February 2, 2023
/PRNewswire/ — Ping An Insurance Company (Group) of
” or the “Group”, HKEx:2318; SSE:601318) announced that
was ranked the world’s most valuable insurance brand for the seventh consecutive year by brand valuation consultancy Brand Finance.
with a brand value of
billion, ranked 30th among the world’s most valuable brands and 5th among global financial companies.
Deepening of the Finance + Health strategy for steady growth in operating profit
In 2022, amid continued turmoil in the global economic environment and recurring cases of COVID in
pressed forward with
Ping An Life’s
quality-oriented reform and transformation It continued to strengthen the advantages of integrated financial services and built the “managed care model” of the health maintenance organization to provide customers with a “worry-free, earning” experience. time and money”.
In the first nine months of 2022,
delivered an annualized operating return on equity (ROE) of 19.9%, with operating income attributable to parent company shareholders up 3.8% year-on-year to reach
123,288 million RMB
. Net income attributable to parent company shareholders decreased 6.3% year-on-year to
76,463 million RMB
Stimulating high-quality development through reform and innovation
retail customers increased by 2.6% in the first nine months of 2022 to reach nearly 228 million in
September 30, 2022
. Contracts per customer rose 1.7% year-to-date to 2.96.
Ping a life
continued to advance its “product+channel” reform in the first three quarters of 2022, driving more than 22% year-on-year growth in new business value (NBV) per agent and growth of 17.4 % over one year of operating profit from the personal insurance business,
86,486 million RMB
. Ping An Damage’s revenue increased 11.4% year-on-year to reach
222,024 million RMB
while the combined ratio remained healthy at 97.9%.
Ping An Bank
revenue increased 8.7% year-on-year to
138,265 million RMB
and net profit increased 25.8% year-on-year to reach
36,659 million RMB
Advanced Healthcare Ecosystem Strategy to Complement Financial Business
responded to the government’s “Healthy China” strategy by establishing a world-leading health service ecosystem. The ecosystem seamlessly combines differentiated health services with financial activities in which
act as an actor to provide customers with one-stop health services “online, in-store and delivered to homes”. From the end of
more than 146 million retail customers had used the services provided by
health ecosystem. Nearly 16.5 million life insurance customers have used the “insurance + health management” services, with an overall satisfaction rate of 99%. In
launched a 24-hour free online consultation service for pandemic prevention, serving 15 local government service platforms and securing pandemic prevention materials and drug supplies, with more than 3 million consultations daily on the platform. At the end of 2022,
The healthcare ecosystem has partnered with over 3,000 hospitals and 208,000 pharmacies to offer one-hour medication delivery to over 150 cities, 24/7 medication delivery services in 80 cities and has partnered with more than 100,000 health service providers.
Continued promotion of sustainability and green finance
has integrated fundamental environmental, social and corporate governance (ESG) philosophies and standards into its business management and has played an active role in achieving sustainability. It received an A in the MSCI ESG ratings, ranking first in the insurance and multi-line brokerage sector in
. Of the
September 30, 2022
green investments and financing totaled approximately
.8 billion, and its green banking business totaled
184.2 billion RMB
. Premium income from environmentally sustainable insurance products amounts to approx.
110.5 billion RMB
in the first nine months of 2022.
continues to innovate in its green finance products and services. In 2022, Ping An Bank launched
first debit-credit carbon account, Low Carbon Home and Ping An P&C was the first in the insurance industry to provide “Land + Ocean” carbon sink insurance services.
also actively promoted rural revitalization. Of the
December 30, 2022
investments in rural revitalization totaled more than
65 billion RMB
attaches great importance to customer-oriented approaches. It is committed to fulfilling people’s aspirations for a better life and clients’ needs for high quality integrated financial and health services. With these priorities,
achieves sustainable, balanced, exceptional and sustainable development of the Group, while creating ever-increasing value for customers, employees, shareholders, etc.
in the Ping An group
Ping An Insurance Company (Group)
“) aims to become a world leader in retail financial services. With nearly 228 million retail customers,
is one of the largest financial services companies in the world.
advances intelligent digital transformation and uses technologies to improve the quality and efficiency of its financial activities and improve risk management. The company believes that “expertise creates value” and “expertise makes life simple”.
develops the “integrated finance + health” service system and builds the “finance + elderly care” and “finance + health” industrial ecosystems to provide professional services of “financial consulting, family doctor and concierge services to the elderly”. As
first stock insurance company,
is committed to the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchange in
ranked 17th in the Forbes Global 2000 list in 2022 and ranked 25th in the Fortune Global 500 list in 2022.
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