China Taiping Insurance Holdings Co Ltd

Overview

China Taiping Insurance Holdings Co Ltd (CTIH) is an investment holding company. It underwrites property and casualty insurance business, pension and group life business, direct life insurance business, and reinsurance business. Its offerings include property insurance, credit insurance, liability insurance, guarantee insurance, individual and group life insurance and short-term accident and health insurance. The company offers insurance products and services to individuals and corporates through provincial branches, sub-branches and marketing centers, and direct sale representatives. It also focuses on financial leasing, asset management, e-commerce for insurance, insurance intermediaries, securities dealing and broking and property investment. CTIH is headquartered in Causeway Bay, Hong Kong. The company reported total premiums written and policy fees of HKD233,534.5 million for the fiscal year ended December 2020 (FY2020), an increase of 4.7% over that in FY2019. Its net premiums written and policy fees was HKD220,333 million in FY2020, an increase of 3.8% over that in FY2019.
Key Stats
Address
25th Floor, 18 King Wah Road, North Point, Causeway Bay, Hong Kong
Headquarters

Hong Kong

Contact

852 28546100

No of Employees

66,091

Industry

Financial Services

Ticker Symbol & Exchange​

966 [HKG]

Revenue (2020)

$35,167 m

11.9% (2020 vs 2019)
Net Income (2020)

$844 m

-26.6% (2020 vs 2019)
Net Profit Margin

2 %

-34.4% (2020 vs 2019)
Market Cap *

$5,466 m

EPS *

$1.8

  *Note: Ratios based on the share price as of 6-October-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters China Taiping Insurance Holdings Co LtdPing An Insurance (Group) Company of China LtdThe People's Insurance Company (Group) of China LtdChina Pacific Insurance (Group) Co Ltd
Key Information
Headquarters Hong Kong China China China
Headquarter City Hong Kong Shenzhen Beijing Shanghai
Headquarter State/Province - Guangdong Beijing Shanghai
No. of Employees 66,091 362,035 193,494 110,940
Entity Type Public Public Public Public

Products & Services

CTIH is an underwriter of direct life insurance, property and casualty insurance, and reinsurance business. The company's key products and services include:

Products
  • Life Insurance
  • Property and Casualty Insurance
  • Reinsurance
  • Vitae Eget Libero
  • Vitae Eget Libero
Services
  • Real Estate Investments
  • Asset Management
  • Financial Support Services
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Wang Sidong Chairman Executive Board 2020 59 Mr. Wang Sidong has been the Chairman of the company since October 2020. Prior to this, he served as the...
JIAO Yanjun Chief Internal Auditor Senior Management - 48 Mr. JIAO Yanjun is the Chief Internal Auditor of the company. He also serves as Chief Internal Auditor of TPG...
Zhang Ruohan Company Secretary; Chief Financial Officer Senior Management - 45 Mr. Zhang Ruohan is the Chief Financial Officer and Secretary of the company. He also served as the Secretary of...
Non Dignissim Eros Proin vel Convallis 2015 XX In vitae nisi ut tortor rutrum suscipit vel vitae ligula. Mauris sed tellus non augue ultricies ultricies. Aliquam vitae urna congue.
Non Dignissim Eros Proin vel Convallis 2015 XX In vitae nisi ut tortor rutrum suscipit vel vitae ligula. Mauris sed tellus non augue ultricies ultricies. Aliquam vitae urna congue.

History

Year Event Description
2020 Plans/Strategy In June, the company announced its plans to sell 25% of its stake in Taiping…
2020 Others In September, the company was affirmed with financial strength rating of BBB+ with a stable…
2020 Others The company was named in Fortune Global 500 list for the third consecutive year.
2020 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


Taiping Reinsurance Co Ltd

Address

17th Floor, 18 King Wah Road, North Point, Hong Kong
Hong Kong

Telephone

852 28653838

Website

www.tpre.cntaiping.com
Tellon Development Limited

Address

Rm 2403-4, China Insurance Group Building, 141 Des Voeux Road, Central
Hong Kong

Telephone

852 2854 0315

China Taiping Insurance (Singapore) Pte Ltd

Address

3 Anson Road, No. 16-00 Springleaf Tower, Singapore
Singapore

Telephone

65 63896111

Website

www.sg.cntaiping.com
PT China Taiping Insurance Indonesia

Address

16th Floor, The Tower, Jl. Jend Gatot Subroto Kav 12, Jakarta Selatan
Indonesia

Telephone

62 21 2522422

Website

https://www.id.cntaiping.com/index.html
Taiping Life Insurance Co Ltd

Address

Room 2801, 2803A, 2804, Taiping Finance Building, 488 Yincheng Middle Road, Shanghai City
China

Telephone

86 21 50614888

Website

life.cntaiping.com/

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target

Jobs Overview

20

Active Jobs

6

Posted

4

Closed

Job Trends

Latest Jobs

Job title Company Country
Deputy Manager, Investment China Taiping Insurance Holdings Co Ltd Singapore
Claims Manager, Life Insurance China Taiping Insurance Holdings Co Ltd Singapore
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar