Ping An (2318 HK) - 1Q24 NBV Beat; Life OPAT Y/Y Turned Positive
Ping An’s first-quarter results show resilience in core lines, with Life VNB +20.7% YoY to RMB12.9bn under new EV assumptions, beating market...
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Ping An (2318 HK) - Resilient DPS Despite OPAT Decline
Ping An reported FY23 results, with the L&H EV economic assumptions cut by 50bps on long-term investment return from 5.0% to 4.5%, and 150bps on...
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Ping An (2318 HK) – 1H23 NBV Beat Consensus
Ping An disclosed 1H23 results with NBV +32.6% YoY (+45.0% restated for prior value on basis of comparable EV assumptions and method)
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Ping An (2318 HK) – VNB Growth Beat Expectation in 1Q23
We note that, excluding the negative impact of assumption changes, the VNB growth even reached 21.1% YoY in 1Q23, reflecting robust new business...
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Ping An (2318 HK) – Expect VNB turnaround in 1Q23 and FY23
Ping An saw its VNB momentum turn positive in 4Q22 with 11.7% YoY growth, as its channel reform scheme expanded to nationwide.
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