Ping An Ranks 27th on Forbes'Global 2000 List

HONG KONGandSHANGHAI,June 13, 2025/PRNewswire/ -- Ping An Insurance (Group) Company ofChina, Ltd. ("Ping An", the"Company"or the"Group", HKEX: 2318; SSE: 601318) has risen two spots to rank 27th on Forbes'2025 Global 2000 list, an authoritative ranking of the world's largest public companies based on a composite score of revenue, profit, assets, and market value. Released onJune 12, the latest rankings reflectPing An'scontinued growth and strong performance, as the Group moved up two places from last year. Additionally,Ping Ansecured 5th place among Chinese companies, climbing one spot from the previous year, while maintaining its position as the highest-ranked insurance company inChina.

The top five Chinese companies in the 2025 rankings are Industrial and Commercial Bank ofChina, China Construction Bank, Agricultural Bank ofChina, Bank ofChina, andPing An. During the period,Ping Anreported revenue ofUS$158 billion, profit ofUS$17.6 billion, and total assets amounted toUS$1.8 trillion.

Progress driven by technology-enabled"integrated finance + health and senior care"dual-driver strategy

Ping Ancontinues to advance its technology-enabled"integrated finance + health and senior care"dual-driver strategy, driving stable growth across its core businesses. Through its integrated finance model,Ping Anhas strengthened its engagement with retail customers. As of the end of 2024,Ping Anserved 242 million retail customers, with 25.6% holding four or more contracts within the Group. Customer retention remained robust at 98.0%. The health and senior care strategy also provided differentiated advantages, with nearly 63% ofPing An'sretail customers entitled to service benefits in the health and senior care ecosystem.

In transforming and upgrading its core businesses,Ping Anharnessed technology to reduce costs, enhance operational efficiency, and strengthen risk management. The number of service cases handled byPing An'sAI service representatives reached approximately 1.84 billion, accounting for 80% of the Group's total customer service volume in 2024. In Life insurance, 93% of policies were underwritten within seconds via smart underwriting, smart claim settlement and smart policy renewal. Moreover, Ping An P&C achieved claims savings ofRMB11.94billion through smart fraud detection, marking a year-on-year increase of 10.4%.

In 2024,Ping Anachieved an operating profit attributable to shareholders of the parent company ofRMB121.862 billion, achieving a year-on-year increase of 9.1%. Net profit attributable to shareholders of the parent company reachedRMB126.607 billion, representing a significant year-on-year increase of 47.8%. Revenue totaledRMB1,028.925 billion, up 12.6% year-on-year, while total assets reachedRMB12.96 trillion, a 11.9% increase from the beginning of the year.

Enhancing customer experience with the"worry-free, time-saving, and money-saving"value proposition

Ping Anhas actively promoted its"worry-free, time-saving, and money-saving"value proposition to enhance customer experience. Under its"worry-free"services,Ping An'sauto insurance now offers 82 convenient services, including roadside assistance, vehicle inspections, and chauffeur services, benefiting 236 million users of"Ping An Auto Owner"app. By the end of 2024,Ping An'shome-based senior care services had expanded to cover 75 cities nationwide. For"time-saving"initiatives, 93% of the policies were underwritten within seconds through smart underwriting, smart claim settlement and smart policy renewal.

Commitment to shareholder returns, communication, and value creation

According to its 2024 annual report,Ping Anproposed a final dividend ofRMB1.62per share in cash for 2024, bringing the total annual dividend toRMB2.55per share, a 5% year-on-year increase. The cash dividend payout ratio based on operating profit attributable to shareholders (OPAT) was 37.9%, marking 13 consecutive years of dividend growth. The Group maintains strong communication with shareholders through annual general meetings and investor roadshows. OnMay 13, 2025,Ping Anheld its 2024 Annual General Meeting, attended by 117 shareholders. Management addressed 29 questions and suggestions raised by shareholders.

Fulfilling corporate social responsibility and supporting economic development

As ofDecember 31, 2024,Ping Anhad invested nearlyRMB10.14 trillionto support the real economy. Its green investment of insurance funds reachedRMB124.712 billion, while its green loan balance amounted toRMB157.762 billion. In 2024, green insurance premium income totaledRMB 58.608 billion. Through its"Ping An Rural

Communities Support",Ping AnprovidedRMB52.014 billionin funding to promote rural industrial vitalization. In addition, MSCI upgradedPing An'sESG rating to AA, giving it the top spot in the multi-line insurance& brokerage category in theAsia-Pacificregion for three consecutive years.

The Forbes Global 2000 list, published annually since 2004, evaluates publicly traded companies worldwide based on revenue, profit, assets, and market capitalization. This year's list revealed record-breaking combined figures for the top 2,000 companies, with a total revenue ofUS$52.9 trillion, profit ofUS$4.9 trillion, assets ofUS$242.2 trillion, and market capitalization ofUS$91.3 trillion. By country,the United Statesled with 612 companies, followed byChina(includingHong Kong) with 317 companies.

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 nearly 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 December 2024,Ping Anhad more thanRMB12 trillionin total assets. The Group ranked 27^th in the Forbes Global 2000 list in 2025 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.