Ping An Insurance
Ping An Insurance known also as Ping An of China (simplified Chinese: 中国平安; traditional Chinese: 中國平安; pinyin: Zhōngguó Píng Ān), full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries provide insurance, banking, asset management, financial, healthcare services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".
Headquarters at Ping An International Finance Centre | |
Native name | 中國平安保險 |
|---|---|
| Company type | Public |
| Industry | Financial services |
| Founded | 1988 |
| Founder | Ma Mingzhe |
| Headquarters | , China |
Area served | Worldwide |
Key people | Ma Mingzhe (Chairman), Xie Yonglin (President & Co-CEO), Tan Sin Yin (Co-CEO) |
| Services |
|
| Revenue | CN¥1,221,351 Million (2022) |
| CN¥148,365 Million (2022) | |
| CN¥83,774 Million (2022) | |
| Total assets | CN¥11,137,168 Million (2022) |
| Total equity | CN¥1,175,298 Million (2022) |
| Owners |
|
Number of employees | Approx. 344,223 |
| Website | https://group.pingan.com |
| Footnotes / references in a consolidated basis | |
In 2023, Ping An ranked 16th on the Forbes Global 2000 list and 23rd on the Fortune Global 500 list. Ping An ranked 30th among the World's top 500 Most Valuable Brands and fifth among global financial enterprises in the Global 500 2022 Report by Brand Finance.
The company is considered to be the world's largest insurer, with US$121.7 billion net premiums written in 2020. Its market capitalization was US$136 billion in March 2021, making it the largest insurer in the Asia-Pacific region.
Ping An Insurance is one of the top 50 companies in the Shanghai Stock Exchange. It is also a constituent stock of Hang Seng Index, an index of the top 50 companies in the Hong Kong Stock Exchange. Ping An Insurance was also included in the pan-China stock indices CSI 300 Index, FTSE China A50 Index and Hang Seng China 50 Index.
Ping An is a signatory of the United Nations-supported Principles for Responsible Investment (PRI), and was the first asset owner in mainland China to join.