At the 2026 interim results briefing held on August 28, CPIC Group President Zhao Yonggang stated that during the first half of this year, the company has adhered to a strategy of pursuing progress while ensuring stability and enhancing quality and efficiency. Following the 15th Five-Year Plan and three major strategies established by the board, all core operational indicators have demonstrated a steady upward trajectory with continuous improvement, further strengthening the company's overall competitiveness. Notably, amidst the current complex internal and external environment and market fluctuations, the company has maintained its operational resilience.
Zhao summarized the first-half operational achievements into four key characteristics: solid core business, innovative growth drivers, enhanced synergy, and technology-driven efficiency. The solid core business reflects the company's commitment to a value-oriented approach and deepening high-quality development in its main operations. Life insurance new business value and margin both achieved steady growth, while the property and casualty insurance combined ratio improved significantly to 95%. New energy vehicle insurance maintained rapid growth, and strengthened asset-liability management contributed to stable investment performance.
Innovative growth drivers involve expanding into emerging sectors to facilitate the transformation of development momentum. In the first half, technology insurance premium income grew nearly 18% year-on-year, green insurance premiums approached RMB 40 billion, and the number of people covered by policy-based long-term care insurance also achieved double-digit growth.
Enhanced synergy leverages the group's comprehensive advantages to deepen coordinated customer development. China Pacific Insurance (Group) Co., Ltd. remains customer-oriented and focuses on strategic clients. The number of multi-insurance policyholders within the group has been steadily increasing, and the cross-penetration rate of customers across subsidiaries is also rising steadily.
Technology-driven efficiency focuses on strengthening technological empowerment to support the improvement of quality and efficiency in core operations. The company is actively advancing the implementation of its AI+ strategy, accelerating the development of vertical large models, while expediting scenario reconstruction and process remodeling. Several benchmark projects are already yielding tangible results.
Zhao emphasized: "In the second half, we will continue to comprehensively advance toward our established goals of 'higher quality, greater resilience, stronger foundation, and effective breakthroughs in strategic tasks,' striving to achieve our full-year operational targets even better."