Chinese Ping An insurance company has issued the performance of fiscal year 2009. Last year, in the face of not occur even in a hundred years of the international financial crisis and the complicated situation at home and abroad,Chinese peaceActively seize the market opportunities, to turn challenges into opportunities, insurance, banking and investment three major business development to achieve sustained, rapid, healthy, comprehensive financial platform for building momentum, cross selling synergistic effect appears day by day. During the year, the overall profitability of the company is greatly improved, the annual net profit of 14500000000 yuan, more than last year growth of 786%, exceeding market expectations. Achieve earnings per share 1.89 yuan (2008: 0.19 yuan). The board of directors proposed a final dividend of 2009, earnings per share 0.30 yuan.

The 2009 annual performance Abstract

Note: according to the Ministry of Finance and China issued by the China Insurance Regulatory Commission "interpretation of the accounting standards for Enterprises No. second" and other related regulations,SafetyIn the A shares and H shares the 2009 financial report of the accounting policy change, and in 2008 the financial data of the retroactive adjustment corresponding. Changes in accounting policies, there is no difference in major financial data security in A shares and H shares in financial reporting.

The three major business sustained and healthy development of the good momentum of comprehensive financial platform construction

Chinese Ping An chairman and chief executive Ma Mingzhe said: "2009 is a year full of challenges. In the face of the international financial crisis and the complicated situation at home and abroad, China peace to size up the situation, decisive decision-making, to turn challenges into opportunities, insurance, banking, investment of three major business development to achieve sustained, rapid, healthy."

"Strong growth momentum remained safe insurance, life insurance premiums throughout the year to achieve the scale of 134503000000 yuan, a year-on-year growth of 31.4%, the market share than in 2008 increased by 2.5%. Ping An insurance business premium income of RMB 30000000000 to jump on the platform, the market share reached 12.9%, historical in the market second, the comprehensive cost rate is down 5.1% year on year to 98.9%. Ping An pension insurance, enterprise annuity payment, entrusted with the management of assets and management of investment assets of three indexes in the professional pension insurance companies are among the forefront of."

"Ping An bank business to maintain a rapid growth in business. At the end of 2009, Ping An Bank total assets exceeded 220000000000 yuan, deposit, loan balance at the end of 2008 increased by 39.6% and 48.4% respectively. Credit card card volume total circulation of more than 3400000, the total transaction amount of more than 36000000000 yuan."

"Active safety investment business to deal with the changes of the capital market, asset allocation, investment banking and trust significantly securities asset management business performance. Ping an asset management to better grasp the investment timing and rhythm, to realize an annual total investment return rate of 6.4%. Ping An Securities investment banks remain in the small board and gem financing advantages, the main underwriting number occupation rate of market leading. Ping An Trust Management of trust assets amounted to 130551000000 yuan, compared to the end of 2008 an increase of more than 100%." "At the same time, peace comprehensive financial platform for building momentum, cross selling synergistic effect appears day by day. Among them, the new bank credit card 56.5%, insurance business premium income of 14.5% comes from the cross selling. The first stage project completed. In 2009 August, the company formally to the market with strong account integration and management function 'ping an one', as of 2009 12 at the end of the month, 'ping an one' cumulative has over 4000000 registered users."

"2009 is Christmas continued, actively fulfill the social responsibility of the enterprise of the year. In 2009, the first to launch a number of peace social service commitment, including peace 'million yuan, complete information, the three day of Ping An insurance claim', 'for you to find the claim reason', 'the loss of credit card 72 hours before the lost card protection', 'Ping An Bank Personal customer ATM withdrawals free, online banking free and online banking security' remittance, service standards are breaking a new record. 'the first anniversary of the 5.12' Wenchuan earthquake, Ping An announced the initial donation of 10000000 yuan in the national peace hope primary school 'Chinese peace hope scholarship'. Up to now, peace has been in the national various provinces and cities in remote and poor area build 52 hope primary school. In 2009 December, the company will donate 5000000 Yuan 'Chinese Ping An inspirational fund to Chinese Youth Development Fund'."

Life insurance service: service quality continuously optimize market share rapidly upgrade

In 2009, the life insurance industry Chinese premium 11% more than last year, showing a steady growth. In the premise of safety compliance management, to guard against the risk of increased efforts to open up the new business, the continuous optimization of service quality at the same time, the market share rapidly increase. On the basis of Chinese CIRC released data Chinese insurance industry calculation, Ping An Life insurance business the size of the premium accounted for total premium of life insurance company in 16.5% China scale.

In 2009, Ping An life around the "new heights" and "two development" strategy, continue to promote business development. Individual life insurance business to focus on payment of insurance products to provide a stable income, to ensure the long-term stable profit. 2009 from the individual life insurance business the size of the premium for 99863000000 yuan, up 26.2% over last year. At the same time, Ping An Life Insurance has also increased the development of bank insurance business, the size premium growth of 87.4% over last year. In addition, Ping An Life Insurance Business in 2009 year new business value of 11805000000 yuan, up 38.2% over last year.

Ping An life continue to enhance customer service quality, as of December 31, 2009, the company has about 40740000 individual customers and 560000 corporate customers, individual life insurance clients 13 months and 25 months contract continued rate were maintained at 90% and 85% above the level of satisfaction.

Ping An Life Insurance in the positive development of individual life insurance sales agent team at the same time, through the continuous optimization of sales agent training mechanism, enhance the capacity and level of professional sales agent, the agent first year premium level increased significantly in scale. By the end of 2009 individual life insurance sales agents to about 417000.

Insurance business: market share to 12.9% historic leaps to second industry

In 2009, the premium income of 38774000000 yuan realize the insurance business, an increase of 43.5%, the market share than in 2008 increased by 2 percentage points to 12.9%, history in the industry second. Rapid growth of the business scale. At the same time, the comprehensive cost rate decreased to 98.9%. In 2009, Ping An Property & Casualty completed capital of RMB 2000000000 yuan, up to December 31, 2009, the paid in capital of RMB 6000000000 yuan.

In automobile sales continued warming, the rapid growth of motor vehicle insurance business driven, China insurance industry insurance premium income to achieve 22.3% growth. The opportunity to seize the market better and Ping An Property & casualty insurance business of rapid development, relying on the professional channel management, strengthen the business promotion, steadily enhance the market share. On the basis of Chinese CIRC released data Chinese insurance premium income in 2009 was calculated, peace China insurance companies accounted for about 12.9% of the total premium income.

Ping An Property & Casualty maintain rapid development in business at the same time, through the continuous upgrading of risk screening ability, strengthen quality management and promote the claim operation process reconstruction, reduce the business cost, enhance the company's underwriting profitability, the comprehensive cost rate decreased from 2009 to 2008 104% 98.9%.

Banking: keep the basis of sound and rapid growth of asset quality industry leading

In 2009, Ping An Bank, fast service, health, sustainable growth based on the sound operation. As of December 31, 2009, Ping An Bank has a registered capital of RMB 8623000000 yuan, net assets of 14315000000 yuan, the total assets of 220681000000 yuan, an increase of 51.2% compared to the end of 2008.

In 2009, Ping An bank deposits, loans compared to the end of 2008 increased by 39.6% and 48.4% respectively, growth in the forefront of the industry. The credit card issuing channels continue to expand, the pilot in Beijing no branch hairpin, as of the end of 2009 has been issuing more than 350000 copies. Laying of outlets to achieve further breakthroughs, Guangzhou, Hangzhou, Dongguan branch opened in succession. Credit card, the total transaction amount of more than 36000000000 yuan, the amount of the transaction market share jumped from 1.1% in 2008 to 2.2%, the cumulative circulation card volume has exceeded 3400000, the contribution of the new credit card 56.5% from cross selling.

Rapid growth in business scale. At the same time, in 2009, Ping An Bank credit portfolio and risk management has been further improved, the non-performing loan rate of 0.46% in the control, in the industry-leading level; provision for coverage of 156.0% ; through Kuogu capital, core capital increase of 5000000000 yuan, the successful issue of subordinated debt subordinated capital increase 3000000000 Yuan, by the end of 2009 capital adequacy ratio has reached 13%, the long-term and stable development of these factors for Ping An Bank Business and laid a good foundation.