CHINA TAIPING (00966) 2026 Interim Report: Insurance service revenue of HK$12.876 billion, with net profit attributable to shareholders increasing by 90.3% year-on-year.

On August 25, CHINA TAIPING (00966) disclosed its interim results for 2026, showing that during the reporting period, the company achieved a profit attributable to shareholders of HKD 12.873 billion, a year-on-year increase of 90.3%. The performance of the insurance services reached HKD 12.876 billion, growing by 4.5%, with core business maintaining steady growth. By business segment, the profit from the life insurance sector was HKD 16.682 billion, marking a year-on-year increase of 101.5%, primarily benefiting from the growth in both insurance service performance and net investment results compared to the same period last year; the asset management business recorded a profit of HKD 532 million, up 166.2%, driven mainly by an increase in management fee income and cost savings. Meanwhile, the company's net investment results reached HKD 9.694 billion, with improved investment returns further enhancing performance resilience. While profits grew, CHINA TAIPING's balance sheet remained robust. As of the end of the reporting period, the company's total equity amounted to HKD 175.1 billion, an increase of 6.2% from the end of last year; the equity attributable to ordinary shareholders was HKD 103.638 billion, up 8.9%, mainly driven by the total comprehensive income attributable to shareholders of HKD 13.404 billion for the current financial period. Total assets reached HKD 2,167.2 billion, growing by 9.1% from the end of last year, primarily due to an increase in financial investments. Long-term value indicators also showed growth. The company's contract service margin was HKD 231.4 billion, up 6.8% from the end of last year, mainly influenced by contracts recognized at the beginning of this period and fluctuations in the RMB exchange rate; the embedded value per share attributable to shareholders was HKD 63.33, an increase of 8.6% from HKD 58.30 at the end of last year, with the embedded value of Taiping Life increasing by 8.3% compared to the end of last year. Overall, CHINA TAIPING achieved improvements in multiple indicators such as insurance services, investment management, and asset scale in the first half of 2026, with profit growth and value accumulation forming a positive interaction, reflecting the resilience and lasting development foundation of the company's core business.