Ping An Insurance Announces 13th Consecutive Year of Cash Dividend Increases
HONG KONG and SHANGHAI, March 19, 2025 – Ping An Insurance (Group) Company of China, Ltd. (Ping An or the Group), one of the world’s leading technology-powered retail financial services groups, announced its financial results for the year ended December 31, 2024. These results marked the 13th consecutive year of cash dividend increases for the company.
Financial Highlights
Ping An reported a total revenue of CNY 711.9 billion ($102.3 billion USD), representing a year-on-year increase of 13.8%. Its net income attributable to shareholders reached CNY 105.7 billion ($15.1 billion USD), up by 12.7% compared to the previous year. The strong financial performance was driven by the robust growth of its technology-driven businesses, particularly in the health, property and casualty insurance, and wealth management sectors.
Dividend Announcement
The Board of Directors proposed a final dividend of HKD 2.30 (approximately USD 0.29) per share, an increase of 10% compared to the previous year. This marks the 13th consecutive year of dividend increases for Ping An. The total dividend for the year is expected to be HKD 4.60 (approximately USD 0.59) per share, representing a yield of 2.4% based on the closing price of HKD 193.60 (approximately USD 25.33) on March 18, 2025.
Impact on Shareholders
The consistent increase in cash dividends is a positive sign for Ping An’s long-term commitment to its shareholders. This dividend increase will result in additional income for investors, providing them with a steady stream of returns. The yield of 2.4% is higher than the average yield for the financial sector, making Ping An an attractive investment option for income-focused investors.
Impact on the World
Ping An’s strong financial performance and consistent dividend increases are indicative of the growing strength and stability of the Chinese economy. With China being the world’s second-largest economy, the success of Ping An and other Chinese companies can positively impact global financial markets. Furthermore, Ping An’s focus on technology and innovation is setting new standards in the financial services industry, inspiring other companies to follow suit.
Conclusion
Ping An’s 13th consecutive year of cash dividend increases is a testament to the company’s financial strength and commitment to its shareholders. This announcement is not only a positive sign for Ping An’s investors but also for the global financial markets, as it underscores the growing strength and stability of the Chinese economy. Ping An’s focus on technology and innovation continues to set new standards in the financial services industry, making it an attractive investment option for those seeking steady returns and long-term growth.
- Ping An reported a total revenue of CNY 711.9 billion ($102.3 billion USD) with a net income attributable to shareholders of CNY 105.7 billion ($15.1 billion USD).
- The Board of Directors proposed a final dividend of HKD 2.30 (approximately USD 0.29) per share, marking the 13th consecutive year of dividend increases.
- This dividend increase will result in additional income for investors, providing them with a steady stream of returns.
- Ping An’s strong financial performance and consistent dividend increases are indicative of the growing strength and stability of the Chinese economy.
- Ping An’s focus on technology and innovation continues to set new standards in the financial services industry.
