PICC Interim Dividend Set at RMB0.11 per Share, Total RMB4.865 Billion
PICC Group announced an interim dividend of RMB0.11 per share, totaling RMB4.865 billion. President Zhao Peng stated that the company currently does not use operating profit as a dividend basis due to structural differences with listed peers. The firm will maintain its strategy of long-term stable per-share dividend growth while optimizing policies under new accounting standards.
On August 31, Zhao Peng, president of PICC Group, said at the company's 2026 interim results conference that due to differences in segment layout and business structure compared with listed peers, the company has not yet considered using alternative metrics such as operating profit as the basis for dividends.
Zhao said that in terms of dividends, PICC mainly focuses on maintaining sustained and stable growth in performance, particularly profitability, and providing long-term stable dividend growth. After the implementation of new accounting standards, short-term fluctuations in capital markets have increased their impact on current-period profits. PICC adheres to a "dual-wheel drive" development pattern, with underwriting and investment working in tandem, aiming to build a solid foundation for long-term stable profitability and effectively respond to short-term market volatility.
On the underwriting side, the property and casualty insurance segment will strengthen risk-based pricing, continuously improve underwriting and claims service quality, build a risk-reduction service value chain, optimize reinsurance arrangements, and reinforce catastrophe risk protection mechanisms. The life insurance segment will continue to optimize product structure, enhance business quality, and reasonably control liability funding costs. On the investment side, PICC will continue to optimize strategic asset allocation, reasonably allocate equity assets in the secondary market and the proportion of OCI and TPL assets, and enhance active asset management capabilities to smooth investment performance fluctuations.
Zhao said the company will benchmark against industry practices, combine its own segment layout and business structure, always adhere to the core strategy of long-term stable growth in per-share dividends, and actively study optimizing dividend policies under the new standards. Through sustained and stable cash dividends, the company aims to maintain its dividend yield at a reasonable industry level over the long term.