Operating profit and asset base expanded in Q1
Ping An reported resilient first-quarter 2026 results, underscoring steady growth across its core businesses. Operating profit attributable to shareholders rose 7.6% year over year to RMB 40.78 billion. The group’s total assets also exceeded RMB 14 trillion, highlighting the company’s scale and balance-sheet strength despite a challenging macro backdrop.
Life and health insurance delivered strong momentum
Its life and health insurance segment posted notable gains. New business value increased 20.8% to RMB 15.574 billion, while first-year premiums climbed 45.5% to RMB 66.34 billion. The company said it has been working with major state-owned and joint-stock banks to strengthen bancassurance distribution, a move aimed at improving customer reach and supporting premium growth.
AI became a meaningful sales engine
One of the standout figures in the quarter was the contribution from artificial intelligence. Ping An said AI-driven sales reached RMB 30.442 billion in Q1 2026. The company is continuing to deploy AI across sales, customer service, and internal operations, seeking to improve conversion efficiency, streamline processes, and enhance client experience across its broader financial ecosystem.
Property and medical insurance also moved higher
In property insurance, gross written premiums rose 6.8% to RMB 90.951 billion. Non-motor insurance premiums performed especially well, increasing 19.5%. Health-related coverage also advanced, with medical insurance income up 6.4% to RMB 24.35 billion. The figures suggest that growth was not limited to one business line, but spread across several operating segments.
Long-term investment strategy remains intact
On investments, Ping An said it maintained a long-term approach while balancing allocations between dividend-focused equities and technology-driven stocks. Combined with its expanding AI initiatives, the insurer appears to be positioning itself around both operational efficiency and structural growth. Overall, the Q1 report points to a business that is strengthening traditional insurance operations while increasingly using AI as a commercial and strategic lever.