Ping An Insurance (Group) Company of China, Ltd. Class A
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in mil. unless spec.Company Description
- CEO
- Yonglin Xie
- Full Time Employees
- 258,806
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Ping An Finance Center Shenzhen GD China 518033
- IPO Date
- Jun 24, 2004
- Website
- pingan.cn
- Similar Companies
- Business
- Ping An Insurance (Group) Company of China, Ltd. (601318.SS) is a Shenzhen-based financial services holding company founded in 1988 that provides integrated insurance, banking, asset management, fintech, and healthtech solutions primarily to retail and corporate customers in China and select international markets including Hong Kong. Its core offerings encompass life and health insurance products such as term life, whole-life, endowment, annuity, investment-linked, universal life, health care, and medical insurance through subsidiaries including Ping An Life, Ping An Annuity, and Ping An Health Insurance; property and casualty insurance covering auto, non-auto, accident, health, corporate property, engineering, cargo, liability, guarantee, credit, and home contents; banking services via Ping An Bank featuring loans, wealth management, credit cards, and intermediary businesses; asset management including trust products, brokerage, trading, investment banking, finance leasing, and other investment services; and technology-driven platforms for financial transactions, healthcare services, senior care, IT outsourcing, and daily-life solutions. The company operates a vast ecosystem partnering with China's top 100 hospitals, over 104,000 health institutions, and 235,000 pharmacies, serving 242 million retail customers with "insurance + service" models emphasizing health management for 21 million users and home-based senior care across 75 cities for over 160,000 customers. Recent developments include the full acquisition of its healthcare arm Ping An Healthcare and Technology in early 2025 valued at HK$13.23 billion to consolidate health operations and integrate AI models like DeepSeek for enhanced diagnostics; strong 2024 financial performance with operating profit up 9.1% to RMB121.9 billion, net profit surging 47.8% to RMB126.6 billion, life & health NBV rising 28.8%, and insurance funds portfolio growing to RMB5.73 trillion yielding 5.8%; launch of premium health and senior care communities in five cities set to open in 2025; opening of its first self-operated hospital in Shenzhen in November 2025; attainment of MSCI AAA ESG rating, leading Asia-Pacific insurers for four years; and expanded AI applications across 85 scenarios with 55,080 cumulative patents filed.
Company News
Ping An: Dipping A Toe Into China At The Right Price
Are Investors Undervaluing Ping An Insurance Co. of China (PNGAY) Right Now?
Here's Why Ping An Insurance Co. of China (PNGAY) Looks Ripe for Bottom Fishing
Is Ping An Insurance Co. of China (PNGAY) Stock Undervalued Right Now?
Ping An Reports 1H 2026 Results
Ping An Reports 1H 2026 Results
Is Ping An Insurance Co. of China (PNGAY) a Great Value Stock Right Now?
Should Value Investors Buy Ping An Insurance Co. of China (PNGAY) Stock?
Ping An Ranks No. 26 on Forbes 2026 Global 2000 List, No. 2 Among Global Insurers
Ping An Ranks No. 26 on Forbes 2026 Global 2000 List, No. 2 Among Global Insurers
Ping An Good Doctor CEO He Mingke Speaks At 2026 Summer Davos: China Is Entering Its Own "Longevity Era"
Are Investors Undervaluing Ping An Insurance Co. of China (PNGAY) Right Now?
Ping An Good Doctor Upgrades AI Doctor Service "Ping An AI Doctor", Expanding Access to Ping An Ecosystem's 90 Million MAUs
Is Ping An Insurance Co. of China (PNGAY) Stock Undervalued Right Now?
Ping An Launches "Ping An Home" Service Brand
Ping An Launches "Ping An Home" Service Brand
Ping An Recognized as the World's Most Valuable Insurance Brand in "2026 Top 100 Most Valuable Global Brands" by Kantar BrandZ
Ping An Recognized as the World's Most Valuable Insurance Brand in "2026 Top 100 Most Valuable Global Brands" by Kantar BrandZ
Ping An Reports Steady 7.6% Growth in Operating Profit Attributable to Shareholders of the Parent Company in Q1 2026, Life & Health NBV Increases 20.8% YoY
Ping An Releases 2025 Sustainability Report, Unveils "SIMPLE" Framework to Drive Long-Term Value Creation