{"id":406,"date":"2025-03-19T15:00:19","date_gmt":"2025-03-19T16:00:19","guid":{"rendered":"https:\/\/beijingcareer.com\/?p=406"},"modified":"2025-03-19T18:22:29","modified_gmt":"2025-03-19T18:22:29","slug":"ping-an-pcs-net-profit-swells-67-7-in-2024","status":"publish","type":"post","link":"https:\/\/beijingcareer.com\/index.php\/2025\/03\/19\/ping-an-pcs-net-profit-swells-67-7-in-2024\/","title":{"rendered":"Ping An P&C\u2019s net profit swells 67.7% in 2024"},"content":{"rendered":"

Ping An Insurance Company of China has disclosed that its property & casualty (P&C) segment achieved a net profit of RMB 15,021 million in 2024, marking a significant 67.7% increase compared to 2023.<\/p>\n

\"ping-an-logo\"The segment maintained steady growth and strong business performance throughout the year, with insurance revenue for Ping An P&C reportedly climbing 4.7% year-on-year, reaching RMB 328,146 million in 2024.<\/p>\n

Ping An P&C’s overall combined ratio for 2024 stood at 98.3%, reflecting an improvement compared to the previous year, indicating enhanced operational efficiency and better cost control within the firm.<\/p>\n

Groupwide, Ping An has reported an operating profit attributable to shareholders for 2024 of RMB 121,862 million, up 9.1% from 2023.<\/p>\n

Meanwhile, Ping An’s net profit for 2024 was RMB 126,607 million, marking a huge increase of 47.8% from 2023.<\/p>\n

The firm’s total revenue in 2024 was RMB 1,141,346 million, up 10.6% from 2023, while its insurance funds investment portfolio grew 21.4% from the beginning of 2024 to over RMB 5.73 trillion.<\/p>\n

In related news, Ping An recently entered a flood maps licensing agreement with UK-based flood specialist JBA Risk Management to enhance its underwriting and risk management capabilities<\/a>.<\/p>\n

The partnership reflects the growing significance of flood risk in China, where both the frequency and severity of flood events have been rising.<\/p>\n

The post Ping An P&C’s net profit swells 67.7% in 2024<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ping An Insurance Company of China has disclosed that its property & casualty (P&C) segment achieved a net profit of RMB 15,021 million in 2024, marking a significant 67.7% increase compared to 2023. The segment maintained steady growth and strong business performance throughout the year, with insurance revenue for Ping An P&C reportedly climbing 4.7% […]<\/p>\n","protected":false},"author":1,"featured_media":408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/406"}],"collection":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/comments?post=406"}],"version-history":[{"count":2,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/406\/revisions"}],"predecessor-version":[{"id":409,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/406\/revisions\/409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media\/408"}],"wp:attachment":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media?parent=406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/categories?post=406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/tags?post=406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}