What happened
At PICC's 2026 interim results conference, President Zhao Peng addressed the company's dividend strategy.
He stated that PICC has not considered using alternative metrics such as operating profit as the basis for dividends.
Zhao emphasized a dual focus: maintaining sustained and stable profit growth while delivering long-term, stable dividend increases, and noted that PICC will benchmark against industry peers to keep per-share dividends growing steadily.
He also said the company will actively research ways to optimize its dividend policy under new standards, aiming to keep its dividend yield at a reasonable industry level over the long term.
Why it matters
The remarks signal PICC's continued emphasis on shareholder returns, particularly the stability and growth of dividends, which is a key consideration for investors in insurance companies.
The reference to optimizing policy under new standards suggests the company is adapting its approach to changing accounting or regulatory frameworks, which could affect how dividends are calculated and distributed.
By aiming for a dividend yield in line with industry norms, PICC appears focused on maintaining competitiveness in investor appeal.
Key facts
The statement was made at PICC's 2026 interim results conference.
PICC has not considered using operating profit or similar alternative indicators as the basis for dividends.
PICC will adhere to the core strategy of long-term stable growth in per-share dividends.
PICC will research optimizing its dividend policy under new standards.
The company aims to keep its dividend yield at a reasonable industry level long-term.
What to watch next
Investors will look for concrete policy changes from PICC that reflect this stated commitment to stable dividend growth.
It remains to be seen how the company's dividend yield evolves relative to industry averages, particularly under the new standards referenced.