Compilation of data from various companies
Posted: Sun Jan 19, 2025 5:43 am
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In fact, looking at the timeline, Ping An has maintained its leading position in premium income for a long time. Although it has gone through the painful period of reform, growth has slowed down for a time. Now, it has returned to the growth track. Especially when the overall base is already not low, it continues to maintain its leading position in the industry.
Considering that the full-year data of some insurance companies has not been released, looking at the data for the first eleven months of this year alone, Ping An’s original premium income reached 796.4 billion, a year-on-year growth of 7.86%. In comparison, PICC, China Life, and China Pacific Insurance , Xinhua Insurance's growth rates were , and 2.15% respectively. Ping An maintains its leading position in the industry in terms of premium volume and growth rate.
It is worth noting that Ping An’s original premium income purchase shareholder user data reached the 800 billion mark last year, and this year it will continue to remain above 800 billion without any suspense. Looking at the overall industry situation, it is not difficult to see that Ping An’s market share remains at the leading position in the industry.
(Premium data of insurance companies for the first eleven months, source: Compilation of data from various companies)
While Ping An continues to lead in terms of scale, its business quality is also constantly being consolidated, and its performance growth remains steady.
Data from the previous three quarterly reports show that in the first three quarters, Ping An achieved operating income of 861.817 billion yuan, a year-on-year increase of 8.7%; operating profit attributable to shareholders of the parent company was 113.818 billion yuan, a year-on-year increase of 5.5%; net profit attributable to shareholders of the parent company was 113.818 billion yuan, a year-on-year increase of 5.5%; 119.182 billion yuan, a year-on-year increase of 36.1%.
In fact, looking at the timeline, Ping An has maintained its leading position in premium income for a long time. Although it has gone through the painful period of reform, growth has slowed down for a time. Now, it has returned to the growth track. Especially when the overall base is already not low, it continues to maintain its leading position in the industry.
Considering that the full-year data of some insurance companies has not been released, looking at the data for the first eleven months of this year alone, Ping An’s original premium income reached 796.4 billion, a year-on-year growth of 7.86%. In comparison, PICC, China Life, and China Pacific Insurance , Xinhua Insurance's growth rates were , and 2.15% respectively. Ping An maintains its leading position in the industry in terms of premium volume and growth rate.
It is worth noting that Ping An’s original premium income purchase shareholder user data reached the 800 billion mark last year, and this year it will continue to remain above 800 billion without any suspense. Looking at the overall industry situation, it is not difficult to see that Ping An’s market share remains at the leading position in the industry.
(Premium data of insurance companies for the first eleven months, source: Compilation of data from various companies)
While Ping An continues to lead in terms of scale, its business quality is also constantly being consolidated, and its performance growth remains steady.
Data from the previous three quarterly reports show that in the first three quarters, Ping An achieved operating income of 861.817 billion yuan, a year-on-year increase of 8.7%; operating profit attributable to shareholders of the parent company was 113.818 billion yuan, a year-on-year increase of 5.5%; net profit attributable to shareholders of the parent company was 113.818 billion yuan, a year-on-year increase of 5.5%; 119.182 billion yuan, a year-on-year increase of 36.1%.