PING AN Insurance (2318) increased its annual dividend by 5.9% to RMB 2.7 per share last year, maintaining an upward trend for 10 consecutive years; in terms of total dividend payout, it has increased for 14 consecutive years. Regarding whether this year's dividend can continue to rise, Co-CEO Guo Xiaotao stated that the company's dividend policy is aligned with operating profit and ensures predictable long-term stable returns for shareholders. He expressed confidence in the continuous growth of operating profit, which also implies confidence in the continuous growth of dividends.
Guo Xiaotao mentioned that he is confident in the continuous growth of the company's liability-side business and profit accumulation, and that long-term investment returns are minimally affected by short-term market conditions, as a certain proportion of investment returns must be reserved according to regulatory requirements for future contingencies, thus being able to withstand short-term market fluctuations. Therefore, he is confident in the continuous growth of operating profit and dividends.
<h2>New Business Value Grows Double Digits for 3 Consecutive Years</h2>
Ping An's new business value in life insurance and health insurance has recorded double-digit growth for three consecutive years, with last year's growth rate at 29.3%. He indicated that the growth of new business value in the first quarter of this year is very promising, and he is also confident about the annual growth rate, mainly due to the entire life insurance market entering a golden development period and benefiting from the company's balanced channel development strategy. The agent channel is undergoing a high-quality transformation, while the bancassurance channel is developing rapidly, along with investments in building community financial channels, which are driving business growth. He believes that the current number of about 350,000 agents is at an appropriate level but will continue to increase the proportion of high-performing agents (with quarterly average first-year premium commissions reaching RMB 3,500) to enhance agent productivity.
Regarding the transformation of the life insurance market towards participating insurance, he believes it is a positive trend that can help life insurance companies reduce liability costs. He also anticipates that this year, over 70% of product sales in the life insurance industry will be concentrated in the participating insurance sector, as the returns are more attractive than traditional insurance, which will also help promote the growth of Ping An's life insurance performance.
Ping An actively began allocating gold investments at the beginning of last year. Guo Xiaotao stated that Ping An is one of the first domestic insurance companies to invest in gold. As of the end of last year, its gold investment accounted for a very small proportion, far below the regulatory upper limit requirement, which states that the book balance of gold investments must not exceed 1% of the company's total assets at the end of the previous quarter. He noted that the company evaluates this allocation based on the long-term trend of gold and is not affected by short-term fluctuations

GDXW

518850

82824

Ping An Insurance (2318) increased its dividend by 5.9% to HKD 2.7 per share last year, marking 10 consecutive years of growth. Co-CEO Guo Xiaotao stated that the company is confident in the continued growth of operating profit and dividends, as its dividend policy is aligned with operating profit. The new business value has seen double-digit growth for three consecutive years, with a growth rate of 29.3% last year. He believes that the transformation of the life insurance market towards participating insurance is a positive trend, and expects that over 70% of product sales this year will be concentrated in the participating insurance sector. Ping An began actively allocating investments in gold last year and is optimistic about the long-term trend of gold

Stheadline

Roundhill Gold Miners Weeklypay ETF

ChinaAMC Gold ETF

EFUND GOLD MI-R

Microsectors Gold Miners 3x Leveraged ETN

Direxion Daily Gold Miners Bull 2X

Sprott JR Gold Miners ETF

PING AN

iShares MSCI Global Gold Miners

EFUND GOLD MI ETF

Us Gbl GLD & Met

Pro Ultr GLD

Ping An Insurance

Direxion Daily Jr Gold Miners Bull 2X

VanEck Gold Miners ETF

EFUND GOLD MI-U

VanEck Junior Gold Miners ETF

iShares Gold Trust

SPDR Gold Shares

SPDR GOLD TRT

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Abrdn Gold ETF Trust

Sprott GLD Miners Etf

Ping An's dividends have increased for ten consecutive years, expressing confidence in maintaining the upward trend