China Taiping Insurance Holdings (China Taiping) released unaudited solvency snapshots for its four mainland insurance units—Taiping Life, Taiping General Insurance, Taiping Pension and Taiping Reinsurance (China)—covering the quarter ended 31 March 2026. All entities reported solvency ratios comfortably above the regulatory minimums stipulated under C-ROSS II, underscoring solid capital positions despite a mixed earnings performance.

Taiping Life Insurance • Insurance income reached RMB63.04 billion for the quarter. • Net profit amounted to RMB3.17 billion, while net assets stood at RMB103.65 billion. • Available capital was RMB261.45 billion against minimum capital of RMB116.58 billion, producing a comprehensive solvency ratio of 224% (down from 230% at end-2025) and a core solvency ratio of 134% (previously 143%). • New business value came in at RMB3.72 billion and investment yield was 0.98%.

Taiping General Insurance • Generated RMB9.94 billion in premium income and RMB244.96 million in net profit; net assets totalled RMB10.60 billion. • Combined ratio was 98.76%. • Comprehensive solvency ratio improved to 244% from 236%, while the core solvency ratio rose to 179% from 170%. Available capital reached RMB13.19 billion versus minimum capital of RMB5.40 billion.

Taiping Pension • Premium income was RMB0.84 billion with net profit of RMB33.97 million; net assets were RMB5.98 billion. • Comprehensive solvency ratio stood at 210% (down slightly from 215% at end-2025); core solvency ratio was 157%. • Available capital of RMB6.63 billion exceeded the minimum capital requirement of RMB3.16 billion by more than double.

Taiping Reinsurance (China) • Recorded RMB2.34 billion in premium income and a net loss of RMB41.69 million; net assets amounted to RMB3.06 billion. • Combined ratio was 98.89%. • Despite the loss, the unit maintained a comprehensive solvency ratio of 244% (down from 264%) and a core solvency ratio of 134%, supported by RMB4.50 billion in available capital against RMB1.84 billion in minimum capital.

Regulatory context Under the National Financial Regulatory Administration’s C-ROSS II framework, PRC insurers must keep core and comprehensive solvency ratios at or above 50% and 100%, respectively. All four China Taiping subsidiaries remain well above these thresholds, indicating continued capital adequacy through the first quarter of 2026.

The disclosed figures are based on preliminary, unaudited data and were compiled under the relevant Accounting Standards for Business Enterprises as specified in the announcement.