2022 First Quarter Results Presentation

2022 First Quarter Results

April 2022

Cautionary Statements Regarding Forward-Looking Statements

To the extent any statements made in this Report contain information that is not historical, these statements are essentially forward-looking. These forward-looking statements include but are not limited to projections, targets, estimates and business plans that the Company expects or anticipates may or may not occur in the future. Words such as"potential", "estimates", "expects", "anticipates", "objective", "intends", "plans", "believes", "will", "may", "should",variations of these words and similar expressions are intended toidentify forward-looking statements.

These forward-looking statements are subject to known and unknown risks and uncertainties that may be general or specific. Readers should be cautioned that a variety of factors, many of which are beyond theCompany'scontrol, affect the performance, operations and results of the Company, and could cause actual results to differ materially from the expectations expressed in any of theCompany'sforward-looking statements. These factors include, but are not limited to, exchange rate fluctuations, market shares, competition, environmental risks, changes in legal, financial and regulatory frameworks, international economic and financial market conditions and other risks and factors beyond our control. These and other factors should be considered carefully and readers should not place undue reliance on theCompany'sforward-looking statements. In addition, the Company undertakes no obligation to publiclyupdate or revise any forward-looking statement that is contained in this Report as a result of new information, future events orotherwise. Neither the Company nor any of its employees or affiliates is responsible for, or is making, any representations concerning the future performance of the Company.

Business highlights for 1Q 2022

Group operating profit rose 10.0% YoY

(in RMB million)

1Q 2022

Proportion (%)YoY Change (%)

Operating profit growth drivers

1Q 2021 OPAT

39,120

Property and casualty

Asset management(2)

29,052 3,003 7,448 2,579 2,745

Life and health

3,785

7.0 (41.1)

Property and casualty

(2,093)

Banking

6.0 13.1

Asset management

1,576 299

Technology

412

Others & elimination

(1,780)

(4.1) 3.0

Others & elimination

(52)

1Q 2022 OPAT

43,047

Notes: (1) Operating profit is based on net profit from financial statements, excluding items that are of short-term, volatile or one-off nature and others. For details of computation, please refer to theCompany's1Q 2022 results disclosed on the website of the SSE and results as of March 31, 2022 disclosed on the website of the HKEX.

• (2) The asset management business represents the results of subsidiaries that engage in asset management business including Ping An Trust, Ping An Securities, Ping An Asset Management, Ping An Financial Leasing, andPing An Overseas Holdings.

• (3) The technology business represents the results of subsidiaries, associates and joint ventures that engage in technology business including Autohome, Lufax Holding, OneConnect, and Ping An Health.

• (4) Operating profit refers to the operating profit attributable to shareholders of the parent company.

• (5) Figures may not match the calculation due to rounding.

Solvency margin ratios comfortably above regulatory requirements under C-ROSS Phase II Rules

Note: Solvency margin ratios of Ping An Life and Ping An P&C are computed in accordance with the C-ROSS Phase II Rules and the transition period policy. If the transition period policy is not considered, the companies' coresolvency margin ratios will still be above 100%.

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Ping An Insurance (Group) Co. of China Ltd. published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 09:32:32 UTC.