Core Insights - The insurance sector experienced a slight decline of 0.13% on October 28, with Xinhua Insurance leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Insurance Sector Performance - China Pacific Insurance (601601) closed at 37.30, up 0.46% with a trading volume of 389,600 shares and a transaction value of 1.453 billion [1] - China Life Insurance (601628) closed at 45.10, up 0.09% with a trading volume of 141,200 shares and a transaction value of 634 million [1] - Ping An Insurance (601318) closed at 57.76, up 0.02% with a trading volume of 491,300 shares and a transaction value of 2.843 billion [1] - China Reinsurance (601319) closed at 8.79, down 1.01% with a trading volume of 588,200 shares and a transaction value of 518 million [1] - Xinhua Insurance (601336) closed at 69.02, down 1.29% with a trading volume of 167,600 shares and a transaction value of 1.15977 billion [1] Fund Flow Analysis - The insurance sector saw a net inflow of 115 million from institutional investors, while retail investors experienced a net outflow of 626.947 million [1] - Among individual stocks, Ping An Insurance had a net inflow of 175 million from institutional investors, but a net outflow of 90.5114 million from retail investors [2] - China Life Insurance had a net inflow of 12.908 million from institutional investors, with retail investors also experiencing a net outflow of 4.6734 million [2] - China Pacific Insurance had a net inflow of 3.2091 million from institutional investors, while retail investors faced a net outflow of 16.8047 million [2] - Xinhua Insurance had a net outflow of 44.6415 million from institutional investors, but a net inflow of 10.2975 million from retail investors [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 （債券證券代號：5131） 截至2025年9月30日止九個月的未經審計業績公告 中國平安保險（集團）股份有限公司（「平安」或「本公司」）董事會（「董事會」）謹此 宣佈本公司及其附屬公司（「本集團」）截至2025年9月30日止九個月期間（「報告 期」）的未經審計業績（「第三季度業績」）。本公司董事會及其轄下的審計與風險管 理委員會已審閱此第三季度業績。 （於中華人民共和國註冊成立之股份有限公司） 股份代號：2318（港幣櫃台）及82318（人民幣櫃台） 一、主要經營業績 （一）經營業績亮點 2025年前三季度，中國經濟穩中求進，內需潛力釋放、發展韌性增加。面對 複雜的外部環境，中國以高質量發展的確定性應對各種不確定性。公司堅守 金融主業，推動高質量發展，實現整體業績穩健增長。 1 • 集團整體經營顯著向好。2025年前三季度，集團實現歸屬於母公司股東 的營運利潤1,162.64億元，同比增長7.2%。歸屬 ...

Core Insights - The insurance industry in China is transitioning from a "post-compensation" model to a "full-process risk management" approach, emphasizing proactive risk management and reducing overall social risk costs [1][2][7] - China Ping An has introduced innovative insurance products, "Ping An Travel Safety Guardian Plan" and "Ping An 24 Global Guardian Plan," aimed at creating a comprehensive safety system and transforming insurance services from passive compensation to active risk management [1][5][7] Group 1: Industry Evolution - The insurance industry in China has evolved through several stages since the 1980s, moving from protecting property for the wealthy (Insurance 1.0) to becoming a wealth management tool (Insurance 2.0), and now to a focus on risk management and social value creation (Insurance 3.0) [2] - The ultimate value of the insurance industry lies in its ability to respond to social needs rather than merely focusing on scale or profit [2] Group 2: Product Innovations - "Ping An Travel Safety Guardian Plan" offers a comprehensive service system that includes prevention, rescue, compensation, and usage, aiming to reduce risks from the outset and provide timely assistance [3][4] - "Ping An 24 Global Guardian Plan" provides a one-stop service for overseas travelers, covering pre-travel, during travel, and post-incident support, with a focus on proactive risk management [5][6] Group 3: Performance Metrics - As of this year, "Ping An Travel" has served 42.9 million customers, processed over 3,500 claims, and provided more than 400 rescue services [4] - "Ping An 24" has successfully handled 426 overseas emergency rescue tasks in 2024, achieving zero complaints and serving over 6000 enterprises and 650,000 customers, with total compensation exceeding 220 million yuan [6]

Core Viewpoint - China Ping An's stock performance shows slight increase with a market capitalization of 1,045.9 billion yuan and a trading volume of 2.843 billion yuan on October 28 [1] Group 1: Dividend and Shareholding - The dividend yields for China Ping An over the past three years were 5.15%, 6.03%, and 4.84% respectively [2] - The top ten circulating shareholders include Central Huijin Asset Management Co., Ltd. and China Securities Finance Corporation [2] - Since its A-share listing, China Ping An has distributed a total of 391.904 billion yuan in dividends, with 134.54 billion yuan distributed in the last three years [7] Group 2: Business Overview - China Ping An Insurance (Group) Co., Ltd. was established on March 21, 1988, and listed on March 1, 2007, providing diversified financial services including insurance, banking, securities, and trust [6] - The revenue composition of the company includes life and health insurance (45.76%), property insurance (34.46%), banking (13.87%), asset management (5.27%), and financial empowerment (3.85%) [6] - The company has investments in several unicorn companies, including Lufax, Ping An Good Doctor, and a healthcare insurance company [2] Group 3: Financial Performance - As of June 30, 2025, China Ping An reported a net profit of 68.047 billion yuan, a year-on-year decrease of 8.81% [6] - The average trading cost of the stock is 51.49 yuan, with the current stock price near a support level of 57.74 yuan [5]

Core Insights - The event "Ping An Lecture Hall: New Paradigm of 'Prevention, Rescue, Compensation, and Use' in Insurance" highlighted the shift in the insurance industry from post-event compensation to comprehensive risk management [1][3] - Ping An has launched two innovative insurance products, "Ping An Travel Safety Guardian Plan" and "Ping An 24 Global Guardian Plan," aimed at transforming insurance services from passive compensation to proactive risk management [3][8] Group 1: Industry Transformation - The insurance industry in China is transitioning from "scale expansion" to "quality enhancement," focusing on risk co-governance and the essential value of insurance in addressing social needs [4][6] - The evolution of insurance from a mere financial product to a risk co-governance contract between the state and the people aims to create social value through effective risk management [4][6] Group 2: Product Innovations - "Ping An Travel Safety Guardian Plan" offers a full journey emergency rescue service system, emphasizing prevention, timely rescue, efficient compensation, and additional services like medical assistance [6][7] - "Ping An 24 Global Guardian Plan" provides a one-stop service for overseas travelers, covering pre-travel, during travel, and post-incident support, with a focus on proactive risk management [8][9] Group 3: Performance Metrics - "Ping An Travel Safety Guardian Plan" has served 42.9 million customers and processed over 3,500 claims, showcasing its effective response mechanism and comprehensive support [7] - "Ping An 24 Global Guardian Plan" has handled 426 overseas emergency rescue tasks in 2024, with a total compensation amount exceeding 220 million yuan, reflecting its operational efficiency and customer satisfaction [9]

Core Viewpoint - Major insurance companies are studying the spirit of the 20th National Congress and aim to implement the "five major articles" of finance to achieve long-term sustainable high-quality development in the industry [1][5]. Industry Development Potential - The 20th National Congress has outlined a blueprint for China's development over the next five years, emphasizing the broad development space for the insurance industry, which plays a crucial role in financial services and modern market economy [2][9]. - The insurance sector is expected to focus on its role as an "economic shock absorber" and "social stabilizer," supporting economic construction, social governance, and addressing the needs of small and micro enterprises [2][7]. Company Strategies - China Life is committed to deepening reforms and high-quality development, aligning with the spirit of the 20th National Congress to seize development opportunities and address risks [3][5]. - China Pacific Insurance aims to enhance its service capabilities and focus on the core functions of insurance to support national strategies and economic stability [3][7]. - New China Life Insurance is focusing on a customer-centric approach and aims to integrate insurance with investment and services to enhance its operational model [4][8]. Implementation of High-Quality Development - Insurance companies are translating the Congress's directives into actionable plans, focusing on their business positioning and resource allocation to ensure sustainable high-quality development [5][9]. - China Ping An emphasizes serving the real economy and enhancing financial services in key areas such as small and micro enterprises and healthcare [6][9]. - China Re is committed to supporting national strategies and enhancing its role in social welfare and economic stability through various insurance products [7][9]. Conclusion - Overall, major insurance companies are adopting clear strategies and practical measures to leverage their functional value, support national strategies, and drive their own high-quality development, thereby contributing to the high-quality development of China's economy and society [9].

2025年10月21日，国家金融监督管理总局山西监管局发布批复称，《平安人寿山西分公司关于中国平安 （601318）人寿保险股份有限公司太原市长治路支公司营业场所变更的请示》（平保寿晋分发〔2025〕 155号）收悉。经审核，现批复如下： 二、平安人寿山西分公司应按照有关规定及时办理变更及许可证换领事宜。 一、同意平安人寿山西分公司太原市长治路支公司将营业场所变更为：山西省太原市万柏林区晋祠路一 段8号中海国际中心B座37层01、02、03、06、07、08、09、10单元。 ...

Core Viewpoint - The National Financial Supervision Administration of Neijiang has approved the change of business location for China Ping An Life Insurance Co., Ltd. Zizhong Branch to a new address in Sichuan Province [1] Group 1 - The new business location for China Ping An Life Insurance Co., Ltd. Zizhong Branch is set to be: No. 202-207, Danzhu East Street, Shuinan Town, Zizhong County, Neijiang City, Sichuan Province [1] - The approval was issued in response to the request submitted by China Ping An Life Insurance Co., Ltd. regarding the change of its business premises [1] - The company is required to handle the change and obtain the necessary permits in accordance with relevant regulations [1]

Group 1 - The Guizhou Financial Regulatory Bureau approved the request from China Ping An Property & Casualty Insurance Company for the relocation of its Ping Tang branch [1] - The new business location for the Ping Tang branch is specified as part of the Xinzhu Commercial City Phase II, located in Xinzhou Village, Jinpen Street, Ping Tang County, Guizhou Province [1] - China Ping An Property & Casualty Insurance Company is required to handle the change and obtain the necessary permits in accordance with relevant regulations [1]

Core Viewpoint - The article highlights the role of Ping An Property & Casualty Insurance's Zhanjiang branch in promoting Zhanjiang seafood products in the southwestern market through financial support and collaboration with local agricultural sectors [1][4][10]. Group 1: Event Overview - On October 26, 2023, a seafood promotion and tasting event was held in Guiyang, Guizhou, aimed at expanding Zhanjiang seafood's market reach [2][5]. - The event was guided by various governmental bodies, including the Guangdong Provincial Department of Agriculture and Rural Affairs and the Zhanjiang Municipal Government [5][6]. Group 2: Financial Support and Agreements - Ping An Property & Casualty Insurance's Zhanjiang branch was the sole financial supporter of the event, facilitating over 30 million yuan in purchase agreements between suppliers and buyers [3][4][11]. - The company provided 10 million yuan in risk coverage for Huajing Foods during the event [10][11]. Group 3: Agricultural Development Initiatives - The Zhanjiang branch has actively participated in promoting high-quality agricultural development, receiving recognition from local government bodies for its initiatives [13][14][16]. - The company supported the Zhanjiang Fishing Culture Carnival in August 2023 with 600,000 yuan and insured the first marine ranch equipment in Guangdong for 40 million yuan [17][19]. Group 4: Technological Integration and Sales Channels - Utilizing an "insurance + technology + service" model, the company has injected technological advancements into agricultural production, including donations of weather stations and water quality monitoring equipment [20][21]. - The company has also engaged in online sales, promoting over six types of local agricultural products, achieving sales of 1.452 million yuan through live-streaming and online platforms [27][28]. Group 5: Future Plans - The Zhanjiang branch plans to continue its "risk protection + platform collaboration" model to further assist Zhanjiang seafood in reaching a national audience [29][30].