Ping An Insurance Group
Ping An Insurance (Group) Company of China, Ltd. (Ping An Group) is the largest insurer in China by assets and market capitalization. It is also the largest insurance company in the world. Ping An offers a comprehensive range of insurance, banking and investment services including term and whole life insurance, property & casualty insurance, health insurance, annuities, asset management, real estate and credit card services, brokerage, trading and other services. For the year ended December 31, 2023, Ping An Property & Casualty provided over 2.29 million small and micro enterprises with comprehensive risk protection totaling more than RMB 200 trillion, processed over 1.68 million claims worth more than RMB 3.2 billion.The company was established in 1988 by Ma Mingzhe and today employs over 288,000 people. Ping An shares are listed on the Hong Kong Stock Exchange (SEHK) and the Shanghai Stock Exchange (SSE), with a market capitalization of US$107 billion as of May 17, 2024.
Financials
| Total Revenue | CNY 1.032 trillion (2023) |
| Profit for the year | CNY 109.27 billion (2023) |
| Gross written premiums (life & health insurance) | CNY 601.9 billion (2023) |
| Gross written premiums (P&C insurance) | CNY 302.2 billion (2023) |
| Gross claims and policyholders benefits | CNY (645.263) billion (2022) |
| Total assets | CNY 11.982 trillion (03/2024) |
| Shareholders' equity | CNY 904.97 billion (03/2024) |
| Number of employees | 288,750+ |
| Number of retail customers | Over 232 million |
Ping An Group Subsidiaries:
Ping An Life Insurance Company of China, Ltd
Ping An Annuity Insurance Company of China, Ltd
Ping An Health Insurance Company of China, Ltd
Ping An Property & Casualty Insurance Company of China, Ltd
Shenzhen Ping An Financial Technology Consulting Co., Ltd
China Ping An Insurance Overseas (Holdings) Limited
Ping An International Financial Leasing Co., Ltd
Ping An Asset Management Co., Ltd
China Ping An Trust Co., Ltd
Ping An Securities Co., Ltd
Ping An Futures Co., Ltd.
Ping An Pioneer Capital Co., Ltd
Ping An of China Securities (Hong Kong)
Ping An Real Estate Co., Ltd
Ping An-UOB Fund
Ping An Bank Co., Ltd
Headquarters address:
Ping An Finance Center
No. 5033 Yitian Road
Futian District
Shenzhen, 518033 China
Website: www.pingan.cn