Core Viewpoint - China Ping An Insurance (Group) Co., Ltd. reported a strong performance for the year ending December 31, 2025, showcasing robust growth in various sectors, driven by its "comprehensive finance + healthcare and elderly care" strategy [2][18]. Financial Performance - The company achieved an operating profit of 134.415 billion RMB, a year-on-year increase of 10.3% [2][18]. - The net profit attributable to shareholders, excluding non-recurring items, reached 143.773 billion RMB, up 22.5% year-on-year [2][18]. - Shareholder equity surpassed 1 trillion RMB for the first time, reaching 1,000.419 billion RMB, a growth of 7.7% from the beginning of the year [2][18]. - The proposed final dividend for 2025 is 1.75 RMB per share, with a total cash dividend of 48.891 billion RMB, marking 14 consecutive years of increases [2][18]. Business Segments Life and Health Insurance - New business value in life and health insurance reached 36.897 billion RMB, reflecting a significant year-on-year growth of 29.3% [6][22]. - The new business value rate (based on standard premiums) was 28.5%, an increase of 5.8 percentage points year-on-year [6][22]. Property and Casualty Insurance - The property and casualty insurance segment reported a premium income of 343.168 billion RMB, a year-on-year increase of 6.6% [7][23]. - The overall combined cost ratio improved to 96.8%, a reduction of 1.5 percentage points year-on-year [7][23]. Banking Operations - Ping An Bank achieved a net profit of 42.633 billion RMB, with a non-performing loan ratio of 1.05%, down 0.01 percentage points from the beginning of the year [8][24]. - Retail customer assets under management (AUM) reached 4,238.409 billion RMB, a growth of 1.1% from the start of the year [8][24]. Strategic Initiatives - The company is deepening its "comprehensive finance + healthcare and elderly care" strategy, enhancing customer engagement and operational efficiency [3][19]. - The number of individual customers reached 251 million, a year-on-year increase of 3.5% [5][21]. - The retention rate for customers holding three or more products was 99% [5][21]. Technological Advancements - The company has integrated AI technologies across its services, achieving a claims processing speed with 59% of life insurance claims processed instantly [13][28]. - AI applications have significantly improved operational efficiency, with 93% of auto insurance policies being issued within one minute through digital channels [13][28]. Healthcare and Elderly Care - The healthcare and elderly care strategy is positioned to meet the growing demand for high-quality services, with over 300 million people aged 60 and above in China [9][25]. - Health insurance premium income reached 159 billion RMB, with a 2.7% year-on-year growth in medical insurance premiums [10][25]. Social Responsibility and ESG - The company has committed over 10.88 trillion RMB to support the real economy, with green investments totaling 530.087 billion RMB [14][29]. - Ping An's MSCI ESG rating has improved to AAA, maintaining its position as a leader in the Asia-Pacific region for comprehensive insurance and brokerage [14][29].

Core Viewpoint - Ping An Insurance reported strong financial performance for 2025, with operating profit up 10.3% year on year, driven by a resilient economy and strategic advancements in integrated finance and health services [1][5][21]. Financial Performance - Operating profit attributable to shareholders reached RMB134,415 million, a 10.3% increase year on year [5]. - Net profit attributable to shareholders, excluding non-recurring gains and losses, was RMB143,773 million, reflecting a 22.5% year-on-year growth [5]. - Total cash dividends for 2025 amounted to RMB48,891 million, marking the 14th consecutive year of dividend increases [5]. Business Growth and Strategy - Ping An's retail customer base grew by 3.5% to 251 million, with a customer retention rate of 99% for those holding three or more product categories [6]. - The Life & Health business saw new business value (NBV) increase by 29.3% year on year to RMB36,897 million, with a NBV margin rise of 5.8 percentage points to 28.5% [7]. - The integrated finance strategy, which includes "one customer, multiple accounts," has enhanced customer loyalty and retention [4][6]. Insurance and Investment Performance - Ping An P&C reported a premium income increase of 6.6% year on year to RMB343,168 million, with an overall combined ratio improvement to 96.8% [8]. - The insurance funds investment portfolio grew by 13.2% to RMB6.49 trillion, achieving a comprehensive investment yield of 6.3% [9]. Health and Senior Care Services - Health insurance premium income reached RMB159 billion, with a 2.7% year-on-year increase, reflecting the growing demand for health and senior care services [13]. - Ping An's health and senior care ecosystem has driven significant increases in upsell rates and premiums per policy, with notable growth in health care and senior care customer segments [16]. Technological Advancements - Ping An has developed extensive AI capabilities, with over 230,000 employees utilizing AI platforms, resulting in significant improvements in service efficiency and customer experience [18][19]. - The company achieved a 45% reduction in consultation costs year on year, showcasing the impact of technology on operational efficiency [13]. Future Outlook - As China enters its 15th Five-Year Plan, Ping An is positioned to leverage emerging opportunities in financial and health services, focusing on high-value growth and service innovation [21].

中國平安保險（集團）股份有限公司 一 委員會由三名以上（含本數）獨立非執行董事組成，其中至少一名獨立非執 行董事具備較強的識人用人和薪酬管理能力，具備在企事業單位擔任領導 或者管理職務的任職經歷。 二 委員會設主任委員一名，負責主持委員會工作。委員會主任委員及其他委 員均由董事會選舉產生。 三 委員會任期與董事會任期一致。期間如有委員不再擔任公司董事職務，則 自動失去委員資格，由董事會根據上述第一條至第二條規定補足委員人數。 四 委員會設秘書一名（以下稱「委員會秘書」），由董事會指定或經委員會選舉 產生，負責委員會日常工作聯絡和會議組織等工作。 委員會的職責權限 2 提名薪酬委員會的職權範圍及運作模式 1 中國平安保險（集團）股份有限公司（以下稱「公司」）董事會（以下稱「董事會」）提 名薪酬委員會（以下簡稱「提名薪酬委員會」或者「委員會」）的職權範圍及運作模 式如下： 委員會的人員組成 五 委員會的主要職責是： （一） 提名選任 1、 就董事會的規模和構成（包括技能、知識及經驗方面）向董事會 提出建議，協助董事會編製董事會技能表，以及協助公司定期 評估董事會表現； 2、 研究董事（職工董事除外）及高級管理人員 ...

Core Viewpoint - China Ping An reported its financial results for the year ending December 31, 2025, highlighting significant growth in operational profit and net profit attributable to shareholders [1] Financial Performance - The company achieved an operational profit of 134.415 billion yuan, representing a year-on-year increase of 10.3% [1] - The net profit attributable to shareholders, excluding non-recurring items, reached 143.773 billion yuan, marking a year-on-year growth of 22.5% [1] - Shareholders' equity surpassed 1 trillion yuan for the first time, totaling 1,000.419 billion yuan, which is a 7.7% increase from the beginning of 2025 [1]

3月26日，中国平安公布2025年全年业绩。整体经营全面向好，核心指标高值增长，归母营运利润 1,344.15亿，同比增10.3%。归属扣非净利润1,437.73亿，同比增长22.5%。归母股东权益首次突破万 亿，较年初增长7.7%。全年股息每股2.70元，同比增5.9%；分红488.91亿元，连续14年增长。险资投资 规模6.49万亿，综合投资收益率6.3%创近5年最高。寿险新业务价值同比增长29.3%，银保渠道新业务同 比增138.0%。产险整体综合成本率96.8%，为近5年最优。 ...

Group 1 - The core point of the article is that China Ping An announced its performance results for the year ending December 31, 2025, including a proposed final dividend of 1.75 yuan per share and an annual dividend of 2.70 yuan per share, representing a year-on-year increase of 5.9% [1] - The total cash dividend amounts to 48.891 billion yuan, marking the 14th consecutive year of increase in dividends [1]

免責聲明 (i)可就部分股息行使貨幣選擇權只適用於香港中央結算(代理人)有限公司； (ii)港股通投資者的股息將以人民幣派發；及 (iii)為享有股息權利而行使轉換權之最後時限为2026年5月27日15:00 （倫敦時間）。 發行人董事 於本公告日期，本公司的執行董事為馬明哲、謝永林、郭曉濤、付欣及蔡方方；非執行董事為謝吉人、楊小平、何建鋒及蔡潯；獨 立非執行董事為吳港平、金李、王廣謙、洪小源、宋獻中及陳曉峰。 第 2 頁 共 2 頁 v 1.1.1 EF002 | 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 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | --- | --- | | | 股票發行人現金股息（可選擇貨幣）公告 | | 發行人名稱 | 中國平安保險（集團）股份有限公司 | | 股份代號 | 02318 | | 多櫃檯股份代號及貨幣 | 82318 RMB | | 相關股份代號及名稱 | 05131 PING AN B2907 | | 公告標題 | 2025年12月31日止 ...

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份內容而產 生或因倚賴該等內容而引致的任何損失承擔任何責任。 末期股息貨幣選擇表格 建議分派末期股息待股東週年大會批准後，本公司將於適當時候進一步向H股股東 派發末期股息貨幣選擇表格，以供欲選擇以人民幣收取H股末期股息之H股股東使用。 預期時間表 下文所載（其中包括）分派末期股息的預期時間表僅作指示。預期時間表可予更改， 本公司將於適當時候就任何有關變動另行發佈公告。 1 暫停辦理股份過戶登記手續 建議分派末期股息及暫停辦理股份過戶登記手續 於2026年3月26日，中國平安保險（集團）股份有限公司（「本公司」）董事會（「董 事會」）建議以現金分派每股人民幣1.75元（含稅）的截至2025年12月31日止年度的 末期股息（「末期股息」）。建議分派末期股息須待本公司股東（「股東」）於將 於2026年5月20日（星期三）舉行的應屆股東週年大會（「股東週年大會」）上批准 後方可作實。 根據本公司的公司章程，末期股息以人民幣計算和宣派。本公司A股（「A股」）末 期股息將以人 ...

Core Viewpoint - China Ping An announced significant financial results for 2025, showcasing growth in operating profit, net profit, and new business value, indicating strong performance in the insurance sector [1] Financial Performance - Operating profit attributable to shareholders reached 134.415 billion yuan, a year-on-year increase of 10.3% [1] - Net profit attributable to shareholders after deducting non-recurring items was 143.773 billion yuan, reflecting a year-on-year growth of 22.5% [1] - Total revenue stood at 1,140.324 billion yuan, maintaining stability compared to previous periods [1] - Shareholders' equity surpassed 1 trillion yuan for the first time, reaching 1,000.419 billion yuan, an increase of 7.7% from the beginning of the year [1] Dividend Distribution - The company proposed a final cash dividend of 1.75 yuan per share for 2025, with an annual cash dividend of 2.70 yuan per share, marking a year-on-year increase of 5.9% [1] - Total cash dividends amounted to 48.891 billion yuan, continuing a 14-year trend of increases [1] Investment Performance - The investment performance of insurance funds was strong, with a comprehensive investment return rate of 6.3% [1] Business Growth - The life and health insurance sectors maintained high growth, with new business value reaching 36.897 billion yuan, a year-on-year increase of 29.3%, achieving double-digit growth for three consecutive years [1] - New business value from the agent channel grew by 10.4% year-on-year, while per capita new business value increased by 17.2% [1] - The bank insurance channel saw a substantial increase in new business value, growing by 138.0% [1]

報告開篇 | 報告說明 | 02 | | --- | --- | | 關於平安 | 03 | | 年度成績與認可 | 04 | C目錄ontents 01 可持續的戰略管理 | 戰略規劃 | 10 | | --- | --- | | 治理體系 | 14 | | 重要性評估 | 16 | | 利益相關方溝通 | 20 | | ESG風險管理 | 22 | 03 可持續的運營與社區 | 鄉村振興與社區影響力 | 62 | | --- | --- | | 可持續供應鏈 | 78 | | 消費者保護與體驗 | 80 | | 員工及代理人髮展與保障 | 85 | 05 可持續的治理 | 公司治理 | 123 | | --- | --- | | 商業守則 | 127 | | 信息安全與AI治理 | 131 | 02 可持續的業務 | 助力實體經濟 | 25 | | --- | --- | | 可持續保險 | 32 | | 負責任銀行 | 39 | | 負責任投資 | 45 | | 負責任產品 | 53 | | 科技創新 | 58 | 04 可持續的自然 | 氣候變化與碳中和 | 101 | | --- | --- | | ...