2015 Annual Results - Ping An Insuranceresources.pingan.com/app_upload/file/ir/yeji_2015_en.pdf ·...

2015 Annual Results

March, 2016

Cautionary Note Regarding Forward-looking

Statements To the extent any statements made in this presentation containing information that is not historical are essentially

forward-looking. These forward-looking statements include but not limited to projections, targets, estimates and

business plans that the Company expects or anticipates will or may occur in the future. These forward-looking

statements are subject to known and unknown risks and uncertainties that may be general or specific. Certain

statements, such as those include the words or phrases "potential", "estimates", "expects", "anticipates",

"objective", "intends", "plans", "believes", "will", "may", "should", and similar expressions or variations on such

expressions may be considered forward-looking statements.

Readers should be cautioned that a variety of factors, many of which may be beyond the Company's control, affect the

performance, operations and results of the Company, and could cause actual results to differ materially from the

expectations expressed in any of the Company's forward-looking statements. These factors include, but are not

limited to, exchange rate fluctuations, market shares, competition, environmental risks, changes in legal, financial and

regulatory frameworks, international economic and financial market conditions and other risks and factors beyond our

control. These and other factors should be considered carefully and readers should not place undue reliance on the

Company's forward-looking statements. In addition, the Company undertakes no obligation to publicly update or

revise any forward-looking statement that is contained in this presentation as a result of new information, future

events or otherwise. Neither the Company nor any of its employees or affiliates is responsible for, or is making, any

representations concerning the future performance of the Company.

2

We are dedicated to becoming

a world-leading personal financial services provider

3

Agenda

Overview

Operating Highlights

Banking Business

Financial Analysis and Embedded Value

Peter Ma Group Chairman & CEO

Alex Ren Group President

Ping Shao President of Ping An Bank

Jason Yao Group CFO

Topic Speaker Position

Asset Management

Business Timothy Chan

Group Chief Investment Officer

Insurance Business Yuansiong Lee Group Chief Insurance Business Officer

Internet Finance Business

Jessica Tan Group COO

Overview

Overview Operating Highlights

Financial Analysis and Embedded

Value

Insurance Business

Banking Business

Asset Management

Business


5

Ping An will enter into the 3.0 Era

Ping An 1.0

Self-operated

model Open

marketplace

Ping An 3.0

Open platform +

Open marketplace

Banking

Insurance

Investment

Big

financial

assets

Big

health

care

Integrated Finance + Internet

Internet + Integrated Finance

Ping An 2.0

Operating Highlights



Value

Insurance Business

Banking Business

Asset Management

Business


7

Online

Offline

Online

Customers 57.12 million e+$

(Including 29.71 million

APP users)

e e

e e

32.92 million person-times


5.75 million users

Users of Internet

Finance Companies

e 183 million

Users of Core

Finance Companies

132 million e

Migration Model of Users and Customers

Customers of Core

Finance Companies $ $

$ $ $ $ 109 million 109 million


31.46 million

customers Customers of Core

Finance Companies

Online

Offline

8

Significant Progress in Migration

Migration from

internet finance companies

to core finance companies

Migration from

core finance companies to

internet finance companies

Migration

among core finance

companies

Conversion from

user to customer

Conversion from

customer to user

Customer

Migration

Conversion

between

Customer

and User

User

Migration

11.43

19.77

13.43

32.92

7.02

12.35

1.03

5.75

17.30

31.46

145.1%

73.0%

75.9%

458.3%

81.8%

2014

2014

2014

2014

2014

2015

2015

2015

2015

2015

(in million

person-times)

(in million

person-times)

(in million)

9

Internet Users

242 million

Users of Internet Finance Companies

Users of Core Finance Companies

183 million

Total Internet Users

132 million

72 million APP users



242 million

57 million users held financial products

Users of Internet Finance

Companies

Users of Core Finance

Companies

Broad-based Internet Users

10

31/12/2015 31/12/2014

Retained

Customers

77.80

New

Customers

30.78

（in million）

89.35

New Individual Customers

by Business Segment Number of Individual

Customers

21.5%

30.78 million

new customers

Individual Financial Customers Exceeded 100 Million

Ping An Property &

Casualty 41.4%

Retail Banking Business

19.4%

Ping An Life 14.7%

Credit Card Business

14.0%

Other Businesses

10.5%

108.58

11

Cross-selling Achieved Outstanding Result

Business

contribution

15.2%

Premium income of

Ping An Property &

Casualty

RMB24,951 million

Short-term group

insurance income of

Ping An Annuity

RMB4,597 million

Premium income of

Ping An Health

RMB64 million

Business

contribution

12.2%

Business

contribution

43.6%

12

• Increased 1.1 times

•Annual compound

growth rate 20.2%


•Annual compound

growth rate 29.2%

•Average ROE16.3%


•Annual compound

growth rate 24.3%

2,285.4 2,844.3

3,360.3

4,005.9 4,765.2

19.5 20.1 28.2 39.3

54.2

16.0 13.8

16.4 18.3

17.1

Net Profit attributable to Shareholders of theParent Company

ROE

Total Asset (in RMB billion)

Net Profit attributable to Shareholders of

the Parent Company / ROE

(in RMB billion / %)

1.25 1.27

1.78

2.47

2.98

2011 2012 2013 2014 2015

Basic EPS (in RMB)

Robust Financial Performance in the Past Five Years

Financial Analysis and

Embedded Value



Value

Insurance Business

Banking Business

Asset Management

Business


14

39,279

54,203

EPS 2.47

EPS 2.98

2014 2015

38.0%

334,248 289,564

15.4%

2014 2015

65,178

47,930

36.0%

4,765,159

4,005,911

19.0%

Net Profit

ROE

17.1%

ROE

18.3%

Net Profit attributable to Shareholders

of the Parent Company / EPS

(in RMB million/in RMB)

Total Asset Equity attributable to Shareholders

of the Parent Company / ROE

31/12/2014 31/12/2015 31/12/2014 31/12/2015

Financial Highlights

15

18,992

12,522

21,382

2,912

2,478

2,362

4,530

65,178

15,689

8,807

19,147

2,212

977

174

47,930

21.1%

42.2%

11.7%

31.6%

168.2%

141.8%

Banking

23.0%

Property and

Casualty

22.9%

Life

34.8%

Asset

Management

and others

9.7% Securities

4.2%

Trust

5.4% Net Profit

attributable to Shareholders of the Parent

Company

54,203

2014 2015

36.0%

25.0X

Net Profit by Business Segment

(in RMB million)

Net Profit by Business Segment Profit Contribution by Sector

Notes: (1) Asset Management refers to the Ping An Asset Management.

(2) Others refer to the parent company, Ping An Financial Leasing

and financial platform services subsidiaries.

924

Total Net Profit

Life

Property &

Casualty

Banking

Trust

Securities

Asset

Management

Others and

offsetting

16

2014 2015

47.9%

6,549

9,688

Profitability Business

development Capital

requirement

Sustainability of dividend

policy

Profit Distribution

2015 Final Dividend Proposal:

Cash dividend: Based on the total shares of

18,280 million, the final dividend will be

distributed in cash of RMB0.35 per share, in

total of RMB6,398 million.

Including the interim cash dividend of

RMB3,290 million, the sum of interim and

final dividend in cash is RMB9,688 million, up

by 47.9% over 2014.

(in RMB million)

17

164.5%

The Group 205.1%

31/12/2014 (Solvency I)

31/12/2015 (Solvency I)

Ping An Property

& Casualty

Ping An Life 219.9%

10.86% Ping An Bank

Capital injection

Issuance of RMB5 billion capital

supplement bond in December 2015

195.4%

203.2%

182.2%

10.94%

269.5%

204.9%

219.7%

NA

31/12/2015 (Solvency II)

Solvency Margin/ Capital Adequacy Ratio

RMB2.5 billion subordinated bonds

were redeemed in May 2015

Issuance of RMB5 billion capital

supplement bond in July 2015

RMB10 billion of private placement

in May 2015, including RMB3.5

billion of injection by Ping An Group

18

327,926

(6,570)

272,915

(41,419)

552,853

Other

Businesses

226,039

Life Insurance

Business

326,814

Other

Businesses

226,039

Life Insurance

Business

101,887

Composition of Embedded Value

Value of in-force

insurance business

written prior to June

1999

Adjusted value of

net assets as at

Dec. 31, 2015

Value of in-force

insurance business

written since June

1999

Cost of solvency

margin

Embedded value

as at Dec. 31,

2015

(in RMB million)

Notes: (1) Life insurance business includes business conducted through Ping An Life, Ping An Annuity and Ping An Health.

(2) Above risk discount rates for the value of in-force business were earned rate/11.0%.

(3) Figures may not match totals due to rounding.

19

17.2%

30.24

25.80

552,853

458,812 224,927

327,926

174,394

284,418

20.5%

29.0%

15.3%

Growth of Embedded Value

Embedded Value EVPS

(in RMB million) (in RMB)

The value of

business in-

force

Adjusted net

asset value

31/12/2014 31/12/2015 31/12/2014 31/12/2015

Notes: (1) Above risk discount rates for the value of in-force business were earned rate/11.0%.

(2) EVPS as at December 31, 2014 was recalculated based on the latest capital shares.

20

326,814

24,628

31,058 756 (6,328)

11,599 1,123

264,223

333,142

(246)

Movement of Embedded Value of Life Insurance Business

Embedded value of

life insurance

business

as at Dec 31, 2014

Expected

return on year-

start

embedded

value

Value of

one year’s

new

business

Assumption

and model

changes

Market value

adjustment

Investment

return

variance

Experience

variances and

others

Embedded

value of life

insurance

business before

capital changes

Capital

injection &

dividends

distribution

Embedded value

of life insurance

business

as at Dec 31,

2015

(in RMB million)



21

Individual life insurance

Bancassurance

Group insurance

30,174

246

417

20,800

303

863

45.1%

18.8%

51.6%

21,966 30,838 40.4%

2014 2015 Change

NBEV in Total

NBEV Margin 31.1% 30.4% 0.7 PPs

NBEV and NBEV Margin Grew Steadily

NBEV

Note: Figures may not match totals due to rounding.

(in RMB million)

22

30,838

30,174

69,347

0.75

1.2

64.6%

1.9

6,012

43.5%

44.5%

-1.0%

663

NBEV Breakdown

2015NBEV

Individual life

NBEV

Bancassurance and

group insurance

NBEV

FYP

2015 NBEV Margin

Average agent force

(in million)

New policies per

agent per month

Premium income

per policy(in RMB)

Changes in product mix

and assumption

adjustments

Notes: (1) The FYP of individual life include the premium from telemarketing and internet marketing.


+

x

x

2014 NBEV Margin

Active rate in force

Polices per active

agent per month

+

f

(in RMB million)

23

39,477 (34,299) 756

39,174

(6,828)

500

38,781

Free Surplus of Life Insurance Business

(in RMB million)

Free surplus of life

insurance business

as at Dec 31, 2014

Free surplus

generated

from in-force

business

Free surplus

used to support

new business

Capital

injection

Dividends

distribution Market value

adjustment Free surplus of life

insurance business

as at Dec 31, 2015


(2) The free surplus represents the excess of adjusted net assets of life insurance business over the regulatory solvency margin.


Insurance Business



Insurance Business

Banking Business

Asset Management

Business


25

Life

Insurance

Business

Written premium of the new business from individual life insurance reached RMB80,456 million, up by 50.9% YoY, with rapid increases in the number of sales agents and productivity. The market share of telemarketing maintained the first position.

The NBEV of life insurance grew rapidly by 40.4% YoY.

Corporate annuity assets under management of Ping An Annuity exceeded RMB300 billion, maintaining a market leading position.

Insurance Overview

The premium income of property and casualty insurance business reached RMB163,955 million, up by 14.5% YoY; the market share reached 19.4%, up by 0.5 percentage point YoY.

Stuck to its customer-centric business model, and utilized new technologies and big data to further enhance its industry-leading capabilities of risk filtering and cost optimization. The business quality and profitability remained robust, with a combined ratio of 95.6%.

Property and

Casualty

Insurance

Business

26

9

222,057

299,814

252,730

183,273

18.6%

21.2%

2015 2014 2015 2014

9,345

12,994

Tele-

marketing

2,547

Internet

marketing

66.1%

9,354

15,541

Life Insurance Business (1/5) Steady growth of written premium and strong performance in telemarketing

and internet marketing

Written Premium/Premium Income Written Premium from

Telemarketing and Internet Marketing

(in RMB million)

Written

premium

Including:

premium income

Notes:

(1) Written premium refers to premium of the policies underwritten by the Company before significant insurance risk tests and separating of hybrid contracts.

(2) Premium income refers to the premium after significant insurance risk tests and separating of hybrid contracts.

(3) Life insurance business includes relevant business written by Ping An Life, Ping An Annuity, and Ping An Health.

27

225,364

269,107 19.4%

9.6% 172,056

188,651

50,372

76,233

2015

2,936 4,223

51.3%

2014

First year regular

First year single and short-term

Renewal

2014 2015

6.5% 31.4%

12,955 13,851 13,515

17,752

Bancassurance Group insurance

Life Insurance Business (2/5) Written premium by distribution channels

Individual Life Written Premium

(in RMB million)

Bancassurance and Group

Insurance Written Premium

(in RMB million)

28

Agent Productivity

635,551

869,895

2014 2015

Number of agents

Income of agents per agent per month(in RMB)

Sales Agents

5,124

4,684

6,244

7,236

2014 2015

First-year written premiums per agent per month(in RMB) New individual life insurance policies per agent per month

1.1 1.2

Life Insurance Business (3/5) The number and productivity of sales agents increased steadily

29

13-month 25-month

90.9%

86.4% 87.4%

90.9%

2014 2015

41,233

37,355

10.4%

Life Insurance Business (4/5) The customer base continued to grow with a sound persistency ratio

Number of Individual

Customers Policy Persistency Ratio

(in thousand)

31/12/2014 31/12/2015

Note: The number of individual customers refers to the number of policy holders.

30

2013 2014 2015

Annuity and Investment-linked Insurance Participating Insurance Universal Insurance Traditional Insurance Accident and Health Insurance

11.3 13.3 16.5

4.9 8.8 11.4

32.5 30.1

28.5

49.4 45.8 41.5

1.9 2.0 2.1

46.5 47.9

38.4

0.3 0.1

(%)

2013 2014 2015

21.5 27.3 27.0

6.6

13.6 18.1 23.8

18.5

(%)

47.9 38.4

34.5

0.2 2.2 1.4

19.0

Life Insurance Business (5/5) Reinforced the sales of protection type products

Product Mix of Life Insurance Product Mix of New Business for

Individual Life Insurance

31

25.3%

31/12/2014 31/12/2015

108,105

135,480

42.5%

31/12/2014 31/12/2015

89,280

127,226

Ping An Annuity Remained Market Leader

Assets under investment management Assets Entrusted

(in RMB million) (in RMB million)

32

57.7% 56.7%

37.6% 38.9% 29,257

28,739 3,226

4,099

14.5%

143,150

163,955

2014 2015 2014 2015

131,117 110,667

0.3

PPs

95.3% 95.6%

Property and Casualty Insurance Business (1/2) Premium income maintained stable growth with good business quality

and profitability

Premium Income Combined Ratio (in RMB million)

Accident and health

Non-automobile

Automobile

Expense

ratio

Loss ratio

Note: Property and casualty insurance business includes relevant business written by Ping An Property & Casualty and Ping An Hong Kong.

33

41,684

50,514

20,369

24,951

21.6%

62,053

75,465

2014 2015

Others

33.3%

Cross-selling

15.2% Car dealers

20.7%

Telemarketing

30.8% Premium

income

163,955

Property and Casualty Insurance Business (2/2) Sustained growth of premium from cross-selling and telemarketing

Premium Income from Cross-selling and Telemarketing Channel Contribution


Cross-selling

Telemarketing

34

Technology Innovation

Life insurance Property and casualty insurance

Over 30 million users

Monthly activity rate of 33%

Over 25 million person times

participating in “Appointment

with Ping An – Walk for Health”

Constantly improve the quality and

efficiency of business development

through new technologies

Build world-leading financial stores

Apply face-recognition

technologies into life insurance

business to facilitate efficient

policy processing

Fully implement the “online + offline”

claim service model and further

implement internet business strategy

“Ping An Auto Owner” APP

Claim service

Screen big data for customer

needs

Pioneer in real-time payment of

compensation, easy claim

settlement without survey, claim

service via WeChat and phone

Integrate quality resources in the

ecosystem of auto use

Cover services of “automobile

insurance, auto-related services

and life with autos”

Ping An Life “E-service” APP

Smart Store

Banking Business



Insurance Business

Banking Business

Asset Management

Business


36

Overall Growth

Banking Overview

The business structure optimized, with increased proportion of net non-interest

income to the total revenue.

Operating

Efficiency

Ping An Bank maintained steady growth in business scale with stable profitability.

Ping An Bank grew deposits and loans faster than most peers, with improved asset-

liability structure and enhanced NIS and NIM.

Innovation

and

Development

Ping An Bank established industry-specific business units and strived to develop

industry funds. It speeded up product innovation to break new markets for pan

asset management and investment banking businesses.

Ping An Bank has first launched movable property products of Internet of Things

finance, which endowed commodity in transaction with the characteristics of

finance, to promote the revolution of supply chain finance.

Ping An Bank tackled challenges proactively, implemented comprehensive risk

management, and made greater efforts to make provisions for and recover NPLs,

the asset quality kept a relatively stable level.

Capital adequacy ratio of Ping An Bank was 10.94%, with both tier 1 capital

adequacy ratio and core tier 1 capital adequacy ratio of 9.03%, all of which were in

compliance with the regulatory requirements.

Risk Control

Ping An Bank improved the operating efficiency and the cost-to-income ratio

decreased sharply.

37

The Business Scale and Profitability Maintained Steady Growth

31/12/2014 31/12/2015

2,507,149 2,186,459

14.7%

(in RMB million)

2014 2015

21,865 19,802

10.4%

1,533,183 1,733,921

31/12/2014 31/12/2015

13.1%

31/12/2014 31/12/2015

18.7% 1,216,138

1,024,734

Note: The data is from the annual report of Ping An Bank.

Total Asset Net Profit

Deposits Loans and Advances

38

2.40%

2.63%

2014 2015

Net Non-interest IncomeProportion of Net Non-interest Income

27.74% 31.26%

20,361

30,064

Improved Business Structure and Operating Efficiency

(in RMB million)

2014 2015

31.31%

36.33%

5.02

PPs

Note: The data is from the annual report of Ping An Bank.

Cost-to-income Ratio

NIS

Net Non-interest Income

47.7%

2014 2015

0.23

PPs

NIM

2.57%

2.77%

2014 2015

0.20

PPs

39

10,501

17,645

1.02%

1.45%

Balance of Non-performing Loans

Non-performing Loan Ratio

Strengthen Provisions and Maintain Stable Asset Quality

Non-performing Loans

(in RMB million)

Loan Loss Provisions/ Loan Loss Provision Ratio/ Provision Coverage Ratio

Ping An Bank has tackled various challenges proactively and strengthened the asset and liability

management. It optimized the asset and liability structure, improved its risk tolerance and risk limit

management system, built a comprehensive liquidity risk management model, and kept all market risks

under strict control to ensure prudent business growth.

2014 2015

1.79% 2.06%

2.41%

201.06% 200.90%

165.86%

Loan Loss Provisions

Loan Loss Provision Ratio

Provision Coverage Ratio

2013 2014 2015

(in RMB million)

6,890 15,011

30,485

Asset Management

Business



Value

Insurance Business

Banking Business

Asset Management

Business


41

Investment

Portfolio of

Insurance

Funds

Securities

Business

Asset

Management Overview

Ping An Asset

Management

Trust

Business

Net Profit hit a record high with strategy transformation being advanced effectively.

Securities brokerage business achieved great performance on the internet transformation and

the scale of asset management business made breakthrough.

Ping An Asset Management leveraged its expertise in investment, seized opportunities in the

markets and boosted investment returns of the insurance funds.

Ping An Asset Management carried forward business innovation and improved risk

management level, with excellent performance in its third-party business.

Ping An Trust proactively promoted its business model transformation, while income and

profit increased steadily.

Ping An Trust optimized its business structure, and strictly controlled projects risk.

Taking into account with the requirements of profitability, safety and liquidity, the allocation

scheme with the best risk-return profile was selected.

Enlarged the investments in fixed income assets steadily, and achieved a net investment yield

of 5.8%, up by 0.5 percentage points YoY; seized market opportunities, allocated equity

investments dynamically, and achieved a total investment yield of 7.8%, a new high compared

with the recent years.

Improved the quantitative risk control system, strengthened risk alerting and monitoring, and

enhanced the risk management system as well as the risk control processes before, during and

after investment deals to ensure the security and profitability of insurance assets.

42

63,729

(8,828)

5,905

66,652

114,750

(4,268)

34,278

84,740

Net Investment Yield and Total Investment Yield Reached

New Highs

Investment Income

27.1%

80.1%

Investment Yield

(in RMB million)

Net investment income

480.5% Net realized and

unrealized income

51.7% Impairment loss

Total investment income

2014 2015

5.3% 5.8%

5.1% 5.1%

7.8%

2013 2014 2015

Net Investment Yield

Total Investment Yield

43

Asset allocation proportions 31/12/2014 31/12/2015 Change (PPs)

Fixed income investments 79.7% 77.7% 2.0

Term deposits 16.0% 11.1% 4.9

Bond investments 46.9% 47.9% 1.0

Debt scheme investments 8.0% 7.9% 0.1

Wealth management products (1) 5.5% 6.8% 1.3

Other fixed income investments (2) 3.3% 4.0% 0.7

Equity investments 14.1% 16.2% 2.1

Stocks and Equity funds 10.8% 10.0% 0.8

Preference shares 0.8% 2.5% 1.7

Bond funds 0.4% 1.2% 0.8

Wealth management products and others 2.1% 2.5% 0.4

Investment properties 1.4% 1.5% 0.1

Cash, cash equivalents and others 4.8% 4.6% 0.2

Total investment (in RMB million) 1,474,098 1,731,619

Investment Portfolio of Insurance Funds

Notes: (1) Wealth management products include trust schemes from trust companies, wealth management products from commercial banks, etc.

(2) Other fixed income investments include financial assets purchased under agreements to resell, policy-pledged loans, statutory deposits

for insurance operations, etc.

44

Securities Business (1/2) Net Profit hit a record high with effective strategies transformation

Operating Income Net Profit

473

1,215

1,210

3,281

4,814

2,143

2014 2015

9,310

3,826

924

2,478

2015

168.2%

2014


Underwriting

commission

income Investment

income and

others

143.3%

Brokerage fees income

45

Securities Business (2/2) New customers brought by internet increased and the scale asset

management business made breakthrough

The Number of New Customers

of Brokerage Business Assets under management

2014 2015

2.93

0.10

163.6

237.0

31/12/2015

44.9%

31/12/2014

(in million) (in RMB billion)

28.3

times

46

Trust Business (1/2) Business transformation has been advanced consistently, with income

and profit increased steadily

Operating Income Net Profit

4,923

3,513

2,212

1,682

1,231

662

2014 2015

8,366

5,857

42.8%

2,212

2,912

2015

31.6%

2014


Other income

Net fees and commission

income

Investment income

47

Trust Business (2/2) Insisted on optimizing business structure and strictly controlled risks

Proportion of Financing Trusts

(in RMB million)

% of Assets

Held in Trust

Business Structure

Assets Held

in Trust

558,435

Investment

category

30.8%

Administrative

category

40.2%

Financing

category

29.0%

2015: Financing category

accounted for 29.0%, of which

real estate industry financing

accounted for 8.3%

2014: Financing category

accounted for 43.9%, of which

real estate industry financing

accounted for 13.5%

48

245,722

169,336

(in RMB million)

1,389

726

31/12/2014 31/12/2015

45.1%

2014 2015

91.3%

Ping An Asset Management Developed Third-party Asset

Management Business Rapidly

Assets under Management Management Fees Income

(in RMB million)

Internet Finance

Business



Value

Insurance Business

Banking Business

Asset Management

Business


50

Internet Finance Model has Gradually Matured

Internet

+

Integrated Finance

Total users: 242 million

App users: 107 million

Migration person-times from internet

finance companies to core finance

companies: 19.77 million Migration person-times from core finance

companies to internet finance companies:

32.92 million

Transaction volume of Lufax

reached RMB1.53 trillion Users that became

customers of core finance

companies: 5.75 million

Flow

Frequency

Value

51

Lufax: The Largest Internet Financial Transaction Information Service

Platform

18.31 million 3.33 million

Up by 257.6% Up by over

9 times

Accumulated

Transaction Volume

1,814.6

Retail

Institutional

1,080.7

733.9

(in RMB billion)

1,525.3

Mobile

67%

878.8

646.5

X4

X7

2014 2015

X5 Retail

Institutional

Registered Users New Investors

3.63 million

Up by nearly

10 times

Active Investors

Annual Transaction Volume Accumulated Transaction Volume

(in RMB billion)

52

Loyalty Points

business

Payment-processing

business

Ping An Pay and Wanlitong

Various payments processed worth

over RMB1.57 trillion

Registered users

over 45 million

Annual activity rate 24.2%

Loyalty points traded worth

RMB21.2 billion

Transactions through mobile

43.5%

Ping An Pay +

Wanlitong

Transaction

Volume

RMB1.59 trillion

Registered users

over 96 million

Loyalty points issued worth

RMB6.5 billion

Online/offline merchants

nearly 1 million

Monthly average activity rate

15.3%

Mobile electronic wallet

—Yiwallet APP

53

Ping An Puhui Financial and PA Haofang

Sales volume of new house through PA Haofang

platform exceeded RMB150 billion

The “An An Zu” APP was successfully launched in

November to build a C2C house renting platform

Develop an O2O finance platform for second-hand

houses

Leveraging Ping An Group’s advantage of integrated finance to

build an O2O real estate finance platform Overseas

houses

Haofang

finance New and

second-hand

houses

Registered users

over 7 million

House

renting Haofang

crowdfunding

Integrate strong offline distribution and management

network to match customers’ capital supply with

demand

Possess profound experience and robust risk

management capability in personal consumption

finance and micro-enterprise finance service

One of China’s largest personal consumption finance and micro-

enterprise finance service providers

1.24 million

Accumulated Borrowers

552

Offline Outlets

New Loans

RMB48.3 billion

Accumulated

Loans

RMB99 billion

Ping An Puhui

Financial

PA Haofang

54

Ping An Health Cloud is committed to building a one-stop whole-process

O2O platform for health care services

It has built a preliminary multi-tier network with nearly 900 internal doctors, 40 thousand external contracted doctors

and over 3 thousand contracted famous doctors at 3A hospitals

B2C medicine supply network covered the whole country, O2O medicine supply network has covered tier-1 cities

such as Shanghai, Beijing, and Shenzhen, while it delivers medicines within two hours

One Account Management Services is committed to becoming the largest

open internet financial service platform in China

It offers one-stop services including account management, wealth management, credit management and lifestyle

management. It has integrated nine categories of financial and lifestyle accounts that cover over 80% of the financial

users; 60% of the users have linked 1.9 accounts on average to the One Account Management Services.

It offers three wealth management approaches, i.e. self-service, smart service, and advisory service, serving over

10 million users per month on the wealth management platform. In credit management, it has partnered with over

400 financial and daily-life service institutions, and has handled over 40 million authorized queries in total.

Ping An Health Cloud and One Account Management Services

APP User

over 30 million Peak daily active users

1.30 million Peak daily consultations

120 thousand

Users

100 million Monthly active users

over 18 million

Assets under

management

over RMB1 trillion

55

Expertise Creates Value

Fortune (US)

Ranked No. 96 in “Fortune

Global 500”

Corporate Governance Asia

(HK)

Corporate Governance Asia

Recognition Awards

Forbes (US)

Ranked No. 32 in “Forbes

Global 2000”

The Economic Observer

and MCCP

Most Respected Company

Millward Brown, WPP

Ranked No. 68 in “BrandZ

Top 100 Global Brands”

Ranked No. 11 in “BrandZ

Top 100 Chinese Brands”

Financial Times (UK)

Ranked No. 63 in “FT Global

500”

Euromoney (UK)

Best Managed Insurance

Company in Asia

Interbrand

Ranked No. 6 in “2015 Best

China Brands”

2015 Annual Results - Ping An Insuranceresources.pingan.com/app_upload/file/ir/yeji_2015_en.pdf ·...

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