In the first quarter of 2021, Ping An Insurance has posted an operating profit of CNY 39.120 billion (YoY+8.9%). The number of insurance customers continues to grow, with more than 220 million individual customers at the end of March 2021 (YoY +1%). They also have the largest car service app in China, with now 133 million users (+5.1% since 2021). The banking business is stable and doing well, with Ping An Bank
posting Q1 operating income of CNY 41.788 billion (YoY 10.2%), with a net profit of CNY 10.132 billion (YoY 18.5%).
This briefing is contributed by and first appeared on CIMK.