Summary by Futu AI
Ping An Insurance released its interim performance report for 2024 on August 22, 2024, showing stable performance in its core business and highlighting resilience. During the reporting period, the group's attributable operating profit to equity holders reached 78.5 billion RMB, a slight decrease of 0.6% year-on-year. The core businesses of life and health insurance, property insurance, and banking achieved growth, with a combined operating profit attributable to equity holders increasing by 1.7% year-on-year. The interim cash dividend per share was 0.93 RMB, maintaining stability. The new business value increased by 11.0% year-on-year, and the new business value margin increased by 6.5pps year-on-year. Ping An Bank's net profit increased by 1.9% year-on-year, and its core Tier 1 capital adequacy ratio...Show More