Ping An Reports Steady Growth in Operating Profit, Robust Increases in Net Profit and Life & Health NBV in 9M 2024 | PR Newswire [Video]

, /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, or the “Group”, HKEX: 2318 / 82318; SSE: 601318) today announced its results for the nine months ended September 30, 2024. 

In the first nine months of 2024, China’s economy remained generally stable as it pursued high-quality development amidst short-term challenges including economic restructuring, lackluster growth momentum, and increasing external uncertainties. Ping An achieved steady growth with strong resilience in overall business performance by adhering to its core financial businesses, strengthening its “integrated finance + health and senior care” strategy under a customer-centric approach, and delivering “worry-free, time-saving, and money-saving” service experience.

The Group delivered a 15.9% annualized operating return on equity (ROE), with operating profit and net profit attributable to shareholders of the parent company rising 5.5% and 36.1% year on year to RMB113,818 million and RMB119,182 million respectively in the first nine months of 2024. Revenue increased 8.7% year on year to RMB861,817 million…