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A股上市险企首份半年报亮相

Core Insights - China Ping An Insurance (Group) Co., Ltd. reported a net profit of 68.047 billion yuan for the first half of the year, marking a strong performance in the insurance sector [1] - The company will distribute a mid-term cash dividend of 0.95 yuan per share to its shareholders [1] Business Performance - The new business value for life and health insurance reached 22.335 billion yuan, a year-on-year increase of 39.8%, indicating improved business quality [1] - The 13-month policy continuation rate for Ping An Life Insurance was 96.9%, up 0.3 percentage points year-on-year, while the 25-month policy continuation rate was 95.0%, up 4.1 percentage points year-on-year [1] - The agency channel saw a 17.0% year-on-year growth in new business value, with per capita new business value increasing by 21.6% [2] - The bancassurance channel achieved a new business value of 5.972 billion yuan, a significant year-on-year growth of 168.6% [2] - The property insurance segment reported a premium income of 171.857 billion yuan, a 7.1% increase year-on-year, with an overall combined cost ratio of 95.2%, improving by 2.6 percentage points [2] Investment Performance - As of June 30, the investment portfolio of China Ping An exceeded 6.2 trillion yuan, growing by 8.2% since the beginning of the year [2] - The non-annualized comprehensive investment return rate was 3.1%, up 0.3 percentage points year-on-year, with a 10-year average net investment return rate of 5.0% [2] Strategic Focus - The company aims to implement a strategy focused on core business, revenue growth, cost control, innovation, and risk prevention in the second half of the year [3] - Continued emphasis on the "comprehensive finance + medical and elderly care" dual-wheel strategy and digital transformation is planned to enhance core competitiveness [3]