Ping An Executive Highlights Strong New Energy Vehicle Insurance Market Position

Deep News
08/21

At the 2026 interim results conference held on August 21, Ping An's General Manager and Co-Chief Executive Officer Xie Yonglin revealed key operational metrics for the company's property and casualty insurance segment.

Xie noted that the overall combined operating ratio (COR) for the property insurance division stands at 95.1%. Remarkably, this represents a further improvement of 0.1 percentage points despite already operating at such a low level.

Regarding new energy vehicle insurance, Xie emphasized that approximately one in every four new energy vehicles in China is underwritten by Ping An. He added that the COR for this segment has demonstrated strong performance, generating profitability while maintaining a substantial market share.

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