Ping An Insurance of China : Summary of Solvency Report of Ping An Group for 1H2021

Ping An Insurance (Group) Company

of China, Ltd.

(C-ROSS)

Summary of Solvency Report

for the First Half of 2021

Contents

I. Basic Information ..........................................................................................................................	1
II. Major Indicators ...........................................................................................................................	3
III. Actual Capital..............................................................................................................................	3
IV. Minimum Capital ........................................................................................................................	4
V. Comprehensive Risk Assessment .................................................................................................	5
VI. Risk Management .......................................................................................................................	5
VII. Liquidity Risk........................................................................................................................	12
VIII. Regulatory Measures Taken by Regulators against the Company ..................................	13

I. Basic Information

(I) Company overview and reporting contact

Company name:	Ping An Insurance (Group) Company of China,
	Ltd.
Type of security and listing place:
	A share	The Shanghai Stock Exchange
	H share	The Stock Exchange of Hong Kong
		Limited

Security name and stock code:
	A share	中国平安	601318
	H share	Ping An	2318
Legal representative:	Ma Mingzhe
Registered address:	47th, 48th, 109th, 110th, 111th and 112th Floors,
	Ping An Finance Center,
	No.5033 Yitian Road,
	Futian District,
	Shenzhen
Business scope:	Investing in financial and insurance enterprises,
	supervising and managing onshore and offshore
	businesses of subsidiaries, and engaging in fund
	utilization
Reporting contact:	Ma Yuqiong
Office telephone:	0755-22628621
Fax:	0755-82431029
Email address:	[e-mail]

(II) Shareholding structure and shareholders

The shareholding structure and shareholders of Ping An Group (the "Group") have been

1

disclosed in the Interim Report of the Group for 2021.

(III) Particulars of controlling shareholder and de facto controller

The shareholding structure of the Group is relatively scattered. There is no controlling shareholder, nor de facto controller.

(IV) Subsidiaries and jointly controlled entities

The information on the subsidiaries and jointly controlled entities of the Group has been disclosed in the Annual Report of the Group for 2020 and the Interim Report of the Group for 2021.

(V) Directors, supervisors, and senior management

The information on the directors, supervisors, and senior management of the Group has been disclosed in the Annual Report of the Group for 2020 and the Interim Report of the Group for 2021.

2

II. Major Indicators

	As of June 30, As of December 31,
Indicators	2021/For the six	2020/For the six
months ended June	months ended June
	30, 2021	30, 2020
Core solvency margin ratio (regulatory	230.9%	231.8%
requirement >= 50%)
Core solvency margin surplus (in RMB	1,442,683	1,395,738
million)
Comprehensive solvency margin ratio	235.1%	236.4%
(regulatory requirement >= 100%)
Comprehensive solvency margin surplus (in	1,077,373	1,047,336

RMB million)

Premium income (in RMB million)

Net profit (in RMB million)

Net profit attributable to shareholders of the parent company (in RMB million)

422,498445,505

67,96375,968

58,00568,683

Net assets (in RMB million)	1,028,914	987,905
Comprehensive risk assessment result for the	N/A	N/A
latest period
III. Actual Capital
Indicators (in RMB million)	June 30, 2021	December 31, 2020
Actual capital	1,874,992	1,815,140
Including: Core tier-1 capital	1,715,715	1,646,216
Core tier-2 capital	125,777	133,424
Supplementary tier-1 capital	33,500	35,500
Supplementary tier-2 capital	-	-

3