Summary by Moomoo AI
Ping An Insurance (Group) Co. of China, Ltd. ('Ping An') announced its unaudited performance for the nine months ended September 30, 2024. Despite the challenges of structural adjustments and external uncertainties facing the economy, Ping An's overall operations have remained resilient, achieving steady growth. New business value of life and health insurance business reached 35.16 billion yuan, a year-on-year increase of 34.1%, while the new business value of the bank-insurance channel increased by 68.5% year-on-year. The Group's net profit attributable to shareholders of the parent company reached 119.182 billion yuan, a significant increase of 36.1% year-on-year. Revenue reached 861.817 billion yuan, an 8.7% year-on-year growth. Ping An's comprehensive financial model continues to deepen, with 0.24 billion individual customers actively contributing to green development and rural revitalization through social responsibility projects like the 'Three Villages Project.' Ping An's asset management scale exceeds 7.9 trillion yuan, and significant progress has been made in technology innovation, continuously improving service efficiency and risk control capabilities.
