Chinese insurers will begin announcing their 1Q26 results from next Tuesday (28th) onward, according to an earlier report by CICC. CICC expects industry net profit attributable to shareholders to have fallen 19% YoY, life insurance new business value (NBV) to have risen 13% YoY, and the combined ratio for property and casualty insurers to have slipped 0.4 ppts YoY.Given that single-quarter earnings were generally constrained by equity market volatility, CICC forecasts the following changes in various insurers' 1Q26 net profit attributable to shareholders: CHINA TAIPING (00966.HK) -0.360 (-1.627%) Short selling $11.70M; Ratio 7.238% +3.0% YoY, CPIC (02601.HK) -0.620 (-1.833%) Short selling $64.99M; Ratio 17.980% -4.7%, PING AN (02318.HK) -1.050 (-1.654%) Short selling $572.27M; Ratio 24.832% -6.2%, SUNSHINE INS (06963.HK) -0.090 (-2.452%) Short selling $6.17M; Ratio 9.164% -12.0%, PICC P&C (02328.HK) -0.040 (-0.260%) Short selling $301.02M; Ratio 21.182% -19.8% YoY, PICC GROUP (01339.HK) -0.100 (-1.818%) Short selling $31.93M; Ratio 11.271% -32.8%, NCI (01336.HK) -0.900 (-1.768%) Short selling $38.97M; Ratio 11.164% -37.1%, and CHINA LIFE (02628.HK) 0.000 (0.000%) Short selling $605.03M; Ratio 42.521% -42.1%.Related News Daiwa: 2026 Mainland Corporate Earnings Recovery May Accelerate but Not Broad-BasedRegarding the NBV, the positive trend persisted. CICC expects the 1Q26 NBV to have grown 30% YoY for CHINA LIFE, 18% Yoy for PING AN, 11% YoY for CPIC, 9% YoY for SUNSHINE INS, and 6% YoY for NCI, and 3% YoY for CHINA TAIPING. CHINA LIFE and PING AN were mainly driven by strong bancassurance growth, while other companies saw relatively slower growth in bancassurance. However, PING AN adjusted certain non-financial assumptions at end-2025, leading to negative impacts on value margins. In addition, CPIC and NCI recorded faster growth in the individual agent channel, supporting steady overall value growth.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)
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