Summary by Futu AI
Ping An Insurance (Group) Co., Ltd. ("Ping An") announced the unaudited performance for the nine months ended September 30, 2024. Amid challenges of structural adjustments and external uncertainties in the economy, Ping An's overall operation remained resilient, achieving steady growth. The new business value of life insurance and health insurance business reached 35.16 billion yuan, a year-on-year increase of 34.1%, while the new business value of the silver insurance channel increased by 68.5% year-on-year. The net profit attributable to the shareholders of the parent company of the Group reached 119.182 billion yuan, a significant year-on-year increase of 36.1%. Revenue reached 861.817 billion yuan, up 8.7% year-on-year. Ping An's comprehensive financial model continues to deepen, with 0.24 billion individual customers, contributing actively to green development and rural revitalization through projects like the 'Three Villages Project.' Ping An's asset management scale exceeded 7.9 trillion yuan, and significant progress has been made in technology innovation, continuously improving service efficiency and risk control capabilities.