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PING AN Confident of Better Full-Yr NBV Growth; Impact from Overseas Policy Gain Tax on Company Nearly Zero
2026-08-21 13:06:13 Asked about China's taxation on gains from overseas insurance policies, PING AN (02318.HK) General Manager and Co-CEO Xie Yonglin said at the results briefing that the State Taxation Administration had earlier indicated that this is not a new policy. As Ping An's overseas policy business makes up a very small proportion, the impact on overall operations is nearly zero. The scope of the policy has so far not been stretched to cover domestic insurance gains. Xie viewed China's life insurance market is enormous with immense potential, and Ping An will develop diversified products in the future to cater customer demand. Regarding asset allocation, PING AN Co-CEO Guo Xiaotao said the company's asset allocation is balanced, with high-dividend stocks serving as a solid core holding. More than 70% of assets are fixed income investments, 20% are equity assets, and around 7% are alternative assets. He expressed confidence the group will achieve better growth in NBV for the full year. Ping An's interim DPS hiked 3.2% YoY. Fu Xin, Deputy General Manager and CFO of PING AN, commented that the company maintained stable operations in 1H26, with high-quality growth in core indicators, and confidence in the long-term stability of operating profit provides the best support for the dividend policy. ~ AASTOCKS Financial News Website: www.aastocks.com | |