Group 1 - Ping An Asset Management Co., Ltd. (PAAMC) is ranked 33rd in the world and 3rd in Asia in the Top 500 Asset Managers 2024 list by Investment & Pensions Europe (IPE), improving three spots from the previous year [4] - There are 52 Chinese asset management companies included in this year's IPE ranking, with a total Assets Under Management (AUM) of RMB72.4 trillion as of the end of 2023, indicating strong growth in China's asset management industry [5] - PAAMC had RMB5.03 trillion in AUM as of December 31, 2023, and offers diversified one-stop investment management solutions to both domestic and overseas clients [7][8] Group 2 - PAAMC was established in 2005 and is one of the first insurance asset management companies approved by the National Financial Regulatory Administration [7] - The company has been on the IPE list for five consecutive years and has maintained a position in the top 50 for four consecutive years [8] - PAAMC became a signatory of the UN-supported Principles for Responsible Investment (PRI) in the Investment Manager category in 2023 [8]

HONG KONG and SHANGHAI, June 19, 2024 /PRNewswire/ -- The "Ping An Family Doctor Brand Upgrade Conference" was held in Shanghai recently. Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318 / 82318; SSE: 601318) has upgraded its "Ping An Family Doctor" brand with a one-stop, proactive health management services system and a commitment to providing "proactive health management, chronic disease control, and full disease management" to users. During the conference, ...

Company Participants Richard Sheng - Board Secretary of the Company Xin Fu - Senior VP & Director of the Group's Strategic Development Center Ruisheng Sheng - Company Secretary, Board Secretary & Brand Director Yonglin Xie - Co-CEO, President & Executive Director Benjamin Deng - Assistant President & Chief Investment Officer Zhichun Zhang - CFO & Financial Director Good morning. Welcome to the 2023 annual results announcement for Ping An Group. I'm Richard Sheng, the Board Secretary of the company. I will b ...

专业·价值( 2023 Interim Results August 2023 Cautionary Statements Regarding Forward-Looking Statements To the extent any statements made in this Report contain information that is not historical, these statements are essentially forward-looking. These forward-looking statements include but are not limited to projections, targets, estimates and business plans that the Company expects or anticipates may or may not occur in the future. Words such as "potential", "estimates", "expects", "anticipates", "objective", ...

Financial Data and Key Metrics Changes - The operating profit for the first half of 2023 reached RMB 82 billion, with an operating ROE of 18.2% [8][9] - The interim dividend proposed is RMB 0.93 per share, reflecting a 1.1% year-on-year increase, marking 11 consecutive years of dividend growth [12][8] - The new business value (NBV) increased by 45% on a like-for-like basis in the first half of 2023 [7][11] Business Line Data and Key Metrics Changes - The banking and property & casualty (P&C) segments saw growth of 14.9% and 7.4% respectively [9] - Life insurance operating profit before tax increased by 1.9%, while the operating profit for the parent company decreased by 3% [10] - The agency channel's NBV grew by 43%, while the bank insurance channel experienced a remarkable growth of 174.7% [11][22] Market Data and Key Metrics Changes - The solvency ratio under C-ROSS Phase II is above regulatory requirements, with health, life, and P&C segments exceeding the 50% threshold [13] - The comprehensive investment yield of insurance income was 4.1%, up by 0.7 percentage points [17] Company Strategy and Development Direction - The company aims to become a world-leading integrated financial and healthcare company, leveraging technological empowerment [6] - The integrated finance model has shown effectiveness, with a stable growth in customer numbers and increased migration among different businesses [8][22] - The focus on high-quality growth is emphasized, with a commitment to shareholder returns and sustainable development [8][68] Management Comments on Operating Environment and Future Outlook - Management highlighted the importance of effective reform and strategic upgrading as key drivers of performance in H1 2023 [22] - The company remains positive about the future prospects of the Asia market, despite recent regulatory changes [26] - The management expressed confidence in the long-term economic development of China and the potential benefits from new policies [54] Other Important Information - The company has established a robust risk management system, with over 96.2% of debt schemes and trust schemes holding AAA credit ratings [16] - Ping An has committed to sustainable development, with significant investments in green finance and social responsibility initiatives [67][68] Q&A Session All Questions and Answers Question: Comment on the performance in H1 2023 and key drivers - Management attributed the strong performance to effective reforms and strategic upgrades, with a notable increase in NBV and operating profit [22][24] Question: Comment on the Asia market and future insurance products - Management remains positive about the Asia market, indicating plans for stable allocation and investment in equity products [26] Question: Reasons behind NBV growth and future expectations - The growth is attributed to macro factors and successful reforms, with expectations for continued strong performance [29][31] Question: Impact of extreme weather events on business - The company has a comprehensive emergency response plan and has already received RMB 1.14 billion in claims related to recent flooding [44][78] Question: Dividend policy amidst decreasing profit - Management confirmed a stable dividend policy, emphasizing the importance of returning value to shareholders despite fluctuations in operating profit [51][52] Question: Future impact of new accounting rules on business - Management indicated that the new accounting rules will not significantly impact the business's value proposition or dividend strategy [52] Question: Life insurance product changes and margin impact - Management expressed confidence that recent product changes will not adversely affect competitiveness or margins [56][57] Question: Plans for high-quality growth and measures to achieve it - The company is committed to high-quality growth through integrated finance and healthcare strategies, with ongoing reforms and customer engagement [60][64]

Ping An Insurance Group Co of China Ltd (OTCPK:PNGAY) Q4 2022 Earnings Conference Call March 15, 2023 11:45 PM ET Company Participants Ruisheng Sheng - Company Secretary Jason Yao - EVP, Co-CEO & Executive Director Jessica Tan - Executive Director, Co-CEO & EVP Conference Call Participants Ruisheng Sheng Okay. Good afternoon, dear friends from the media. Welcome to the 2022 Annual Result Announcement for China Ping An. I'm Board Secretary and Brand Director, Sheng Ruisheng of the group. I'll be hosting toda ...

专业·价值( 2022 Interim Results August 2022 Cautionary Statements Regarding Forward-Looking Statements To the extent any statements made in this Report contain information that is not historical, these statements are essentially forward- looking. These forward-looking statements include but are not limited to projections, targets, estimates and business plans that the Company expects or anticipates may or may not occur in the future. Words such as "potential", "estimates", "expects", "anticipates", "objective", ...

Ping An Insurance Group Co of China Ltd (OTCPK:PNGAY) Q4 2021 Earnings Conference Call March 17, 2022 11:45 PM ET Company Participants Ruisheng Sheng - Joint Company Secretary Jason Yao - EVP, Co-CEO, CFO, Chief Actuary & Executive Director Benjamin Deng - CIO Conference Call Participants Ruisheng Sheng Good morning. Welcome to join us at the Ping An's 2021 annual results announcement. I'm Board Secretary, Ruisheng Sheng. I will be moderating today's event. Due to COVID-19, this event will be adopted by way ...

2021 First Quarter Results April 2021 Cautionary Statements Regarding Forward-Looking Statements To the extent any statements made in this report contain information that is not historical, these statements are essentially forward- looking. These forward-looking statements include but are not limited to projections, targets, estimates and business plans that the Company expects or anticipates will or may occur in the future. These forward-looking statements are subject to known and unknown risks and uncerta ...

平安 PINGAN 2020 Annual Results February 2021 Cautionary Statements Regarding Forward-Looking Statements To the extent any statements made in this Report contain information that is not historical, these statements are essentially forward- looking. These forward-looking statements include but are not limited to projections, targets, estimates and business plans that the Company expects or anticipates may or may not occur in the future. Words such as "potential", "estimates", "expects", "anticipates", "objecti ...