PINGAN CHINA ANNOUNCED UNAUDITED RESULTS FOR THE FIRST QUARTER OF 2024, SHOWING THAT THE OVERALL PERFORMANCE OF THE COMPANY AND ITS SUBSIDIARIES IS STABLE AND THE CORE BUSINESS HAS RESUMED GROWTH. During the reporting period, Ping'an achieved operating profit attributable to its parent shareholders of $387.09 billion, down 3.0% year-on-year; net profit of $367.09 million, down 4.3% year-on-year. The life and health insurance, property insurance and banking businesses all grew, with the value of new business in life insurance and health insurance growing by 20.7% year-on-year, property insurance services revenue growing by 5.7%, and Ping An Bank's net profit growing by 2.3% year-on-year. In addition, the company's integrated financial business continued to deepen with 2.34 million individual customers...Show More

PINGAN CHINA ANNOUNCED UNAUDITED RESULTS FOR THE FIRST QUARTER OF 2024, SHOWING THAT THE OVERALL PERFORMANCE OF THE COMPANY AND ITS SUBSIDIARIES IS STABLE AND THE CORE BUSINESS HAS RESUMED GROWTH. During the reporting period, Ping'an achieved operating profit attributable to its parent shareholders of $387.09 billion, down 3.0% year-on-year; net profit of $367.09 million, down 4.3% year-on-year. The life and health insurance, property insurance and banking businesses all grew, with the value of new business in life insurance and health insurance growing by 20.7% year-on-year, property insurance services revenue growing by 5.7%, and Ping An Bank's net profit growing by 2.3% year-on-year. In addition, the company's integrated financial business continued to deepen with 2.34 million individual customers, an increase of 1.0% year-on-year. The healthcare strategy continues to fall into place, and Ping'an has achieved 100% cooperative coverage of 100 hospitals and Tri-A hospitals in the country through the integration of suppliers. The company is committed to social responsibility, serving green development, rural revitalization, and receiving a Morning Star Sustainalytics ESG rating of “Low Risk”.