Galaxy Securities: China’s Insurance Premium Income Fell 1.49% YoY in May 2026

China’s insurance industry generated RMB 457.8 billion in original insurance premium income in May 2026, down 1.49% year on year, with Galaxy Securities attributing the decline partly to a high base a year earlier driven by “rush-to-buy” sales, according to 36Kr. Life and health insurance premiums totaled RMB 343.3 billion, down 2.12%, including life insurance premiums of RMB 259.9 billion (-2.78%), health insurance premiums of RMB 75.8 billion (+0.07%), and accident insurance premiums of RMB 7.5 billion (-0.91%). Property insurance premiums came in at RMB 114.6 billion, up 0.46%, with auto insurance premiums at RMB 75.3 billion (flat) and non-auto premiums at RMB 39.3 billion (+1.34%).