In the first quarter of 2026, the insurance industry achieved a premium income of 2.31 trillion yuan, a year-on-year increase of 6.2%.

On April 27, the China Insurance Industry Association held its first regular press conference of 2026. Fang Yong, a member of the Party Committee and Deputy Secretary-General of the China Insurance Industry Association, introduced that in the first quarter of 2026, the insurance industry achieved premium income of 2.31 trillion yuan, a year-on-year increase of 6.2%; claims expenditures were 0.89 trillion yuan, a year-on-year increase of 7.5%. Specifically, in the first quarter, property insurance companies achieved premium income of 530.2 billion yuan, a year-on-year increase of 2.9%; claims expenses were 258.2 billion yuan, a year-on-year increase of 3.4%. Life insurance companies achieved premium income of 1.78 trillion yuan, a year-on-year increase of 7.3%; claims and benefits paid were 631.1 billion yuan, a year-on-year increase of 9.3%. According to industry exchange data submitted by member units of the China Insurance Industry Association, preliminary statistics show that in the first quarter of 2026, foreign insurance companies achieved premium income of approximately 212.6 billion yuan, a year-on-year increase of 12.5%. Fang Yong stated that it is expected that the insurance industry will maintain steady development in 2026, with growth rates synchronized with economic and social development, and the effects of doing well in the "Five Major Financial Articles" will be further demonstrated.