Company Overview - Ping An Life Insurance Company of China, established in 2002, is a key member of Ping An Insurance (Group) Company [4] - The company focuses on providing a full cycle of life insurance products and services, emphasizing customer convenience and cost-effectiveness [4] - In 2024, the company processed a total of 5.232 million claims, amounting to 41.94 billion RMB [4] Business Performance - In 2024, the new business value for life and health insurance reached 28.534 billion RMB, representing a year-on-year growth of 28.8% [4] - The policy continuation rates improved, with a 13-month continuation rate up by 3.6 percentage points and a 25-month continuation rate up by 3.9 percentage points [4] - The agent channel saw a new business value increase of 26.5%, with per capita new business value rising by 43.3% [5] - The bancassurance channel focused on value management, achieving a new business value growth of 62.7% [5] Strategic Initiatives - The company is actively responding to the new "National Ten Measures" by deepening its focus on protection, pension, and wealth markets [6] - The "Insurance + Service" model is being enhanced, with over 21 million customers served in health management and home care services covering 75 cities [6] - The company integrates ESG principles into its development strategy, focusing on sustainable economic, social, and environmental value [6] Awards and Recognition - In 2024, the company received multiple awards, including "Outstanding Life Insurance Company of the Year" and "Best Customer Experience Innovation Insurance Company" [7] Investment Accounts Overview - The company offers various investment-linked insurance accounts, including the Ping An Development Investment Account and the Ping An Fund Investment Account, focusing on different investment strategies [9][13] - The investment accounts are designed to cater to various risk appetites, with features ranging from stable income to aggressive growth [10][14] Financial Performance - As of June 30, 2025, the company reported a net asset value and investment performance across its investment-linked insurance accounts, reflecting its financial health [57][58] - The investment accounts have specific performance benchmarks, with the Ping An Development Investment Account targeting a balanced investment strategy [12][16] Market Outlook - The company anticipates positive returns for equity assets in the second half of 2025, driven by structural investment opportunities in innovation and consumption sectors [52] - The debt market is expected to remain supportive, with a focus on maintaining liquidity while managing growth pressures [53]

Core Viewpoint - The company provides a detailed overview of its investment-linked insurance products, including the establishment of various investment accounts and their respective investment strategies and performance metrics for the year 2024 [1][6][10]. Group 1: Basic Information - The company has been selling investment-linked insurance products since April 2008, specifically the Guoshou Yufeng Investment-linked Insurance, which includes four investment accounts [1]. - The investment accounts are managed according to regulations set by the China Banking and Insurance Regulatory Commission and include the Guoshou Jinqi Stock Investment Account, Guoshou Selected Value Investment Account, Guoshou Balanced Growth Investment Account, and Guoshou Stable Bond Investment Account [1]. Group 2: Investment Accounts Overview - **Guoshou Jinqi Stock Investment Account**: Established on May 4, 2008, aims for steady asset growth through investments in leading large-cap companies while managing risks [2]. - **Guoshou Selected Value Investment Account**: Also established on May 4, 2008, focuses on constructing a fund portfolio to achieve stable long-term asset growth [3]. - **Guoshou Balanced Growth Investment Account**: Established on May 4, 2008, seeks high investment returns through active asset allocation and selection of valuable investment products [4]. - **Guoshou Stable Bond Investment Account**: Established on May 4, 2008, prioritizes capital safety while pursuing higher returns and maintaining liquidity [5]. Group 3: Financial Performance - The investment accounts reported varying net asset values and performance metrics as of December 31, 2024, with the Guoshou Jinqi Stock Investment Account showing a net value growth rate of -5.01%, while the Guoshou Selected Value Investment Account achieved a growth rate of 13.16% [10][11]. - The overall financial situation as of December 31, 2024, indicates total assets of approximately 37.46 billion RMB across all accounts, with net assets totaling around 35.23 billion RMB [7][14]. Group 4: Market Conditions and Outlook - The bond market in 2024 experienced a decline in yields compared to 2023, with the average yield for 10-year government bonds at 2.22%, down over 50 basis points from the previous year [9]. - The equity market saw significant growth, with the CSI 300 Index rising by 14.68% and the ChiNext 50 Index increasing by 21.07% in 2024, driven by favorable policies and improved market sentiment [10]. - The outlook for 2025 suggests a continued decline in bond yields, with expectations of a gradual recovery in corporate earnings amid ongoing economic uncertainties [13].

（本信息公告是根据原中国银行保险监督管理委员会《人身保险产品信息披露管理办法》、《一年期以 上人身保险产品信息披露规则》，及原中国保险监督管理委员会《关于规范投资连结保险投资账户有关 事项的通知》的相关规定编制并发布） 一、投资账户简介 登录新浪财经APP 搜索【信披】查看更多考评等级 友邦上海优选平衡组合投资账户是依照原中国保险监督管理委员会《关于规范投资连结保险投资账户有 关事项的通知》、《关于美国友邦保险有限公司在华7家分支机构设立优选平衡组合投资账户的批复》 （保监寿险[2004]151号）、《关于美国友邦保险公司分支机构变更优选平衡组合投资账户的批复》(保 监寿险[2007]156号)设立。 根据原中国银行保险监督管理委员会《关于友邦保险有限公司在中国内地分支机构改建为友邦人寿保险 有限公司的批复》（银保监复[2020]363号），友邦北京优选平衡组合投资账户、友邦江苏优选平衡组 合投资账户、友邦广东优选平衡组合投资账户、友邦深圳优选平衡组合投资账户、友邦东莞优选平衡组 合投资账户、友邦江门优选平衡组合投资账户于2020年合并至友邦上海优选平衡组合投资账户并更名为 友邦优选平衡组合投资账户。合并前后 ...