FilingReader Intelligence

Ping An posts strong 2024 results, proposes final dividend

March 19, 2025 at 05:08 PM UTCBy FilingReader AI

** Ping An Insurance (Group) Company of China (HKEX: 2318) announced a robust financial performance for the year ended December 31, 2024, fueled by rebounding core businesses. Operating profit attributable to shareholders of the parent company (OPAT) reached RMB121.9 billion, a 9.1% increase year-on-year, while net profit jumped 47.8% to RMB126.6 billion. Building on this performance, Ping An proposed a final cash dividend of RMB1.62 per share, bringing the full-year dividend to RMB2.55 per share, a 5% increase and payout ratio of 37.9%. The company will upgrade the ‘worry-free, time-saving, and money-saving" value proposition’. Additionally, it will hold its AGM on May 13, 2025, and has nominated three new independent non-executive directors. Following this, the board authorized a plan to cancel 102,592,612 repurchased A shares and reduce the registered capital.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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