Ping An saw net profit attributable to shareholders decreased 20.8% year on year to $12.7 billion.
Operating profit attributable to shareholders rise 9.2% year on year to $18.5 billion, equivalent to a 20.3% annualised operating ROE in the first nine months of 2021.
The Group’s assets exceeded $1.5 trillion，approaching $1.8 trillion.
Life & Health’s operating profit decreased 2.3% year on year to $11.5 billion.
Ping An P&C maintained good business quality as its combined ratio improved by 1.8 pps year on year to 97.3%, and operating profit grew 20.2% year on year to $2 billion in the first nine months of 2021.
The company’s investment portfolio of insurance funds grew about 3% year to date to nearly $610 billion as of September 30, 2021.
The investment portfolio of insurance funds achieved an annualized net investment yield of 4.2% and an annualized total investment yield of 3.7% in the first nine months of 2021.
Ping An Bank maintained stable business growth and continued to improve its asset quality.
Revenue grew 9.1% year on year to $19 billion and net profit rose 30.1% year on year to $4.5 billion in the first nine months of 2021.