Ping An Health, one of the leading providers of health insurance and healthcare services in China, has announced its 2022 annual results. The company reported a net profit of RMB9.9 billion (US$1.5 billion), a 21.6% increase year-on-year. Total operating income reached RMB47.1 billion (US$7.2 billion), a 22.3% increase compared to the previous year.
The impressive results were largely driven by the growth of Ping An Health’s core insurance business. Premiums from life and health insurance, the company’s main source of income, reached RMB33.8 billion (US$5.2 billion), a 26.2% increase year-on-year. The company’s other core businesses, such as medical services and healthcare services, also contributed to the strong performance.
Ping An Health attributed the strong performance to its focus on providing quality healthcare services and innovative products. The company’s extensive network of medical service providers, technology platforms, and digital products has enabled it to provide customers with more comprehensive health services, including chronic disease management and digital consultations.
The company also highlighted its commitment to innovation, noting that it had invested heavily in research and development to improve its products and services. This investment has resulted in various new products, such as a mobile health app and a telemedicine platform.
Ping An Health’s 2022 annual results demonstrate its commitment to providing quality healthcare services and innovative products. The company’s strong performance is a testament to the success of its strategy, which is expected to continue to drive growth in the years to come.