Below are the financial statements of Ping An, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of CNY | 2024 | 2023 |
|---|---|---|
| Insurance revenue | 551.19a | 536.44a |
| Interest revenue from banking operations | 197.96a | 227.55a |
| Interest revenue from non-banking operations | 123.63a | 118.5a |
| Fees and commission revenue from non-insurance operations | 45.79a | 45.81a |
| Investment income | 161.07a | 33.32a |
| Share of profits and losses of associates and joint ventures | -3.48a | 1.43a |
| Other revenues and other gains | 65.19a | 68.8a |
| Total revenue | 1,141.35a | 1,031.86a |
| Insurance service expenses | -449.1a | -440.18a |
| Allocation of reinsurance premiums paid | -14.69a | -14.18a |
| Less: amount recovered from reinsurer | 11.09a | 10.45a |
| Net insurance finance expenses for insurance contracts issued | -172.66a | -123.96a |
| Less: net reinsurance finance income for reinsurance contracts held | 0.96a | 0.54a |
| Interest expenses on banking operations | -104.05a | -108.61a |
| Fees and commission expenses on non-insurance operations | -7.84a | -8.77a |
| Net impairment losses on financial assets | -85.58a | -77.74a |
| Net impairment losses on other assets | -7.18a | -1.33a |
| Foreign exchange gains/(losses) | 0.38a | 0.12a |
| General and administrative expenses | -84.05a | -83.88a |
| Changes in insurance premium reserves | -0.36a | -0.23a |
| Interest expenses on non-banking operations | -19.41a | -24.35a |
| Other expenses | -38.37a | -39.64a |
| Total expenses | -970.85a | -911.75a |
| Profit before tax | 170.5a | 120.12a |
| Income tax | -23.76a | -10.84a |
| Profit for the year | 146.73a | 109.27a |
| Attributable to: | — | — |
| Owners of the parent | 126.61a | 85.67a |
| Non-controlling interests | 20.13a | 23.61a |
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