China Pacific Insurance (02601) reported a net profit of RMB36.403 billion for the first three quarters, down 20.3% year on year.

China Pacific Insurance (02601) announced its results for the first three quarters of 2026, with operating revenue of RMB291.564 billion, down 15.5% year on year; net profit of RMB36.403 billion, down 20.3% year on year; and basic earnings per share of RMB3.78. In the first three quarters of 2026, CPIC Life achieved gross written premiums of RMB267.651 billion, up 1.4% year on year; insurance service revenue of RMB64.634 billion, up 1.0% year on year; and new business value of RMB14.351 billion, down 6.5% year on year. By channel, the agent channel maintained steady value growth; the bancassurance channel faced pressure on value growth due to factors including the high base in the same period last year, phased changes in product mix, and changes in the market environment.