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Ping An Wins Sixth Director of the Year Award and Inaugural Climate Governance Award from the Hong Kong Institute of Directors

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Ping An Insurance Group has received both the Director of the Year Award and the inaugural Climate Governance Award for 2024 from the Hong Kong Institute of Directors. This marks the sixth Director of the Year Award for Ping An's Board, which consists of 15 directors with diverse expertise in insurance, banking, investment, and other fields. The company reported strong financial performance with operating profit reaching RMB113.82 billion in the first three quarters of 2024, up 5.5% year-on-year. Ping An's retail customer base grew to 240 million, with improved retention rates and cross-selling success. The company has also demonstrated leadership in ESG initiatives, pledging carbon neutrality by 2030 and maintaining high ratings in sustainability assessments.

Ping An Insurance Group ha ricevuto sia il premio Direttore dell'Anno che il premio inaugurale per la Governance Climatica per il 2024 dall'Istituto dei Direttori di Hong Kong. Questo segna il sesto premio come Direttore dell'Anno per il Consiglio di Ping An, che è composto da 15 direttori con una vasta esperienza nei settori dell'assicurazione, del banking, degli investimenti e altri ambiti. L'azienda ha riportato una forte performance finanziaria, con un profitto operativo che ha raggiunto RMB113,82 miliardi nei primi tre trimestri del 2024, in aumento del 5,5% rispetto all'anno precedente. La base clienti retail di Ping An è cresciuta a 240 milioni, con tassi di fidelizzazione migliorati e successo nelle vendite incrociate. L’azienda ha dimostrato anche leadership nelle iniziative ESG, impegnandosi per la neutralità carbonica entro il 2030 e mantenendo rating elevati nelle valutazioni di sostenibilità.

Ping An Insurance Group ha recibido tanto el premio de Director del Año como el primer premio de Gobernanza Climática para 2024 por parte del Instituto de Directores de Hong Kong. Este es el sexto premio como Director del Año para la Junta de Ping An, que está compuesta por 15 directores con diversa experiencia en seguros, banca, inversión y otros campos. La compañía reportó un sólido rendimiento financiero con un beneficio operativo que alcanzó RMB113,82 mil millones en los primeros tres trimestres de 2024, un aumento del 5,5% interanual. La base de clientes minoristas de Ping An creció a 240 millones, con tasas de retención mejoradas y éxito en la venta cruzada. La empresa también ha mostrado liderazgo en iniciativas ESG, comprometiéndose a alcanzar la neutralidad de carbono para 2030 y manteniendo altas calificaciones en evaluaciones de sostenibilidad.

핑안 보험 그룹은 홍콩 이사 협회로부터 2024년 올해의 이사상과 첫 번째 기후 거버넌스 상을 수상했습니다. 이는 핑안 이사회에 대한 여섯 번째 올해의 이사상으로, 이사회는 보험, 은행업, 투자 및 기타 분야에서 다양한 전문성을 가진 15명의 이사로 구성되어 있습니다. 회사는 2024년 첫 세 분기 동안 운영 이익이 1138.2억 위안에 달하여 전년 대비 5.5% 증가했다고 보고했습니다. 핑안의 소매 고객 기반은 2억 4천만으로 증가했으며, 고객 유지율과 교차 판매 성공이 개선되었습니다. 이 회사는 또한 ESG 이니셔티브에서 지속 가능성 평가에서 높은 평가를 유지하며 2030년까지 탄소 중립을 다짐하는 리더십을 발휘했습니다.

Ping An Insurance Group a reçu à la fois le prix du Directeur de l'Année et le prix inaugural de la Gouvernance Climatique pour 2024 de l'Institut des Directeurs de Hong Kong. Cela marque le sixième prix du Directeur de l'Année pour le Conseil d'Administration de Ping An, qui est composé de 15 directeurs ayant une expertise variée dans les domaines de l'assurance, de la banque, de l'investissement et d'autres secteurs. La société a rapporté une performance financière solide, avec un bénéfice opérationnel atteignant RMB113,82 milliards au cours des trois premiers trimestres de 2024, soit une augmentation de 5,5 % par rapport à l'année précédente. La base de clients de détail de Ping An a atteint 240 millions, avec des taux de fidélisation améliorés et un succès dans la vente croisée. L'entreprise a également montré un leadership dans les initiatives ESG, s'engageant à atteindre la neutralité carbone d'ici 2030 et en maintenant des évaluations élevées dans les évaluations de durabilité.

Ping An Insurance Group hat sowohl den Direktor des Jahres als auch den inauguralen Klima-Governance-Preis für 2024 vom Hongkonger Institut der Direktoren erhalten. Dies markiert den sechsten Direktor des Jahres-Preis für Ping Ans Vorstand, der aus 15 Direktoren mit unterschiedlicher Expertise in Versicherung, Bankwesen, Investitionen und anderen Bereichen besteht. Das Unternehmen berichtete über eine starke finanzielle Performance, mit einem Betriebsgewinn von RMB113,82 Milliarden in den ersten drei Quartalen von 2024, was einem Anstieg von 5,5 % im Jahresvergleich entspricht. Pings Einzelhandelskundenbasis wuchs auf 240 Millionen, mit verbesserten Retentionsraten und Erfolgen beim Cross-Selling. Das Unternehmen hat auch Führungsqualitäten in ESG-Initiativen gezeigt, indem es sich für Klimaneutralität bis 2030 verpflichtet hat und hohe Bewertungen in Nachhaltigkeitsbewertungen aufrechterhält.

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HONG KONG and SHANGHAI, Nov. 28, 2024 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318/82318, SSE: 601318) received the Director of the Year Award and the Climate Governance Award for 2024 from the Hong Kong Institute of Directors (HKIoD) on November 28. This marks the sixth time Ping An's Board of Directors has received the Director of the Year Award. Ping An is also the first recipient of the inaugural Climate Governance Award.

From second left to right: Mr. Hung Ka Hai Clement (Independent Supervisor), Ms. Cai Xun (Non-Executive Director), Ms. Cai Fangfang (Executive Director), Mr. Liew Fui Kiang (Independent Supervisor), Mr. Ng Kong Ping Albert (Independent Non-executive Directors), Mr. Ng Sing Yip (Independent Non-executive Directors).

Since its establishment in 1988, Ping An has become one of the largest integrated financial, healthcare and senior care service providers in Mainland China. Ping An was nominated for the HKIoD awards for its diversified board of directors, dedicated to safeguarding the interests of the Company and all shareholders and promoting the Company's long-term, stable development.

Mr. Ng Sing Yip, Independent Non-executive Director, accepted the awards on behalf of Ping An's board. He said, "Ping An's success as a world-leading integrated financial, healthcare and senior care service provider is closely linked to its high standards of corporate governance and the trust of our stakeholders." The awards were also attended by Ms. Cai Fangfang, Executive Director and Senior Vice President, Ms. Cai Xun, Non-executive Director, Mr. Ng Kong Ping Albert, Independent Non-executive Director, Mr. Liew Fui Kiang, Independent Supervisor, and Mr. Hung Ka Hai Clement, Independent Supervisor, as representatives of the board and the Supervisory Committee.

Ping An's Board of Directors will continue to lead the Company's strategic planning, and participate in risk management, financial control, compliance, and internal control. The board will continue to enhance corporate governance and climate risk management capabilities, and grow value for stakeholders.

Ping An has long pursued a balanced and professional board structure. Ping An's 15 directors possess professional expertise in insurance, banking, investment, accounting, law, management, and technology, with extensive industry and operational experience. Ping An has six independent non-executive directors, who account for 40% of the Board, exceeding the industry average. In 2023, the board completed 26 training sessions covering corporate governance, environmental and climate impact, and sustainable development. Since the Company's listing, the board has conducted on-site inspections and reviews at grassroots level for 20 years, collecting opinions and suggestions from frontline employees and urging business units to continuously improve operational management.

Ping An's Board of Directors focuses on providing foresight and guidance of the Company's strategy for efficient implementation and high-quality business development. Under the leadership of the board, Ping An is promoting its "integrated finance + healthcare and senior care" strategy driven by technology. In the first three quarters of 2024, the Group's operating profit attributable to shareholders of the parent company reached RMB113.82 billion, representing a year-on-year increase of 5.5%, and revenue reached RMB775.38 billion, a year-on-year increase of 10.0%. Three core businesses – life and health insurance, property and casualty insurance and banking – maintained growth, with their combined operating profit attributable to shareholders of the parent company reaching RMB119.65 billion, a year-on-year increase of 5.7%.

Ping An continues to strengthen integrated finance, shifting from cross-selling to comprehensive customer management. As of September 30, 2024, the Group had 240 million retail customers, a year-to-date increase of 3.8%. Customer retention continued to improve, with 25.1% of customers holding four or more contracts within the Group, and a retention rate of 98.0%. The healthcare and senior care strategy continued to yield results, with the value of Ping An's differential advantages becoming more apparent. In the first three quarters of 2024, more than 19.5 million Ping An Life insurance customers used services in the healthcare and senior care ecosystem. Ping An's innovative integrated "medical care, nursing, housing, and entertainment" model has established industry standards and ecosystems for senior care services. The services cover 75 cities across China, with more than 150,000 customers entitled to home-based senior care services.

Ping An's Board of Directors oversees environmental, social and corporate governance (ESG) matters. It has built an efficient and collaborative long-term ESG governance mechanism, and promotes core practices such as climate governance and rural revitalization. Ping An pledges to achieve carbon neutrality across its operations by 2030, and has formulated short- and medium-term targets and roadmaps. In 2023, Ping An took the lead in launching China's insurance industry's first carbon account system covering all employees, recording each employee's low-carbon office behavior, daily low-carbon behavior, and carbon emission data to support climate governance. Ping An also promotes green finance. In the first three quarters of 2024, Ping An's green insurance premium income reached RMB37.34 billion.

Thanks to its outstanding performance in sustainable development, Ping An has received the highest ratings in multiple industry evaluations. Ping An has maintained an A rating in MSCI ESG Ratings for two consecutive years, ranking first in the multi-line insurance and brokerage industry in the Asia-Pacific region. It has been in S&P's Sustainability Yearbook (China Edition) for two consecutive years, the only insurance company from Mainland China on the list. Ping An also has a "low risk" rating with a score of 17.0 in Morningstar Sustainalytics ESG Ratings and a B rating in CDP (Carbon Disclosure Project) Ratings, the highest ratings in China's financial industry.

The HKIoD is Hong Kong's premier organization representing professional directors, with more than 2,000 members from senior management of Hong Kong-based companies and listed companies worldwide. Its Director of the Year Awards evaluate companies' performance in promoting development strategies, business strategies, and digital transformation at the board level. The Climate Governance Award, a newly launched award series in 2024, evaluates the performance of corporate boards in promoting sustainable development, climate governance and related information disclosure. The 2024 awards were co-organized by the Financial Services and the Treasury Bureau, the Securities and Futures Commission, and Hong Kong Exchanges and Clearing Limited.

Ping An will continue to adhere to responsible, high-standard corporate governance. Under the scientific and forward-looking guidance of the Board of Directors, Ping An will continue to deepen the "integrated finance + healthcare and senior care" strategy driven by technology, consolidate the advantages of integrated finance, promote its healthcare and senior care initiatives, advance digital transformation and pursue high-quality development. It is committed to creating greater value through stable growth for customers, employees, shareholders, and society.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services, Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of September 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 53rd in the Fortune Global 500 list in 2024. 

For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN.

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SOURCE Ping An Insurance (Group) Company of China, Ltd.

FAQ

What awards did Ping An (PNGAY) receive from the Hong Kong Institute of Directors in 2024?

Ping An received two awards in 2024: the Director of the Year Award (for the sixth time) and the inaugural Climate Governance Award from the Hong Kong Institute of Directors.

How much was Ping An's (PNGAY) operating profit in the first three quarters of 2024?

Ping An's operating profit attributable to shareholders reached RMB113.82 billion in the first three quarters of 2024, representing a 5.5% year-on-year increase.

What is Ping An's (PNGAY) carbon neutrality target?

Ping An has pledged to achieve carbon neutrality across its operations by 2030.

How many retail customers did Ping An (PNGAY) have as of September 30, 2024?

As of September 30, 2024, Ping An had 240 million retail customers, representing a 3.8% year-to-date increase.

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