Ping An Annuity

Ping An Annuity Insurance Co., Ltd. (hereinafter referred to as "Ping An Annuity" or "the Company") is a subsidiary of Ping An Group. Established in Shanghai in December 2004, it is the first professional annuity insurance company in China. In 2006, the Company underwent restructuring with Ping An Life Insurance's group insurance business. The Company's registered capital is RMB 11.603 billion, making it the largest annuity insurance company in China. As of December 31, 2022, the Company had a total of 8,738 employees, including 214 investment personnel and annuity product managers, 386 actuarial and insurance underwriting/claim personnel, 1,903 operations and customer service staff, and 335 IT development staff. The Company has a nationwide service network and an excellent professional team, with 35 branch companies and over 100 central sub-branches. Ping An Annuity aims to be a 'professional pension asset management institution' and a 'leading health management and security service provider', focusing on livelihood services and supporting the development of the pension and health industry. As of the end of 2022, Ping An Annuity had provided enterprise annuity, insurance, asset management, and government-insured services to 4.28 million group clients cumulatively, and is currently serving 450,000 group clients and 186 million individual clients with annuity, insurance, asset management, and government-insured services. The Company's self-developed official online customer service platform, the 'Haofuli' APP, integrates pension annuity, insurance protection, and health management, dedicated to providing professional, considerate, and efficient services to corporate employees. In 2022, Ping An Annuity achieved original insurance premium income of RMB 18.483 billion, ranking among the top in the industry in market share. As of the end of 2022, the total entrusted management assets under the Company, including enterprise annuities, occupational annuities, pension security, and other entrusted assets, amounted to RMB 1,118.16 billion. Among these, the period-end entrusted management assets for enterprise annuity trusteeship were RMB 432 billion, and for enterprise annuity investment management were RMB 237.2 billion; for occupational annuity trusteeship, period-end assets were RMB 235.7 billion, and for occupational annuity investment management, RMB 85.2 billion. Since its establishment, Ping An Annuity has consistently upheld and strengthened the leadership of the Party, emphasized high-quality development of Party building, and achieved positive results in political, ideological, organizational, disciplinary, and position-building aspects. As of the end of 2022, the Company had over 60 Party organizations with nearly 1,000 Party members. Under the leadership of the Ping An Group Party Committee, Ping An Annuity will continue to enhance the standardization and institutionalization of Party building, leverage the important role of Party building in guiding corporate development, and promote the Company's greater responsibility in serving society and safeguarding people's livelihoods. Ping An Annuity has always remembered its original aspiration and mission to serve society and repay the country. It proactively shoulders social responsibilities and continuously invests in public welfare causes such as major disaster relief, environmental protection, education and charity, Red Cross public welfare, and community services. To date, it has invested over RMB 50 million cumulatively, with insurance coverage amounting to billions, benefiting millions of people. In 2022, the Company leveraged its professional strengths in rural revitalization, livelihood security, assistance to vulnerable groups, support for small and micro enterprises, major events, and consumer protection, stabilizing its main business, seeking innovation, alleviating social difficulties, and fully safeguarding social livelihoods. As of the end of 2022, Ping An Annuity had donated approximately RMB 3 million in funds and materials, benefiting 210,000 people, with donated insurance coverage benefiting over 30,000 people, and a total of 20,013 effective policies at period-end, with an insured amount of RMB 18.25085 billion. With its comprehensive strength and industry advantages, the Company was elected as the executive director unit of the China Insurance Association and the chair unit of its Pension Insurance Professional Committee, and has been continuously rated as 'Asia's Outstanding Annuity Insurance Company'. Additionally, the Company has won numerous awards such as 'Best Technology Innovation Insurance Company', 'Annual Excellent Pension Insurance Service Provider', and 'Public Trusted Insurance Institution'. Looking ahead, Ping An Annuity will continue to shoulder the heavy responsibility of serving people's livelihood security, adhere to the development concepts of innovation, coordination, green development, openness, and sharing, and support the national strategy of building a 'multi-level, multi-pillar basic pension insurance system' and a 'Healthy China'.