year-on-year. Huachu Securities believes that in the first quarter of 2026, the company optimized period payments and promoted value development, while the combined ratio of property insurance continued to improve. Although the investment side is under short-term pressure due to geopolitical factors, performance continues to grow steadily, highlighting operational resilience. Industrial Bank stated that although the liability side of the bank-insurance channel is under short-term pressure, with a more proactive strategy for bank-insurance products in the second quarter, the negative growth of new single premiums will significantly ease, and is expected to drive an improvement in NBV growth rate.