CHINA TAIPING (00966) 95th Anniversary "Closes": Annual total assets increase by 17.2%, operating income increases by 26.8% year-on-year.

According to the official WeChat account of CHINA TAIPING Insurance Group "Share Taiping", the 2025 work meeting of CHINA TAIPING Insurance Group was held in Shanghai on January 17th. By the end of 2024, the total assets of the group reached 1.61 trillion yuan, an increase of 17.2% over the beginning of the year. Operating income was 170.7 billion yuan, a year-on-year increase of 26.8%. Managed assets were 2.4 trillion yuan, up 7.0% year-on-year. Total premium income was 251.6 billion yuan, an increase of 3.1% year-on-year. Taiping Life's original insurance premium income was 178.5 billion yuan, up 5.7% year-on-year. Taiping Property Insurance premium income was 31.2 billion yuan, up 4.0% year-on-year. Taiping Pension's new contribution was 84 billion yuan, up 38.9% year-on-year. In 2024, CHINA TAIPING (00966) celebrated its 95th anniversary. Looking back at the work of the whole year in 2024, "actively advancing in transformation, adjusting structure, improving quality and enhancing efficiency, achieving new results in high-quality development." In addition to the comprehensive improvement of operational development mentioned at the beginning, key achievements also include: In terms of serving national strategies, vigorously supporting Hong Kong to consolidate and enhance its status as an international financial center, issuing the first dual-risk, dual-trigger catastrophic bonds in Asia in Hong Kong, and the "Hong Kong Bay Area Pension Taiping Plan" won the 2024 Hong Kong Insurance Industry Award. It fully upholds the principle of "one country, two systems", providing insurance coverage for about a third of all taxis in Hong Kong and carrying out the "Chinese Enterprises Caring for the Community" activity benefiting 12,500 Hong Kong residents. Actively participating in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, with the investment scale in the Greater Bay Area increasing by 46% over the beginning of the year. The group officially took over and operated the Hengqin Guangdong-Macao Traditional Chinese Medicine Technology Industrial Park, with the number of customers in the Greater Bay Area exceeding 8 million. Support for the real economy and social livelihood security has increased. The scale of investment in strategic emerging industries exceeded 100 billion yuan, green investment scale was nearly 100 billion yuan, green insurance premium income increased by 26.9%, service premium income for small and micro enterprises increased by 11.2%, and the year-end balance of managed assets in the second pillar pension was 571.1 billion yuan. It has been selected for three consecutive years in the "Fortune" China ESG Influence List. Risk compliance management is increasingly strengthened. Continuously improving the risk compliance management system and solidly cooperating with national audit and internal audit work. The momentum and vitality for development continue to increase. Steadily promote international development, open Taiping Luxembourg and Dubai representative offices, and Taiping Pension strategically invested by Fuji Group. Actively promote the construction of the ecosystem, the opening of CHINA TAIPING Chengdu Furong Renjia and Beijing Yulan Renjia health and wellness communities, and the successful holding of the CHINA TAIPING Medical Health and Wellness Ecosystem Alliance. The continuous strengthening of the customer-first concept, the organization of the fifth CHINA TAIPING Customer Festival and the second Taiping Global Social Practice Camp, and the formal launch of the Hong Kong Global Exchange Lounge. The meeting made an overall deployment of the work in 2025. Among them, the key operational work in 2025 is to vigorously enhance services for national strategies and economic and social development, effectively prevent and resolve risks in a powerful, orderly and efficient manner, deepen the optimization and strengthening of the insurance core business, continuously strengthen investment capabilities, solidly promote the construction of two ecosystems, create excellent service quality, and comprehensively solidify management foundations.