Ping An Insurance (Group) Company of China, Ltd.

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Presentation transcript:

Ping An Insurance (Group) Company of China, Ltd. (HKEx Stock Code: 2318, SSE Stock Code: 601318, ADR:PNGAY US) Fact Sheet for Investors (As at December 31, 2012) Ping An Insurance (Group) Company of China, Ltd. (Ping An or our company) is one of China’s leading personal financial services groups. Since its inception in 1988, Ping An has become one of the foremost integrated financial service group offering mainly insurance, banking, investment products and services. Backed by our integrated financial structure, local expertise and best practices in corporate governance by its international standards, we provide insurance, banking and investment services to nearly 80 million customers, and achieved a net profit attributable to shareholders of the parent company RMB 20,050 million. Introduction INSURANCE Ping An Life Ping An P&C Ping An Annuity Ping An Health Ping An HK BANKING Ping An Bank INVESTMENT Ping An Trust Ping An Securities Ping An Asset Management Overseas Holdings (HK) Ping An-UOB Fund Structure Business Establish a core business structure with the insurance, banking and investment businesses of the Group. Build an integrated financial services platform with a model of “one customer, one account, multiple products and one-stop services”; Grow our customer base and assets to be the market leader; Achieve a sustainable growth of profits and provide shareholders with stable returns on a long-term basis. Positioning Strategic SHARED PLATFORM Ping An Processing & Technology Ping An Channel Development Ping An Marketing Services Ping An Technology Maintain a healthy and steady development of property and casualty insurance and life insurance businesses and promote their market competitiveness to achieve a stable increase in market share; Expand new service areas such as corporate annuity business and health insurance business. Develop an integrated banking business by fully utilizing various resources including customers, products, channels and platforms to gradually capture synergies across our businesses; Build the banking business into a core pillar of the Group’s integrated financial services business that will offer customers a one-stop service for multiple financial products. Build and grow investment capabilities and establish an advanced investment platform; Strengthen the asset-liability-management process and implement a sophisticated risk control mechanism; Develop and strengthen third-party assets management business to provide customers with multiple and high-quality investment products and to become the leader in China’s wealth management market. Insurance In 2012, our insurance business continued its steady and healthy growth. Ping An Life continued to focus on value creation under the core strategy of “Reaching New Heights” and “Two-Tier Development”, written premiums generated by our life insurance business amounted to RMB191,473 million, among which, written premiums from the more profitable individual life insurance business recorded an increase of 10.0%. Ping An Property & Casualty continued to implement its business strategy of “professional operations and leading services”, which led to a significant increase of 18.5% in premium income to RMB98,786 million, and the market share increased by 0.5 percentage points compared with 2011. Of that amount, RMB28,530 million came from the automobile insurance telesales business, representing a 26.5% growth. Its combined ratio was 95.3%, demonstrating good and stable profitability. Ping An Annuity maintained its leading position in the industry in terms of assets under corporate annuity schemes and annuity management fees income. Through the Vitality health promotion program, Ping An Health launched a high-end medical insurance product that provides medical coverage and rewards those arousing a healthy lifestyle. As the first-of-its-kind in China, the product will give Ping An Health a definitive competitive edge in the industry. In 2012, the banking business realized a net profit of RMB13,232 million, up by 65.9% as compared with 2011, and contributed RMB6,870 million to the Group, representing a proportion of 34.3%, growing from 26.4% in 2011. As at December 31, 2012, total deposits amounted to RMB1,021,108 million, representing an increase of 20.0%, total loans amounted to RMB720,780 million, representing an increase of 16.1%. trade finance facilities balance amounted to RMB287.28 billion, representing an increase of 23.1% as compared with the end of 2011; while credit cards in force (CIF) reached 11 million. On January 14, 2013, the consolidation of the two banks’ systems was completed and went live online, marking the full completion of the three-year-long consolidation exercise. Ping An Trust recorded stable growth in its private wealth management business, the cumulative number of high net-worth customers surpassed 18,000. Ping An Securities successfully sponsored 14 IPOs and two refinancing projects as the lead underwriter; ranking third in terms of deal numbers and underwriting revenue for IPOs. It also completed 44 bond issuance projects as the lead underwriter, with the number of deals rising by 159% compared with last year. The investment management business remains innovative and has successfully launched three HKEx-listed ETF funds, strengthening the influence of Ping An’s investment brand in the overseas market. Banking Businesses Highlights Vision Investment DISTINCTIVE COMPETITIVE ADVANTAGES Maintain stable and healtlhy growth acros the Group’s business on the back of China’s robust economic development; An active promoter of reform and innovation in various areas, Ping An remains a trailblazer in the industry; The leading personal financial services group in China with the largest number of financial service licenses, the widest range of business offerings, and the most closely guarded governance structure; Growing cost advantages and synergies supported by a powerful back office centralization operating platform; the immense power of leading technology sets a solid foundation for the best service experience to customers. SOUND CORPORATE GOVERNANCE SYSTEM Corporate duties served by our comprehensive system: the Three Committees operate independently and in compliance with the law; the professional committees and the Executive Committee under the Board conduct decision-making and implementation, respectively; A clear development strategy, a unique corporate culture, and an international and professional management team; A leading and comprehensive risk management system; A disclosure mechanism characterized by truthfulness, accuracy, completeness, timeliness and fairness; An investor relations function that operates with rigor, enthusiasm and effectiveness. FULL COMMITMENT TO SOCIAL CORPORATE RESPONSIBILITY Commitment to shareholders: increase asset value and generate stable returns Commitment to clients: ensure trust with solid service Commitment to employees: career development with more opportunities Commitment to communities: reciprocate the society and build our nation Commitment to business partners: achieve win-win with mutually beneficial partnership Company Network Investment value Ratings Cities where the branches of the principal businesses of Ping An are located. [AAA]: China Chengxin International Credit Rating Co., Ltd. [AAA]: Dagong Global Credit Rating Co., Limited

Fact Sheet for Investors (Updated as at Dec 31, 2012) ( RMB million) 2012 2011 Change Life Insurance Business Written premiums 199,483 187,256 6.5% Net profit 6,457 9,974 - 35.3% Embedded value 177,460 144,400 22.9% Solvency margin ratio (%) 190.6 156.1 34.5pp P&C Insurance Business Premium income 99,089 83,708 18.4% 4,648 4,979 - 6.6% Combined ratio (%) 95.3 93.5 1.8pp 178.4 166.1 12.3pp Banking Businesses Net interest income 33,243 18,371 80.9% Net profit* 13,232 7,977 65.9% Net interest spread (%) 2.19 2.33 (0.14pp) Capital adequacy ratio (%) 11.37 11.51 Non-performing loan ratio (%) 0.95 0.53 0.42pp Securities Business Total income 2,694 3,080 (12.5%) 845 963 (12.3%) Trust Business 3,031 2,407 25.9% 1,524 1,063 43.4% Portfolio (%) Investment Dec 31, 2012 (Dec 31, 2011) (RMB Million) 2012 Dec 31 2011 Change Total Assets 2,844,266 2,285,424 24.5% Total Liabilities 2,634,617 2,114,082 24.6% Total Equity 209,649 171,342 22.4% Embedded Value 285,874 235,627 21.3% Group solvency margin ratio (%) 185.6 166.7 18.9pp For the year ended Dec 31, Total Income 339,193 272,244 Net Profit attributable to shareholder of the Parent Company 20,050 19,475 3.0% Basic Earnings Per Share (in RMB) 2.53 2.5 1.2% Net Investment Yield (%) 4.7 4.5 0.2pp Total Investment 2.9 4.0 (1.1pp) Indexes Main Figures Key Total Market Cap: HKD 472.749 billion (Dec 31, 2012) HK$ H Shares Outstanding 3,130 million (28.34%) HKEx Stock Code: 2318 52 Week Range Low – HK$48.70 (Jan 6, 2012) High – HK$68.35 (Feb 22, 2012) H Shares - 52 Week Range Markets Facts RMB A Shares Outstanding 4,786 million (71.66%) SSE Stock Code: 601318 52 Week Range Low – RMB33.85 (Jan 6, 2012) High – RMB46.24 (Jul 6, 2012) A Shares - 52 Week Range Source:Bloomberg