On September 1, PICC GROUP rose 3.32% in regular trading, trading at HKD 5.88/share, with turnover of HKD 54.24 million.

On the news front, the company recently disclosed its interim results, reporting total operating revenue of RMB 355.17 billion for the first half, up 9.6% year-over-year. Attributable net profit reached RMB 37.45 billion, surging 40.42% year-over-year. Total investment income soared 62.7% to RMB 66.33 billion, with the investment portfolio serving as the primary driver of profit growth. On the underwriting side, PICC Property & Casualty recorded a combined ratio of 94.5%, an improvement of 0.8 percentage points, with underwriting profit rising 19.8%.

The board proposed an interim cash dividend of RMB 0.11 per share, representing a 46.7% increase over the prior-year period, totaling RMB 4.865 billion in distributions. Brokerages noted that investment performance approximately doubled year-over-year in H1, while the payout ratio edged up to 13.2% from 12.5%, signaling enhanced shareholder returns. The current valuation of the insurance sector remains at historical lows with ample safety margin.

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