Ping An Insurance Group reported full-year 2024 net profit attributable to shareholders of RMB 126,607 million, a surge of 47.8% compared with the prior year. The results were released on 19 March 2025.
Operating profit attributable to shareholders reached RMB 121,862 million for the full year, an increase of 9.1% year-on-year. Total revenue climbed 10.6% to RMB 1,141,346 million, led by the insurance businesses, while Ping An Bank's net profit fell 4.2% and the asset management business remained loss-making.
BANKING ARM AND DIVIDEND PERFORMANCE
Ping An Bank, the group's listed commercial banking subsidiary, reported net profit of RMB 44,508 million, down 4.2% year-on-year.
On the shareholder returns front, Ping An announced a full-year cash dividend of RMB 2.55 per share for the 2024 financial year, a 5% increase year-on-year that extended the group's unbroken record of annual dividend growth to 13 consecutive years.