The performance report of the insurance industry in the first half of 2026 has been released one after another, and China Post Insurance has delivered a quite impressive mid-term report.

As of the end of June, the total assets of China Post Insurance were close to 800 billion yuan, an increase of 101.6 billion yuan from the beginning of the year; During the reporting period, the company achieved insurance business revenue of 129.138 billion yuan, a year-on-year increase of 9%; The total profit exceeded 7 billion yuan, with a year-on-year increase of 37%. Among the 58 non listed life insurance companies that have disclosed data, China Post Insurance ranks second in premium income and net profit.

Capital market recovery boosts performance

In the first half of 2026, a total of 58 non listed life insurance companies achieved a net profit of 60.439 billion yuan, a year-on-year increase of 109.4%. Against the backdrop of the industry's overall profit doubling, China Post Life Insurance's data is impressive. Data shows that China Post Insurance's net profit in the first quarter was about 1.245 billion yuan, while its net profit in the first half of the year reached 7.068 billion yuan. This means that the net profit in the second quarter was as high as 5.822 billion yuan, contributing more than 80% of the profits in the first half of the year. The quarterly jump in this profit distribution is directly related to the increase in investment returns brought about by the recovery of the capital market in the second quarter - the company's investment return rate in the first half of the year was 2.33%, and the comprehensive investment return rate was 2.89%, higher than the median comprehensive investment return rate of 2.5% for 58 non listed life insurance companies.

It is worth noting that China Post Insurance's investment in the technology sector has also attracted market attention. On July 27th, Changxin Technology, a leading domestic DRAM storage chip company, was officially listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and China Post Insurance was also included in the company's shareholder list. In the strategic placement stage of Changxin Technology's IPO, China Post Insurance made another move and was allocated approximately 11.5473 million shares, with a cumulative market value of over 10 billion yuan.

The growth of profits is accompanied by an improvement in the company's solvency adequacy ratio. As of the end of the first quarter, the core solvency adequacy ratio of China Post Insurance was 96.98%, and the comprehensive solvency adequacy ratio was 129.70%, both lower than the industry average. At the end of the second quarter, both indicators showed significant improvement. The core solvency adequacy ratio has risen to 115.30%, an increase of 18.32 percentage points from the end of the first quarter; The comprehensive solvency adequacy ratio has risen to 152.98%. The company's comprehensive risk rating results for the first quarter of 2026 and the fourth quarter of 2025 are both Class A.

Dividend insurance premiums are growing rapidly

In 2026, the domestic dividend based insurance industry will enter a critical stage of parallel deep competition and high-quality development. Against the backdrop of a sustained low interest rate environment, diversified demands for wealth management among residents, and continuous guidance from regulatory policies, dividend based insurance, with its dual advantages of "guaranteed returns+floating dividends," continues to occupy a core position in the life insurance market and has become an important lever for insurance companies to optimize product structure and reduce the risk of interest rate spread losses.

The product structure transformation of China Post Insurance continues to deepen. Data shows that in the first quarter of this year, the premium of China Post Insurance's long-term dividend insurance increased by 83% year-on-year, and the contribution of dividend insurance to the value of new business exceeded 40%. In the first half of the year, two dividend based life insurance products entered the top five sales products of the company, with a total signed premium of nearly 20 billion yuan.

The bank mail channel is still the company's basic business. As of the end of the second quarter, the company's signed premium reached 130.346 billion yuan, and the contribution rate of the bank insurance channel reached 97.41%.

In the first half of 2026, Li Xuejun, former General Manager of China Post Insurance, was promoted to the position of Party Secretary of the company. At the company's 2026 work symposium, Li Xuejun pointed out the direction for the company's next development. In Li Xuejun's view, the current industry iteration is accelerating, regulatory guidance is clear, opportunities and challenges are intertwined, advantages and weaknesses coexist. It is necessary to systematically benchmark and finely decompose from four dimensions: strategic alignment, development layout, market expansion, and business governance, and continuously break down the deep-seated obstacles that restrict high-quality development; We should base ourselves on the macro, industry, regulatory, and group trends, maintain strategic determination, enhance strategic confidence, and adhere to the strategy of being a first-class insurance company in the "7655" plan.

Li Xuejun stated that the second half of the year is a crucial window period for laying the foundation of the "15th Five Year Plan". We must anchor the "one hundred, ten thousand" struggle standard, and always follow the three principles of value orientation, long-term orientation, and stable and cautious management during the current and entire "15th Five Year Plan" period. We will systematically implement the development path of "light channels, light operations, light assets, and heavy services".

Specifically, we need to establish deep and light channels and build a new value co creation management system; Strengthen light operation and create a new paradigm of intensive and efficient management; Activate light assets and cultivate professional comprehensive investment and research capabilities; Provide excellent services and build a new ecosystem of warm and caring services for the people. At the same time, we need to optimize mechanism reform and technological empowerment, and continuously release new quality development momentum.

Against the backdrop of the industry's transition from scale driven to value driven, this newspaper will continue to monitor whether China Post Insurance can achieve a leap from "big" to "strong" on the hundred billion premium platform.