Ping An Insurance (Group) Company of China Ltd - Company Profile
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Ping An Insurance (Group) Company of China Ltd (Ping An) is an integrated financial conglomerate providing insurance, banking and investment products and services to individuals and corporate clients. The group offers a range of life and non-life insurance products such as motor insurance, property loss insurance, liability insurance, credit and trust insurance, cargo insurance, whole life insurance, universal life insurance, endowment insurance, health insurance, and annuities. Ping An also provides personal and business banking, trust, wealth management, investment, securities brokerage, securities investment consulting and securities trading services. It operates in China and Hong Kong. Ping An is headquartered in Shenzhen, China.
Headquarters
China
Address
15f-18f, Xinghe Development Center, Shenzhen, Guangdong, 518033
Website
www.pingan.cn
Telephone
86 400 8866338
No of Employees
288,751
Industry
Financial Services
Ticker Symbol & Exchange
601318 (SHA)
Revenue (2022)
$111.7B
1.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-22.8%
(2022 vs 2021)
Market Cap*
$85.4B
Net Profit Margin (2022)
XYZ
-23.7%
(2022 vs 2021)
* As of and is in US$
Ping An Insurance (Group) Company of China Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Life Insurance | Banking: | Ping An |
| Term Life Insurance | Retail Banking | |
| Annuity Plans | Credit Card Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Others | In March, the group was affirmed with a financial strength rating of ‘A’ from AM Best. |
| 2023 | New Products/Services | In February, the company launched its first ocean carbon sink index insurance policy in the city of Dalian, China. |
| 2023 | Regulatory Approval | In February, Ping An Bank’s Hong Kong branch received insurance agency approval from Hong Kong Insurance Authority. |
Competitor Comparison
| Key Parameters | Ping An Insurance (Group) Company of China Ltd | China Pacific Insurance (Group) Co Ltd | China Taiping Insurance Holdings Co Ltd | Huatai Insurance Company of China, Limited | Sinosafe General Insurance Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | Hong Kong | China | China |
| City | Shenzhen | Shanghai | Hong Kong | - | Shenzhen |
| State/Province | Guangdong | Shanghai | - | - | Guangdong |
| No. of Employees | 288,751 | 104,502 | 65,532 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| MA Mingzhe, Peter | Chairman | Executive Board | 2012 | 67 |
| Xie Yonglin | Director; Co-Chief Executive Officer; President | Executive Board | 2020 | 53 |
| Yao Jason Bo | Executive Vice President; Co-Chief Executive Officer; Director | Executive Board | 2012 | 52 |
| Tan Sin Yin, Jessica | Co-Chief Executive Officer; Executive Vice President; Director | Executive Board | 2020 | 45 |
| Cai Fangfang | Chief Human Resources Officer; Director; Senior Vice President | Executive Board | 2015 | 49 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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