On October 27th, Ping An Insurance (601318.SH) disclosed that in the first three quarters of 2021, it had realized operating income of 904.629 billion yuan, and realized operating profit attributable to the shareholders of the parent company.1187.37100 million yuan, an increase over the same period last year长9.2%Annualized operationROE 达20.3%，The business performance is steady.
Customer business performance continues to grow. By the end of September 2021, the number of Ping an individual customers exceeded 225 million, an increase of 3.1% over the beginning of the year. Among them, the number of individual customers holding contracts with multiple subsidiaries was 87.74 million, accounting for 39.0%. In the first three quarters of 2021, the comprehensive financial financing scale of group business increased by 29.5% compared with the same period last year.
Ping an Life Insurance unswervingly promotes the transformation of high-quality development and continues to upgrade temperature insurance products. The agent team is delaminated and refined, the team structure is constantly optimized, and the diamond team maintains a stable situation in the third quarter. In September, 2021, the "safe enjoy RUN Health Service Plan" was heavily upgraded, relying on the Group's medical and health ecosystem to create a "worry-saving, time-saving and money-saving" health service experience for customers.
Property insurance business maintains good business quality. In the first three quarters of 2021, the comprehensive cost rate of Ping an property insurance was optimized by 1.8 percentage points to 97.3% compared with the same period last year, and operating profit increased by 20.2% to 13.283 billion yuan. Ping an property Insurance made every effort to deal with the torrential rain in Henan and practiced the call of "full compensation, early compensation and quick compensation". It is estimated that the total amount of flood compensation will exceed 3.4 billion yuan; at the same time, it will provide exclusive insurance protection to front-line rescue workers free of charge for the first time.
The banking business has grown steadily, and the asset quality has been continuously optimized. In the first three quarters of 2021, Ping an Bank achieved operating income of 127.19 billion yuan, an increase of 9.1% over the same period last year, and net profit of 29.135 billion yuan, an increase of 30.1% over the same period last year. By the end of September 2021, the non-performing loan ratio was 1.05%, down 0.13 percentage points from the beginning of the year, and the provision coverage ratio was 268.35%, up 66.95 percentage points from the beginning of the year.
Scientific and technological capabilities continue to deepen, enabling the development of the main industry. By the end of September 2021, the number of science and technology patent applications increased by 5423 compared with the beginning of the year, totaling 36835. Ping an uses leading technology to comprehensively improve the end-to-end service level of its core financial business, with about 1.54 billion Ping an AI seats in the first three quarters of 2021.
We will comprehensively deepen the work of green finance and promote the sustainable development of society. As of September 30, 2021, the scale of green investment in Ping an has reached 208.886 billion yuan, the scale of green credit has reached 53.278 billion yuan, and the green insurance premium in the first three quarters has reached 25.109 billion yuan. At the same time, Ping an effectively linked the achievements of poverty alleviation with rural revitalization, and continued to promote the "three villages Project" project. by the end of September 2021, it had provided a total of 37.583 billion yuan in aid to poverty alleviation and industrial revitalization; won the 11th "China Charity Award", the third "Capital Charity Award" and other honors.