Ping An Insurance (Group) Company of China, Ltd. (BKK:PINGAN01)

BKK:PINGAN01 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	558,496	550,830	536,210	525,903	739,933	757,599
Total Interest & Dividend Income	73,468	44,184	87,382	107,162	200,459	182,834
Gain (Loss) on Sale of Investments	63,171	63,171	-60,312	-57,069	-11,605	40,693
Non-Insurance Activities Revenue	239,623	243,747	273,358	274,766	264,963	250,753
Other Revenue	61,712	61,712	70,238	33,881	79,266	88,020
Total Revenue	996,470	963,644	906,876	884,643	1,273,016	1,319,899
Revenue Growth (YoY)	21.89%	6.26%	2.51%	-30.51%	-3.55%	3.97%
Policy Benefits	460,143	452,703	443,909	426,535	618,662	614,751
Policy Acquisition & Underwriting Costs	-	-	-	-	80,711	102,021
Selling, General & Administrative	84,166	80,473	80,212	76,401	174,783	178,708
Provision for Bad Debts	-5,262	462	152	-23	242	417
Non-Insurance Activities Expense	95,427	111,889	117,378	107,616	102,011	98,587
Other Operating Expenses	45,725	47,586	41,328	32,948	41,450	35,912
Total Operating Expenses	751,482	764,396	754,920	722,315	1,104,333	1,105,527
Operating Income	244,988	199,248	151,956	162,328	168,683	214,372
Interest Expense	-28,261	-26,376	-31,496	-22,698	-28,082	-26,436
Currency Exchange Gain (Loss)	1,607	380	120	3,144	1,267	2,219
Other Non Operating Income (Expenses)	-3,101	-2,757	-463	-439	-2,288	-2,391
EBT Excluding Unusual Items	215,233	170,495	120,117	142,335	139,580	187,764
Gain (Loss) on Sale of Assets	225	-	-	-	-	-
Asset Writedown	-147	-	-	-	-	-
Pretax Income	192,929	170,495	120,117	142,335	139,580	187,764
Income Tax Expense	31,183	23,762	10,843	7,518	17,778	28,405
Earnings From Continuing Ops.	161,746	146,733	109,274	134,817	121,802	159,359
Minority Interest in Earnings	-21,465	-20,126	-23,609	-23,809	-20,184	-16,260
Net Income	140,281	126,607	85,665	111,008	101,618	143,099
Net Income to Common	140,281	126,607	85,665	111,008	101,618	143,099
Net Income Growth	19.62%	47.79%	-22.83%	9.24%	-28.99%	-4.22%
Shares Outstanding (Basic)	17,591	17,693	17,717	17,454	17,607	17,675
Shares Outstanding (Diluted)	18,285	18,107	18,074	17,710	17,771	17,795
Shares Change (YoY)	0.93%	0.18%	2.05%	-0.34%	-0.14%	-0.21%
EPS (Basic)	7.97	7.16	4.84	6.36	5.77	8.10
EPS (Diluted)	7.67	6.99	4.74	6.27	5.72	8.04
EPS Growth	18.48%	47.47%	-24.40%	9.62%	-28.86%	-4.06%
Free Cash Flow	296,579	375,796	352,593	467,905	77,930	302,080
Free Cash Flow Per Share	16.22	20.75	19.51	26.42	4.38	16.98
Dividend Per Share	2.570	2.550	2.430	2.420	2.380	2.200
Dividend Growth	5.76%	4.94%	0.41%	1.68%	8.18%	7.32%
Operating Margin	24.59%	20.68%	16.76%	18.35%	13.25%	16.24%
Profit Margin	14.08%	13.14%	9.45%	12.55%	7.98%	10.84%
Free Cash Flow Margin	29.76%	39.00%	38.88%	52.89%	6.12%	22.89%
EBITDA	254,752	210,630	165,496	174,534	178,062	222,808
EBITDA Margin	25.56%	21.86%	18.25%	19.73%	13.99%	16.88%
D&A For EBITDA	9,764	11,382	13,540	12,206	9,379	8,436
EBIT	244,988	199,248	151,956	162,328	168,683	214,372
EBIT Margin	24.59%	20.68%	16.76%	18.35%	13.25%	16.24%
Effective Tax Rate	16.16%	13.94%	9.03%	5.28%	12.74%	15.13%
Revenue as Reported	1,141,346	1,141,346	1,031,863	985,186	1,287,675	1,321,418

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.