On August 31, PICC P&C rose 5.44% in regular trading, trading at HKD 16.75/share, with turnover of HKD 209 million. The rally was driven by the company's robust interim results released on August 28, with core financial metrics hitting new highs since the implementation of new accounting standards.

PICC P&C reported first-half net profit of RMB 32.284 billion, up 32.0% year-over-year. Original insurance premium income reached RMB 327.529 billion, rising 1.3%, while insurance service revenue grew 2.2% to RMB 254.617 billion. Underwriting profit climbed 18.1% to RMB 15.376 billion, with the combined cost ratio improving by 0.8 percentage points to 94.0%. Total investment income surged 58.5% to RMB 27.359 billion. Notably, the accident and health insurance segment posted service revenue of RMB 35.251 billion, up 13.8%, with the combined cost ratio declining to 99.0%.

The strong results reflect the ongoing benefit of the industry-wide enforcement of premium-expense consistency regulations, which have driven fee ratios lower across both auto and non-auto insurance lines. Analysts have maintained buy ratings on the stock, citing its improving underwriting profitability and high-dividend yield characteristics.

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