PICC H1 Total Investment Income Up 59.9% to RMB 66.33 Billion
PICC Group reported total investment income of RMB 66.33 billion for the first half of 2026, up 59.9% year on year, driven by a RMB 24.85 billion increase. The non-annualized total investment yield rose 1.1 percentage points to 3.7%, while net investment yield fell 0.2 points to 1.7%. Combined ratio improved to 94.5%, net profit grew 39%, and A-share net buying reached RMB 30 billion.
PICC Group held its 2026 first-half results briefing on August 31. Under the new accounting standards, the group achieved total investment income of RMB 66.33 billion in the first half, an increase of RMB 24.85 billion, or 59.9%, year on year. The non-annualized total investment yield rose 1.1 percentage points to 3.7%, while the net investment yield declined 0.2 percentage points to 1.7%.
During the same period, the group's combined ratio fell 0.8 percentage points year on year to 94.5%. Net profit for the first half increased 39% year on year, and the group added RMB 30 billion in net A-share purchases.