The 2026 first-quarter solvency reports of China's life insurers indicate that the sector has largely successfully navigated the full implementation of solvency requirements under the China Risk-Oriented Solvency System (C-ROSS) Phase II.
The P&C insurance market as a whole chalked up increased revenue but lower profits in the first quarter of this year, according to an analysis of their 1Q2026 solvency reports.
The 60 unlisted life insurance companies in China that have released their first-quarter solvency reports as of 7 May, reported a combined net profit of CNY18.37bn ($2.71bn), representing a year-on-year increase of 7.7% and total insurance revenue of CNY628.80bn, a year-on-year increase of 13.7%.
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