FINANCE

Chinese Insurers’ Profits Plunge as Stock Market Slides

Published: Oct. 29, 2026 2:47 p.m. GMT+8

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Shanghai-listed Ping An Insurance (Group) Co. of China Ltd. (601318.SH) and China Pacific Insurance (Group) Co. Ltd. (CPIC) (601601.SH) reported steep third-quarter net profit declines as a stock market downturn hit investment returns.

Third-quarter net profit plunged 93.7% at Ping An and 68.4% at CPIC, according to exchange filings released Wednesday.

Both insurers defied market expectations that all listed insurers would post net losses in the third quarter.

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Ping An's Q3 net profit plunged 93.7%; CPIC fell 68.4% amid stock market downturn.
Both avoided net losses; Ping An's diversified units and CPIC's low equity allocation eased impact.
Firms will balance returns with volatility; Ping An adds alternative assets, CPIC uses dividend-paying stocks.

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Who’s Who

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What Happened When

2026-06-30：: Both insurers experienced fair-value gains from equity investments.

2026-09-30：: Both insurers' fair-value changes shifted to losses, weighing on investment returns.

2026-10-28：: Ping An and CPIC released exchange filings showing third-quarter net profit plunged 93.7% and 68.4% respectively, and held earnings briefings to discuss balancing investment returns against volatility.

2026-10-29：: Ping An Insurance and CPIC reported steep third-quarter net profit declines in 2026 due to a stock market downturn.

2026-10-29：: Ping An announced plans to maintain a measured equity allocation and increase investments in alternative assets; CPIC said it would adjust equity exposure gradually, relying on dividend-paying value stocks.

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