Zhongan Online (06060) announced interim results. Profit attributable to shareholders of 1.55 billion yuan increased by 132.18% year-on-year

According to the Zhitong Finance App, Zhongan Online (06060) announced interim results for the six months ended June 30, 2026. Insurance service revenue was 16.989 billion yuan (RMB, same below), up 12.95% year on year; profit attributable to shareholders was 1.55 billion yuan, up 132.18% year on year; basic profit per share was 0.92 yuan.

According to the announcement, in the first half of 2026, the company achieved total premiums of RMB 16.558 billion, a slight decrease of 0.6% over the previous year, and achieved insurance service revenue of RMB 16.989 billion, an increase of 12.9% over the previous year.

Adhering to the strategy of high-quality growth, the company's comprehensive underwriting cost ratio in the first half of 2026 was 95.5%, an improvement of 0.1 percentage points over the same period in 2025. Among them, the comprehensive compensation rate was 56.9% and the comprehensive expense ratio was 38.6%. In the first half of 2026, the company achieved underwriting profit of RMB 773 million, an increase of 17.8% over the same period in 2025. At the same time, benefiting from the rise in the equity market, the total investment income of insurance investment assets increased sharply by 150.0% year over year to RMB 1,596 billion. This led to a year-on-year increase of 132.2% of the Group's net profit attributable to shareholders of the parent company to RMB 1,550 billion in the first half of the year.

ZA Bank is committed to building a one-stop digital financial service platform in Hong Kong to provide retail users and SMEs with rich, convenient and inclusive financial services. At present, ZA Bank has become one of the digital banks with the richest functions and products in the Hong Kong market, building a one-stop integrated digital financial service platform through a fully digital operating model on mobile devices. In the first half of 2026, ZA Bank achieved net revenue of HK$578 million, up 26.6% year on year. Net profit of HK$71 million in the first half of the year was approximately 1.5 times that of the same period last year.

On June 30, 2026, the Group had total assets of RMB 47.562 billion and net assets of RMB 26.939 billion, up 1.8% and 5.9% respectively from the end of last year; the comprehensive solvency ratio was 287.7%, an increase of 45.2 percentage points over the end of last year, and remained at an adequate level.

Due to steady operations and substantial capital, the company's Moody's Insurance financial strength rating was further upgraded to A3.