Ping An Insurance (Group) Co., Ltd. approved the mid-term report for 2024 on August 22, 2024 at the 13th Board of Directors meeting. The mid-term financial report has not been audited yet. The report shows that the company's total assets grew by 5.6% to 12,226,666 million RMB. The operating profit attributable to shareholders of the parent company slightly decreased by 0.6% to 78,482 million RMB. The mid-term cash dividend per share is 0.93 RMB. The life and health insurance business achieved a new business value of 22,320 million RMB, an increase of 11.0% year-on-year. The company's comprehensive solvency adequacy ratio reached 208.8%, far exceeding regulatory requirements. In terms of business operation, the company continues to serve the real economy, with accumulated investment of nearly 9.46 trillion...Show More

Ping An Insurance (Group) Co., Ltd. approved the mid-term report for 2024 on August 22, 2024 at the 13th Board of Directors meeting. The mid-term financial report has not been audited yet. The report shows that the company's total assets grew by 5.6% to 12,226,666 million RMB. The operating profit attributable to shareholders of the parent company slightly decreased by 0.6% to 78,482 million RMB. The mid-term cash dividend per share is 0.93 RMB. The life and health insurance business achieved a new business value of 22,320 million RMB, an increase of 11.0% year-on-year. The company's comprehensive solvency adequacy ratio reached 208.8%, far exceeding regulatory requirements. In terms of business operation, the company continues to serve the real economy, with accumulated investment of nearly 9.46 trillion RMB. It promotes the development of sustainable insurance products, and the premium income from sustainable insurance business reached 360,611 million RMB in the first half of the year. The medical and retirement ecosystem continues to expand, serving nearly 16 million customers in the first half of the year. In terms of sustainable development, Ping An is committed to supporting national strategies such as green finance and rural revitalization, actively providing financial services to small and micro enterprises and "new citizens", and focusing on sustainable insurance products in green industries, social welfare, and inclusive insurance. In terms of technology business, Ping An continues to enhance its leading technical capabilities, widely applied in financial services and ecosystem construction. Its technology businesses, including Lufax Holdings, OneConnect Financial Technology, Ping An Health, and Autohome, provide diversified products and services, making important contributions to the synergistic effect of the ecosystem. In terms of comprehensive financial strategy, Ping An's comprehensive financial strategy is driven by the growth in the number of individual customers, the average number of contracts per customer, and the average profit per customer. As of June 30, 2024, the company had 0.236 billion individual customers, with an average of 2.93 contracts per customer. The company's comprehensive financial model demonstrates lower customer acquisition costs, lower management and service costs, and higher customer retention rates compared to external channels.