Ping An Insurance sticks to core values for customers

Ping An Insurance, one of the country's largest insurers, will continue its strategy to develop comprehensive finance and healthcare services at the core of its business in the future, according to its top management.

"The rising uncertainties weigh on customers' demand, but we will stick to the two business drivers-comprehensive finance and healthcare services to maintain a solid performance in the year of 2022," Yao Bo, Co-CEO of Ping An Insurance said at an online conference on Wednesday.

According to the company's semi-annual report, its net profit attributable to its parent company has seen a 4.3 percent year-on-year growth to 85.3 billion yuan ($12.5 billion) in the first six months this year. The life insurance and health insurance of Ping An has shown a solid growth with an operating profit of 58.993 billion yuan, up 17.4 percent year-on-year.

In terms of the property insurance of Ping An, the insurance expense of its primary insurance has reached 146.792 billion yuan, up 10.1 percent year-on-year.

By June 30, 2022, the scale size of its insurance fund investment portfolio exceeded 4.27 trillion yuan, up 9.0 percent since the start of this year.

Zhu Xuehan contributed to this story