On October 28, Ping An of China released its third-quarter financial report. The report shows that in the first three quarters of 2026, Ping An's operating profit attributable to shareholders of the parent company amounted to 125.905 billion yuan, a year-on-year increase of 8.3%; the basic earnings per share were 7.23 yuan, a year-on-year increase of 9.2%. As of the end of the third quarter, the net assets attributable to shareholders of the parent company were 1044.366 billion yuan, an increase of 4.4% from the beginning of the year.

In terms of life insurance and health insurance business, in the first three quarters of 2026, the operating profit from life insurance and health insurance business amounted to 87.238 billion yuan, a year-on-year increase of 5.7%. With the coordinated development of multiple channels, in the same period, the contribution of new business value from non-agent channels accounted for 36.9%, an increase of 1.8 percentage points compared to the previous year, and the full payment continuation rate for existing customers through community financial services channels also increased by 1.6 percentage points year-on-year. In the agent channel, in the first three quarters of 2026, agents with a college degree or higher accounted for 66.3% of the new hires, up 6.5 percentage points from the previous year. Ping An of China continues to promote the transformation towards products with longer payment periods, actively optimizing the payment structure. In the first three quarters of 2026, the proportion of new business with longer payment periods through the agent channel increased by over 10 percentage points year-on-year.

In terms of property insurance business, in the first three quarters of 2026, Ping An Property & Casualty Insurance's original insurance premium income amounted to 265.215 billion yuan, a year-on-year increase of 3.5%; among this, the original insurance premium income from new energy vehicle insurance increased by 21.2% year-on-year; insurance service income was 263.035 billion yuan, with a year-on-year increase of 3.8%; the overall comprehensive cost ratio was 95.6%, which improved by 1.4 percentage points compared to the same period last year.

In terms of insurance fund investment, as of September 30, 2026, the scale of the insurance fund investment portfolio was 6.83 trillion yuan, an increase of 5.2% from the beginning of the year. The average net investment return rate over the past 10 years was 4.8%, and the average comprehensive investment return rate over the same period was 4.9%.

In terms of banking business, in the first three quarters of 2026, Ping An Bank achieved operating income of 103.10 billion yuan, a year-on-year increase of 2.4%; it also realized a net profit of 39.186 billion yuan, a year-on-year increase of 2.2%. As of September 30, 2026, Ping An Bank's non-performing loan ratio was 1.05%, and its provision coverage ratio was 214.75%; its core tier one capital adequacy ratio was 9.61%, which increased by 0.25 percentage points from the beginning of the year.

Ping An of China continues to promote a comprehensive financial model. The third-quarter report shows that as of September 30, 2026, Ping An had nearly 256 million individual customers, an increase of 1.9% from the beginning of the year; each customer held an average of 2.95 contracts, a growth of 0.3% from the beginning of the year. The number of valuable customers reached 41.51 million, an increase of 3.1% from the beginning of the year, which is higher than the overall growth rate of individual customers. In the past 12 months, the customer retention rate for those holding three or more products within the group reached 99%.

In addition, this year Ping An in China has further deepened the implementation of “AI in ALL”. In September 2026, Ping An's daily average consumption exceeded 330 billion, which is more than 10 times higher than in December 2025; the output per unit of computing power Token increased by 509%, and the cost per unit of Token decreased by 81%. This allows for more efficient and cost-effective support for large-scale applications AI, accelerating the creation of business value.