Ping An Reports Stable Growth in Operating Profit Attributable to Shareholders of the Parent Company in 2024, Net Profit Attributable to Shareholders of the Parent Company Surges 47.8% YoY

About this update from Ping An Insurance (group) Company Of China, Ltd. Class A

[{"type":"text","content":"Cash Dividend Increases for 13th Consecutive Year ","length":49,"tagName":"p"},{"type":"text","content":"HONG KONG and SHANGHAI, March 19, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) today announced its financial results for the year ended December 31, 2024.","length":261,"tagName":"p"},{"type":"text","content":"In 2024, China's domestic economy was generally stable with a positive long-term economic outlook. However, China still faced short- and medium-term challenges including lackluster domestic demand, volatile markets, and insufficient confidence amid a complex and uncertain external environment. Facing the opportunities and challenges, Ping An adhered to a people-centered approach and focused on its core financial businesses, pushing forward its technology-enabled "integrated finance + health and senior care" dual-driver strategy. With solid fundamentals and rebounding core businesses, Ping An achieved high-quality development characterized by steady progress, deepened strategy, and reform and innovation.","length":726,"tagName":"p"},{"type":"text","content":"Ping An's operating profit attributable to shareholders of the parent company increased 9.1% year on year to RMB121,862 million and net profit attributable to shareholders of the parent company rose 47.8% year on year to RMB126,607 million in 2024. Revenue was RMB1,141,346 million, up 10.6% year on year. Ping An plans to pay a final dividend of RMB1.62 per share in cash for 2024. The full-year cash dividend will be RMB2.55 per share, up 5% year on year. The cash dividend payout ratio based on operating profit attributable to shareholders of the parent company will be 37.9%, with total dividends increasing for 13 consecutive years.","length":642,"tagName":"p"},{"type":"text","content":"In addition, according to the announcement by the Board of Directors of Ping An, the tenures of Mr. Ng Sing Yip, Mr. Chu Yiyun and Mr. Liu Hong as Independent Non-executive Directors are coming to an end, and Mr. Hong Xiaoyuan ("Mr. Hong"), Mr. Song Xianzhong ("Mr. Song") and Mr. Chan Hiu Fung Nicholas ("Mr. Chan") have been nominated as candidates for Independent Non-executive Directors of the 13th session of the Board. Mr. Hong...

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