中国平安：Robust 3Q doubled in NBV and earnings growth

23 Oct 2024 CMB International Global Markets | Equity Research | Company Update Ping An (2318 HK) Robust 3Q doubled in NBV and earnings growth Ping An recorded robust 3Q earnings with Group net profit and L&H NBV doubled in third quarter. Group OPAT attributable to shareholders grew 5.5% YoY to RMB 113.8bn, translating into a 22.1% YoY increase in 3Q24 on track for a steady recovery (1Q24: -3.0%/2Q24: +1.9% YoY). L&H and P&C accelerated attributable OPAT growth to 8%/455% YoY in 3Q, driven in part by more p ...