Ping An Ins Group Co China Ltd - PNGAY STOCK NEWS

Ping An Insurance Group co-hosted a Digital Finance sub-forum at the World Internet Conference Asia-Pacific Summit 2025 in Hong Kong. The company showcased its comprehensive digital transformation strategy through data-driven operations, management, and business.

Key highlights include:

• A technology team of 21,000+ developers and 3,000+ scientists
• 55,080 patent applications, ranking first globally in fintech and healthcare patents
• AI service representatives handling over 1.5 billion customer interactions (80% of total volume)
• AI-powered medical system with 99% accuracy in triage and 95% in diagnosis
• OneConnect serving 100% of state-owned banks and 99% of city commercial banks
• PAObank achieving 40% YoY improvement in credit risk identification and 25% YoY reduction in operating costs

Ping An Insurance Group has released its 16th consecutive Sustainability Report 2024, highlighting two major themes: Public Welfare Education and 'Worry-free, Time-saving and Money-saving' services. The report showcases significant achievements in education initiatives marking their 30th anniversary, with the Group having built 119 Hope Primary Schools and recruited 12,708 volunteer teachers contributing over 443,000 teaching hours.

Key financial highlights include:

• Operating profit of RMB121,862 million (up 9.1% YoY)
• Net profit of RMB126,607 million (up 47.8% YoY)
• Total revenue of RMB1,141,346 million (up 10.6% YoY)
• Cash dividend of RMB2.55 per share (5% increase)

The company serves 242 million retail customers with an average of 2.92 contracts per customer. Notable sustainability achievements include reduced carbon emissions by 8% YoY, green insurance premium income reaching RMB58,608 million (up 57% YoY), and maintaining an AA rating in MSCI ESG assessment.

Ping An Insurance Group reported strong financial results for 2024, with operating profit attributable to shareholders increasing 9.1% YoY to RMB121,862 million and net profit surging 47.8% YoY to RMB126,607 million. Revenue grew 10.6% to RMB1,141,346 million.

Key highlights include:

• Cash dividend increased for the 13th consecutive year to RMB2.55 per share
• Retail customers grew 4.7% to 242 million
• Life & Health NBV rose 28.8% YoY
• Insurance funds investment portfolio expanded 21.4% to RMB5.73 trillion
• Comprehensive investment yield reached 5.8%, up 2.2 percentage points

The company strengthened its 'integrated finance + health and senior care' strategy, with nearly 63% of retail customers entitled to health ecosystem benefits. Ping An's technology capabilities expanded with 55,080 patent applications filed, supporting AI-driven services across 85 business scenarios.

Ping An P&C, a subsidiary of Ping An Insurance Group, has partnered with FAW Hongqi to launch Hongqi Intelligent Driving Protection Services, introducing innovative insurance solutions for intelligent vehicles. The service covers eight high-frequency scenarios in intelligent driving assistance, including automated parking, remote control parking, and various cruise control features.

The collaboration marks Ping An P&C's first intelligent driving protection service with FAW Hongqi, focusing on building a risk database and optimizing protection solutions. A notable example includes customized compensation for the Hongqi Tian Gong 08's ultra-low-temperature battery cell technology, covering power battery failures in low temperatures.

Previously, in November 2024, Ping An P&C partnered with Seres Automobile for similar intelligent driving protection services. The company serves 240 million retail customers and manages over RMB12 trillion in total assets as of September 2024.

Ping An Insurance has maintained its position as the world's most valuable insurance brand for the ninth consecutive year, with a brand value of $33.6 billion according to Brand Finance's Insurance 100 2025 ranking. The company reported strong financial performance in the first three quarters of 2024, with operating profit reaching RMB113.82 billion, up 5.5% year-over-year, and operating revenue of RMB775.38 billion, increasing 10.0%.

The company's core businesses showed sustained growth, with new business value in life and health insurance up 34.1% YoY to RMB35.16 billion. Ping An's technological advancement is evident in its team of over 21,000 developers and 3,000 scientists, with 53,521 patent applications. The company's AI capabilities have significantly improved operational efficiency, with AI service representatives handling 1.34 billion customer interactions and 93% of life insurance policies being underwritten in seconds.

Ping An Insurance Group has achieved a significant milestone by ranking first in global patents for both healthcare and fintech sectors, according to recent reports from the Intellectual Property Publishing House. The company holds 8,582 fintech patents, representing over 2% of the industry's total, and 4,176 healthcare patents, leading among global patentees.

The company demonstrates particular strength in core business areas, including risk prevention (1,078 patents), smart customer service, and insurance claims. In healthcare, Ping An leads in medical image processing, healthcare and senior care, and smart consultation technologies.

Notable operational achievements include:

• Over 21,000 technology developers and 3,000 scientists
• 53,521 total patent applications
• 1.34 billion AI customer service interactions in Q1-Q3 2024
• 93% of insurance policies underwritten within seconds
• Average claim processing time of 7.4 minutes
• 99% accuracy in medical triage

Ping An Insurance Group (HKEX: 2318; SSE: 601318) has launched its 2025 Spring Campus Recruitment campaign, offering over 2,000 positions across eight major categories. The company has implemented its self-developed 'Ping An Talent' AI recruitment system, which features AI-driven job matching, interviews, and salary negotiation capabilities.

The system utilizes natural language processing and machine learning for resume screening, evaluates candidates through facial expressions and speech analysis during AI interviews, and conducts smart salary discussions. The positions span across business, investment & financing, technology, product, operations, and other functions, with significant opportunities in AI, big data, and algorithms at subsidiaries including Ping An Technology and Ping An Health Insurance.

Ping An Group, with over RMB12 trillion in total assets as of September 2024, ranks 29th in Forbes Global 2000 and 53rd in Fortune Global 500 for 2024. The company serves 240 million retail customers through its technology-driven integrated finance, health, and senior care services strategy.

Ping An Bank, a subsidiary of Ping An Insurance Group (HKEX: 2318), has provided a RMB2.3 billion (USD 322 million) loan to Yulin Chemical to support its Coal Clean and Efficient Conversion Demonstration Project. The project, listed in the National Development and Reform Commission's 2024 Catalogue, aims to promote cleaner coal processing and align with China's low-carbon goals.

Since June 2022, Ping An Bank has provided a total of RMB3.44 billion (USD 481.6 million) in loans to the project. This initiative supports China's 'dual carbon' goals to peak carbon emissions by 2030 and achieve carbon neutrality before 2060. In the first three quarters of 2024, Ping An's green insurance premium income reached RMB37.34 billion. As of June 2024, the company's green investment of insurance funds and green loan balance stood at RMB124.88 billion and RMB164.63 billion respectively.

Ping An Insurance Group has achieved an upgrade to AA in its MSCI ESG rating, maintaining its position as the top-ranked Multi-Line Insurance & Brokerage company in Asia-Pacific for the third consecutive year. The upgrade reflects the company's excellence in talent management, inclusive finance, and data protection.

The company outperforms industry averages in five key areas: human capital development, privacy & data security, financing environmental impact, responsible investment, and climate change vulnerability. Ping An's strategy focuses on technology-driven integrated finance plus healthcare and senior care services, serving 240 million retail customers with total assets exceeding RMB12 trillion as of September 2024.

The company maintains a strong commitment to sustainable development, incorporating ESG principles into its corporate strategy through a scientific sustainability management system and transparent governance structure.