HONG KONG and SHANGHAI, Jan. 20, 2023 /PRNewswire/ — Ping An Insurance (Group) Company a Republic of ChinaLtd. (“Ping An” or “Part”, HKEx:2318; SSE:601318) published as Ping An has been ranked the World’s Best Insurance Brand for the seventh consecutive year by leading marketing consultancy Brand Finance. Ping Anwith an index value of US$47.7 billion30th place in the most important world and 5th in Global Financial Enterprises.
Deepening Money + Health Tips for Constantly Growing Income
In 2022, in the midst of the global economic crisis and the COVID-19 crisis in Republic of China, Ping An press forward and Ping A Life’s reform and changen. E continue to strengthen the quality of integrated financial services and build the organization of health care “practice management” to give customers a “free, time-saving, and money-saving” experience.
In the first nine months of 2022, Ping An delivered a 19.9% annual return on equity (ROE), with operating profit attributable to the company’s shareholders up 3.8% year over year. RMB123,288 million. The parent company’s return on equity decreased by 6.3% year over year. RMB76,463 million.
Drive advanced development from innovation and innovation
It’s Ping An Retail sales increased 2.6% in the first nine months of 2022 to nearly 228 million as September 30, 2022. Contracts for the consumer rose 1.7% year to date to 2.96. Ping A Life continued to advance the transformation of “product + channel” in the first three quarters of 2022, resulting in more than 22% year-on-year growth in new business value (NBV) for the agent and 17.4% year-over-year growth in performance. profits of the life and health insurance industry, i RMB86,486 million. Ping An Property and Casualty’s revenue increased 11.4% year over year RMB222,024 million but the combined rate remained healthy at 97.9%. Ping An Bank revenue growth 8.7% year-on-year c RMB138,265 million and profits increased by 25.8% year over year RMB36,659 million.
Natural health plans in addition to the financial industry
Ping An has responded to the government’s “Healthy China” plan by establishing a global health organization. The health services environment integrates well with existing financial businesses. Ping An work as a player to provide “online, in-store, and home delivery” one-stop healthcare services to customers. As the end of September 2022more than 146 million consumers have used the services provided by It’s Ping An natural health. Almost 16.5 million life insurance customers have used “insurance + health management”, with a satisfaction rate of 99%. Inside December 2022, Ping An launched a free online consultation service for disease prevention, serving 15 local government agencies and establishing prevention measures diseases and medicine supplies, and more than 3 million consultations daily on the platform. By the end of 2022, It’s Ping An Natural Health has partnered with more than 3,000 hospitals and 208,000 pharmacies to offer one-hour drug delivery in over 150 cities, 24-hour, seven-day-a-week drug delivery service in 80 cities. and partners with more than 100,000 health services.
Continue to promote sustainability and green finance
Ping An has integrated the core philosophy of environmental, social and governance (ESG) into its corporate governance and plays a strong role in implementing sustainability. It received an A in the MSCI ESG Ratings, ranking first in multi-line insurance & domestic business. Asia Pacific. Like September 30, 2022, It’s Ping An green investment and financing are approx RMB319.8 billion, and its entire green banking business RMB184.2 billion. It is about the amount of special income of environmentally sustainable insurance products RMB110.5 billion in the first nine months of 2022.
Ping An continues to innovate in its green finance products and services. In 2022, Ping An Bank was opened Republic of China first debit-cum-credit carbon account, Low Carbon Home and Ping P&C is the first in the insurance industry to provide “Land + Ocean” insurance services. Ping An rural areas are also being developed. Like December 30, 2022, It’s Ping An investment in rural rehabilitation is more than RMB65 billion.
Ping An place great importance on customer-oriented methods. It aims to fulfill people’s needs for a better life and consumers’ needs for integrated financial and healthcare services. Among these priorities, Ping An achieving the long-term, balanced, outstanding and sustainable development of the Group, while creating ever-increasing value to customers, employees, shareholders and society.
About Ping An Group
Ping An Insurance (Part) Company a Republic of ChinaLtd. (“Ping An“) strives to be the world’s leading financial services provider with nearly 228 million customers, Ping An is one of the largest financial services companies in the world. Ping An adopt smart digital transformations and use technology to improve the quality and efficiency of its financial operations and improve risk management. The Company believes “Expertise Creates Value” and “Expertise Makes Life Easier”. Ping An develop integrated financial + health services and build the organization of “financial + nursing” and “financial + health” institutions to provide professional services “financial counseling, family medicine, and elderly care” services. Like Republic of China first mutual insurance company, Ping An is committed to maintaining high standards of corporate reporting and corporate governance. The Division is listed on the trade in Hong Kong and Shanghai. Ping An 17th place in the Forbes Global 2000 list in 2022 and 25th place in the Fortune Global 500 list in 2022.
SOURCE Ping An Insurance (Group) Company a Republic of ChinaLtd.