Ping An Life Insurance Company of China Ltd released its 2022 financial report, recording RMB 148.365 billion (USD 21.485 billion) in operating profits, up 0.3% year-on-year (YOY). The company also reported RMB 107.432 billion (USD 15.55 billion) in net profits and RMB 83.774 billion (USD 12.13 billion) in net profits attributable to the shareholders of the parent company.
Managed Care Expansion
During the period, Ping An launched its own version of Managed Care, reaching RMB 140 billion (USD 20.2 billion) in health insurance premiums. The company has established an extensive online-offline service network, described as “to line, to store, to home.” As of December 31, 2022, Ping An has a team of 4,000 doctors, over 45,000 external contracted doctors, 6 self-owned hospitals, 10,000 partnership hospitals, 100,000 partnership health management institutions, and 224,000 partnership pharmacies.
User Engagement and Market Reach
During the period, more than 55,000 corporate users utilized Ping An’s medical and health ecosystem services. Additionally, nearly 64% of its 227 million individual users also accessed these services. This demonstrates the company’s strong market reach and the effectiveness of its integrated health ecosystem.-Fineline Info & Tech
