Ping An #1 in Brand Finance's Global Insurance Brand Value for 9th Year, Brand Value Reaches $33.6 Billion

HONG KONGandSHANGHAI,March 13, 2025/PRNewswire/ -- Ping An Insurance (Group) Company ofChina, Ltd. ("Ping An"or the"Group", HKEx: 2318 / 82318; SSE: 601318) took top spot in the Brand Finance Insurance 100 2025 ranking, for the ninth year in a row, boasting a brand value ofUS$33.6 billion. Brand Finance said thatPing Anemerges as the sector's most valuable brand. This resilience is attributed to its strong brand familiarity inChinaand steady growth in life, health, property& casualty (P&C) insurance and accidental injury insurance.

Brand Finance, a leading global brand valuation consultancy, also noted that Chinese insurance brands are making their mark on the global stage, driven by digital transformation, AI-driven innovation, and the expansion of 5G services. These brands continue to strengthen their market positions, with their strategic investments in technology and customer experience fueling brand growth.

Driven by customer needs,Ping An'score businesses are showing stable growth. Ping An remains steadfast in its customer-centric approach, deepening its technology-driven"integrated finance + health and senior care"strategy and achieving stable growth in its core businesses. In the first three quarters of 2024,Ping Anachieved an operating profit attributable to shareholders of the parent company ofRMB113.82 billion, representing a 5.5% increase year-on-year (YoY), and operating revenue ofRMB775.38 billion, a 10.0% increase YoY. The three core businesses – life and health insurance, P&C and banking – showed sustained growth, with combined operating profit attributable to shareholders of the parent company reachingRMB119.65 billion, an increase of 5.7% YoY. New business value (NBV) for the life and health insurance business reachedRMB35.16 billion, up 34.1% YoY. Customers entitled to service benefits in the health and senior care ecosystem accounted for over 69.6% of the NBV of life insurance.

Ping Anis building world-leading AI capabilities to drive sales, improve efficiency and control risks.Ping Anis focusing research and development investment in cutting-edge technologies such as generative artificial intelligence (AI) large language models. As of the end ofSeptember 2024,Ping Anhad a world-class technology team of over 21,000 technology developers and over 3,000 scientists. The Group's patent applications led most international financial institutions, totaling 53,521 by the end ofSeptember 2024. The number ofPing An'sgenerative AI patent applications ranked second globally^[1]. With five industry-leading laboratories and nine major databases, covering finance, healthcare, senior care and other fields,Ping Ancontinues to adopt new technology-driven measures to promote sales, improve efficiency, and control risks. In the first three quarters of 2024,Ping An'sAI service representatives interacted with customers approximately 1.34 billion times, responding to queries and resolving consumer issues quickly. They covered more than 80% of the total customer service volume in that period. At Ping An Life, smart underwriting and smart claim settlement services resulted in 93% of life insurance policies underwritten in seconds, and claims closed in an average of 7.4 minutes. The Group also continued to improve its risk management, with claims savings via smart fraud risk identification amounting toRMB9.1 billionin the first nine months of 2024.

Ping Anis promoting its"worry-free, timesaving, and money-saving"brand value proposition as it continues to enhance customer experience. Ping An works to make business as clear, simple and efficient as possible for customers. Ping An Auto Insurance covers 82 service items, including emergency assistance, annual inspection and designated driver services, making life simple for the 200 million users of the Ping An Auto Owner app. To save customers'time,Ping Anoffers one-stop services, such as Ping An Life's 1-1-1 Superfast Claim, with one-sentence reporting, one-click uploading, and one-minute validation. To save customers'money,Ping Anuses professional services to achieve wealth preservation and appreciation, meeting customers'diversified needs.Ping An Bank'sCredit Card for Overseas Students integrates insurance, banking, healthcare and other resources, providing a variety of preferential discounts for education, shopping, and travel.

Ping Anactively fulfils its social responsibilities and supports the development of the real economy.As of the end ofJune 2024,Ping Anhad cumulatively invested nearlyRMB9.46 trillionto bolster the real economy, covering major national projects in energy, transportation, water conservancy, and other sectors. It also supported major strategic priorities such as the Belt and Road Initiative and theGuangdong-Hong Kong-Macao Greater Bay Area. As of the end ofJune 2024,Ping An'sresponsible investment of insurance funds reachedRMB799.90 billion, includingRMB124.88 billionin green investments,RMB652.56 billionin social investments, andRMB22.46 billionin inclusive investments. In the first three quarters of 2024,Ping An'sgreen insurance premium income reachedRMB37.34 billion, and its funding for rural industrial vitalization totaledRMB31.406 billion, provided toPing An'sRural Communities Support Program.

Brand Finance conducts first-hand research on over 6,000 corporate brands worldwide each year, engaging more than 175,000 respondents from 41 countries and regions. It defines brand value as the net economic benefit that a brand owner would achieve by licensing the brand in the open market. The top five in the Brand Finance Insurance 100 2025 list arePing An,Allianz (Germany), AXA (France), China Life, and Generali (Italy). This year, 13 Chinese insurance companies were included in the world's top 100, with brand value accounting for 22.9% of the total value, ranking second globally by country.

About Ping An Group

Ping An Insurance (Group) Company ofChina, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven"integrated finance + health and senior care"strategy, the Group provides professional"financial advisory, family doctor, and senior care concierge"services to its 240 million retail customers.Ping Anadvances intelligent digital transformation and employs technologies to improve financial businesses'quality and efficiency and enhance risk management. The Group is listed on the stock exchanges inHong KongandShanghai. As of the end of September 2024,Ping Anhad more thanRMB12 trillionin total assets. The Group ranked 29^thin the Forbes Global 2000 list in 2024 and 53^rdin the Fortune Global 500 list in 2024. 

For more information, please visitwww.group.pingan.com and follow us on LinkedIn -PING AN.

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SOURCE Ping An Insurance (Group) Company ofChina, Ltd.