Core Viewpoint - The insurance industry is experiencing a dichotomy in performance as 2024 shows signs of recovery while 2025 presents challenges in sales, prompting discussions on the future direction of insurance companies, particularly China Ping An's reform efforts [1] Group 1: Sales Performance and Market Trends - Overall insurance product sales in 2025 are not optimistic, with Ping An's performance aligning with expectations as they gradually reduce the significance of the "New Year Sales" [2] - The "New Year Sales" period previously accounted for 30%-40% of annual business volume, but recent trends indicate a decline in this metric due to macroeconomic changes and evolving consumer demands [2] - The first quarter of 2025 is particularly noteworthy as listed insurance companies are expected to report monthly premium income data, which has reportedly shown a year-on-year decline in premium income for life insurance companies [2][3] Group 2: Ping An's Reform Progress - Ping An's life insurance reform, initiated in November 2019, has achieved significant milestones, with management expressing satisfaction over the results thus far [4][5] - The reform strategy focuses on a "4+3" model, which includes four distribution channels and three product/service categories, aiming to enhance operational efficiency [5] - The current agent team size stands at 363,000, a significant reduction from its peak of 1.3 million, reflecting a shift from quantity to quality in agent recruitment [6] Group 3: Challenges in Reform - Two main challenges remain in Ping An's reform efforts: increasing the proportion of high-performing agents and expanding the scale of elderly care services [7][8] - The company aims to enhance agent quality by focusing on recruitment, providing competitive products and services, and fostering teamwork among agents [7] - Expanding healthcare and elderly care services is critical for Ping An, as current offerings only reach 75 cities, which is insufficient to meet the needs of its 242 million personal customers [8]

Core Viewpoint - China Ping An emphasizes its commitment to shareholder returns through consistent dividend growth and robust performance in its life insurance business, while also focusing on high-dividend and new productivity-related investments [1][2][3]. Shareholder Returns - The board of China Ping An proposed a final cash dividend of 1.62 yuan per share (before tax) for the 2024 fiscal year, totaling 29.334 billion yuan in dividends and a buyback of 103 million A-shares [2]. - The company has maintained an upward trend in annual dividends for over a decade, with cumulative cash dividends exceeding 400 billion yuan since its listing [2]. - The core performance of the company remains strong, with operating profits for 2024 and Q1 2025 showing steady growth, directly linking dividend levels to operating profit metrics [2]. Investment Strategy - The investment strategy of China Ping An is based on the "five matching" principles, which include alignment of cycles, assets and liabilities, returns, risks, and competition [2]. - The company has been actively increasing its holdings in bank stocks, benefiting from early asset allocation during a declining interest rate cycle, leading to superior investment returns [3]. - Future investments will focus on high-dividend and high-return assets, with an emphasis on finding quality "ballast" assets that benefit shareholder returns [3]. Life Insurance Reform - China Ping An has made significant progress in life insurance reform, optimizing its sales agent channels, with 338,000 personal life insurance agents reported as of the end of Q1 this year [4]. - The life insurance business has seen a 34.9% year-on-year increase in new business value, reaching 12.891 billion yuan, with a new business value rate of 32%, up 10.4 percentage points year-on-year [4]. - The agent channel has shifted from a "mass recruitment" strategy to a "high-quality" approach, resulting in improved productivity and income per agent [4]. Technology Empowerment - Artificial intelligence has been integrated across various operations of China Ping An, with an estimated 1.84 billion AI service interactions in 2024, covering 80% of customer service volume [5]. - AI has enhanced risk control and pricing accuracy, while also enabling sales personnel to efficiently meet customer needs through AI tools [5].

Core Viewpoint - High-quality development is essential for the sustainable growth of insurance institutions, with China Ping An leading the way in integrating technology and finance to support this goal [1][2]. Financial Performance - In 2024, China Ping An reported an operating profit of 121.86 billion RMB, a year-on-year increase of 9.1%, with a compound annual growth rate of 7.5% over the past 20 years [2]. - The total revenue reached 1,028.93 billion RMB, reflecting a 12.6% year-on-year growth [2]. - Total assets amounted to 12.96 trillion RMB, with a 21.5% compound annual growth rate over the last 20 years [2]. - The proposed cash dividend for 2024 is 1.62 RMB per share, with a total annual dividend of 2.55 RMB per share, marking a 5% increase [2]. Strategic Initiatives - China Ping An has invested over 1 trillion RMB in insurance funds to support technological innovation and has cumulatively invested 10.14 trillion RMB in the real economy [3]. - The company has a green loan balance of 157.76 billion RMB, with 52.01 billion RMB allocated to rural industry support in 2024 [3]. - In the area of inclusive finance, Ping An Bank served 782,000 micro and small enterprises with a loan balance of 495.71 billion RMB [3]. - The company has developed a comprehensive elderly care service model, with over 160,000 clients qualifying for home care services [3]. Technological Advancements - China Ping An's AI service volume reached 1.84 billion in 2024, covering 80% of customer service inquiries [7]. - The AI claims system enabled 56% of policies to be settled within 10 minutes, with 93% achieving instant underwriting [7]. - The company has over 3,000 scientists and has filed 55,080 patents, ranking among the top in global financial institutions [7]. Customer-Centric Innovations - The "Insurance + Service" model is being explored to meet the evolving needs of consumers, integrating health management and elderly care services [8][9]. - The launch of the "Tianping An" solution aims to provide a comprehensive service package that adapts to diverse customer needs [8][9]. - The company emphasizes the importance of a customer-centric approach, enhancing the role of insurance as a life manager rather than just a risk compensation tool [10][11]. Healthcare and Elderly Care Integration - China Ping An is building a collaborative ecosystem that integrates insurance, healthcare, and elderly care services, enhancing customer experience [13][14]. - The company has established a flagship internet medical platform and self-operated institutions, achieving significant revenue growth in its healthcare segment [15]. - By 2024, Ping An Health achieved a revenue of 4.808 billion RMB, with a net profit of 81 million RMB [15]. Future Outlook - In 2025, China Ping An plans to continue advancing its dual strategy of "comprehensive finance + healthcare and elderly care," driving digital transformation and contributing to high-quality financial development in China [16].

7月29日，中国平安宣布，聘任王晓航出任集团首席技术官（CTO）兼平安科技总经理。 资料显示，王晓航深耕"金融+科技"领域近20年，2016年加盟蚂蚁集团，历任蚂蚁集团副总裁、财 富及保险事业群CTO等职务，负责领导数字金融和AI创新。2015年王晓航曾出任百度首席架构师，推 动打造百度钱包和金融业务。更早之前，王晓航还曾在谷歌（美国）、彭博集团等国际知名企业担任高 级技术经理。 数据显示，截至2024年底，中国平安拥有超2.1万名科技开发人员、超3000名科学家的一流科技人 才队伍；截至2025年3月31日，中国平安累计获得人工智能国内外竞赛冠军45项，专利申请数累计达 55435项，位居国际金融机构前列。（记者 潘婷） （责任编辑：马欣） 王晓航曾公开表示，大模型对金融产业的价值显著，但通用大模型无法开箱即用，需要弥补许多不 足之处，并在可靠性方面进行全周期加固。规模化的产业技术变革和价值兑现不会一蹴而就，必然经历 阶梯式的迭代向上过程。 对于王晓航，中国平安寄予厚望。中国平安表示，王晓航的加入，有助于公司全面提升AI技术研 发与应用水平，推动自研大模型与大数据开源平台深度融合发展，加快建设"数字化经营、 ...

2025年7月29日，国家金融监督管理总局上海监管局发布批复称，《中国平安（601318）人寿保险股份 有限公司上海分公司关于崇明西小港营销服务部变更地址的请示》（平保寿沪分发〔2025〕82号）收 悉。经审核，现批复如下： 一、同意中国平安人寿保险股份有限公司上海崇明西小港营销服务部营业场所变更为：上海市崇明区城 桥镇崇州路591号、翠竹路2233弄31号。 二、中国平安人寿保险股份有限公司应按照有关规定及时办理变更及许可证换领事宜。 ...

Core Insights - The article discusses the increasing focus on risk prevention in the insurance industry, particularly in light of natural disasters and the use of technology such as AI to enhance risk management [1][3]. Group 1: Risk Management Innovations - China Ping An introduced its self-developed risk reduction intelligent service platform, the "Eagle Eye System," which has evolved from a natural disaster warning tool to a global risk management platform over 15 years [3][5]. - In the first half of 2025, the Eagle Eye System issued warnings for 259,000 natural disasters and sent out 4.26 billion warning messages, providing on-site services over 100,000 times and covering 64 million enterprises and individual clients [3][5]. Group 2: Technological Integration - The Eagle Eye System 3.0 can identify 24 types of natural disaster risks and offers real-time monitoring and intervention for accidental risks through IoT security devices [5][7]. - The system incorporates AI, spatiotemporal big data engines, meteorological disaster models, and satellite/radar monitoring to enhance risk management capabilities [7]. Group 3: Global Expansion and Applications - The Eagle Eye System's overseas version, EagleX, was launched to support Chinese enterprises in the "Belt and Road" initiative, providing global risk reduction services [7][8]. - EagleX features risk mapping, disaster warnings, and satellite monitoring, aiming to offer comprehensive risk management services to international clients [8].

Core Insights - China Ping An Insurance (Group) Co., Ltd. introduced its self-developed risk reduction intelligent service platform, the "Eagle Eye System," showcasing various innovative technologies such as artificial intelligence and big data engines [1][2] - The Eagle Eye System has issued 42.6 billion warning messages and provided on-site services over 100,000 times in the first half of 2025, covering 64 million enterprises and individual clients [1] - The overseas version of the Eagle Eye System, named EagleX, was launched to provide global risk management services, including risk assessment and disaster warning, aimed at supporting the Belt and Road Initiative [1][3] Risk Management Capabilities - The Eagle Eye System has evolved from a natural disaster warning tool to a global risk management platform over 15 years, with capabilities to identify 24 types of natural disaster risks [2] - In June 2025, the system successfully sent out over 5.7 million disaster warning messages before Typhoon "Butterfly" made landfall, covering over 3.1 million clients across various insurance sectors [2] Technological Innovations - The Eagle Eye System integrates advanced technologies such as AI, satellite remote sensing, and meteorological disaster models to enhance risk management efficiency [3] - The system has published two professional conference papers, obtained three software copyrights, and filed over 30 patent applications [3] AI Applications - Ping An Insurance utilizes AI technology in marketing and claims processes, achieving full automation in health insurance claims, significantly reducing processing time to minutes [4] - The company is advancing its "Smart Agent Project" to enhance intelligent marketing, operations, services, and management through AI [4]

格隆汇8月6日丨根据联交所最新权益披露资料显示，2025年8月1日，邮储银行(01658.HK)获中国平安保险（集团）股份有限公司在场内以每股均价5.5131港 元增持935.7万股，涉资约5158.61万港元。 增持后，中国平安保险（集团）股份有限公司最新持股数目为2,983,819,000股，持股比例由14.98%上升至15.02%。 | 不可能用 | 大股東/董事/最高行政人員名稱作出披露的 買入 / 賣出或涉及的 每股的平均價 | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | | --- | --- | --- | --- | --- | | | 12 2 7 1 3 | | ( 請參閱上延 * 註 份白分析 | | | CS20250805E00015 | 中国平安保险(集团)股份有 1101(L) | 9,357,000(L) | HKD 5.5131 2,983,819,000(L) | 15.02(L) 01/08/2025 | | | 限公司 | | | | ...

香港联交所最新资料显示，8月1日，中国平安增持邮储银行(01658)935.7万股，每股作价为5.5131港 元，总金额约为5158.61万港元。增持后最新持股数目约为29.84亿股，最新持股比例为15.02%。 ...

香港联交所最新资料显示，8月1日，中国平安（601318）增持邮储银行（601658）(01658)935.7万股， 每股作价为5.5131港元，总金额约为5158.61万港元。增持后最新持股数目约为29.84亿股，最新持股比 例为15.02%。 ...