2021 Third Quarter Results Presentation

2021 Nine Months Results

October 2021

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 will or may occur in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may be general or specific. Certain statements, such as those including the words or phrases "potential", "estimates", "expects", "anticipates", "objective", "intends", "plans", "believes", "will", "may", "should", and similar expressions or

variations on such expressions may be considered forward-looking statements.

Readers should be cautioned that a variety of factors, many of which are beyond the Company's control, affect the performance, operations and results of the Company, and could cause actual results to differ materially from the expectations expressed in any of

the Company's forward-looking statements. These factors include, but are not limited to, exchange rate fluctuations, market shares,

industry 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 the Company's forward-looking statements. In addition, the Company undertakes no obligation to

publicly update or revise any forward-looking statement that is contained in this report as a result of new information, future events or

otherwise. None of the Company, or any of its employees or affiliates is responsible for, or is making, any representations concerning

the future performance of the Company.

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Overview	Financial	Financial	Technology
Review	Business	Business

Business highlights for 9M 2021

Group

Customer development

L&H insurance

P&C insurance

Banking

Technology

• Operating profit attributable to shareholders of the parent company rose 9.2% YoY to RMB118,737 million which equated to a 20.3% operating ROE (annualized).
• Group had over 225 million retail customers of which 87.74 million (=39.0% of total) held contracts with multiple different subsidiaries.
• Ping An Life unswervingly advanced the transformation toward high-quality development and constantly upgraded its heartwarming insurance products. Ping An Life refined the tiered management of its agent force and improved its team structure, with Diamond Agents remaining stable.
• Ping An P&C's operating profit rose 20.2% YoY to RMB13,283 million aided by 1.8 pps improvement in combined ratio which fell to 97.3%. Ping An P&C made every effort to fight super rainstorms in Henan Province by settling claims as rapidly as possible, with flood claim payments expected to exceed RMB3.4 billion.
• Ping An Bank's net profit rose 30.1% YoY to RMB29,135 million. Non-performing loan ratio improved by 0.13 pps YTD to 1.05%. Provision coverage ratio rose to 268.35%, up 66.95 pps YTD.
• Ping An's technology patent applications increased by 5,423 YTD to 36,835. Ping An leverages cutting-edge technologies to comprehensively upgrade the end-to-end services of its core financial businesses. AI service representatives provided services about 1.54 billion times in the first nine months of 2021.

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Overview Financial

Review

Financial performance for 9M 2021

Operating profit(1)	Annualized
operating ROE
118,737	20.3%
+9.2%	-0.6 pps

Financial Technology

Business Business

(in RMB million)

NBV(2)

35,237

-17.8%

Net profit(1)

81,638

-20.8%

Notes: (1) Both the operating profit and the net profit are attributable to shareholders of the parent company.

(2) The computation of NBV is based on the 11.0% risk discount rate.

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Overview	Financial	Financial	Technology
Review	Business	Business

Group operating profit rose 9.2% YoY

(in RMB million)

9M 2021	Proportion	YoY Change
(%)	(%)

Operating profit growth drivers

					9M 2020 OPAT			108,692
Life and health	72,701	61.2	(2.8)
	Life and health
Property and casualty	13,221	11.1	20.2
			(2,063)
Banking	16,887	14.2	30.1		Property and casualty	2,218
Trust	1,869	1.6	(16.5)		Banking	3,906
Securities	2,808	2.4	17.9		Asset management
								3,441
Other asset management(1)	7,192	6.1	88.9
	Technology	2,768
Technology(2)	7,437	6.3	59.3
					Others & elimination
Others & elimination	(3,378)	(2.8)	7.1
					(225)
	9M 2021 OPAT
The Group	118,737	100	9.2
						118,737

Notes: (1) The other asset management business represents the results of subsidiaries that engage in asset management business including Ping An Asset Management, Ping An Financial Leasing, and Ping An Overseas Holdings.

1. The technology business represents the results of subsidiaries, associates and jointly controlled entities that engage in technology business including Autohome, Lufax Holding, OneConnect, Ping An Good Doctor, and Ping An HealthKonnect.
2. Operating profit refers to the operating profit attributable to shareholders of the parent company.
3. Figures may not match the calculation due to rounding.

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