Guosen Securities Research Reports point out that Ping An Insurance (601318.SH) is one of the most comprehensive Financial Conglomerates in China, holding the most complete financial licenses and having the widest business scope. As of the end of the third quarter of 2024, the company achieved revenue of 775.38 billion yuan, a year-on-year increase of 9.99%; it achieved a Net income of 119.18 billion yuan, a year-on-year increase of 36.09%. Both revenue and Net income rank first among listed insurance companies, demonstrating strong comprehensive strength. Ping An Insurance adheres to the strategic layout of "Comprehensive Finance + Medical Retirement", continuously promoting the resilience of liability-side business development. The company's EPS for the years 2024 to 2026 is expected to be 5.98/6.55/7.54 yuan/share, with the current stock price corresponding to a P/EV ratio of 0.63/0.59/0.54, corresponding to a Target Price of 69.99 to 75.68 yuan/share. There is still an upside potential of 23% to 33%, giving an initial coverage rating of "Outperform the Market."