China's five A-share listed insurance giants recorded net profits of CNY276.58bn ($41.47bn) in the first three quarters of this year, representing a year-on-year decrease of 35.08%.
Eighty-seven non-life insurers posted a combined business revenue of CNY1,401.29bn ($209.9bn) for the first three quarters, according to data compiled from their financial reports submitted to date.
Eighty-seven non-life insurers that had lodged their third-quarter financial reports as of 3 November chalked up a combined net profit of CNY58.25bn ($8.71bn).
China's life insurance industry faced significant pressure on both the liability and asset sides in the third quarter of this year. Not only did insurance revenue decline by more than 5% year-on-year, but profits also fell sharply by more than 36% year on year with some companies even falling into red ink.
Seventy-two life insurance companies have reported a combined insurance revenue of CNY3.18tn ($475.4bn), representing a year-on-year increase of 2.34%, according to financial reports filed by these insurers.
China's domestic commercial health insurance market continued to expand at a relatively slow pace, with the sector recording cumulative premium income of CNY866.5bn ($130bn) for the first three quarters of this year, representing a modest year-on-year increase of 2.82%.
The latest research value for the predetermined interest rate of insurance products has been announced, and it indicates that life insurance products will not see an interest rate cut this year.
The National Healthcare Security Administration (NHSA) has released an explanatory guide to the "Statement for Individuals on Settlement of Expenses by Long-Term Care Insurance Funds", clarifying how nursing service expenses should be recorded and how costs should be shared between the long-term care (LTC) insurance fund and individuals.
Shanghai, China's business hub and most populous city, is using digital tools to step up its disaster preparedness, including emergency responses, to better protect its population from natural hazards.
Shanghai authorities have jointly started a pilot programme for domestic insurance institutions to invest their inward cross-border reinsurance funds abroad. The launch took place during the opening ceremony of the 2026 Shanghai International Reinsurance Conference on 28 October.