Asia300

Ping An Insurance (Group) Co. of China Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 21, 2018
Prev close: 78.4
May 21, 2018
Market cap:
Market cap(USD):
1,431.17B
182,325.23M
Shares: 18,280.24M

Currency in HKD

Company profile

Market(Ticker): HKG(2318)
Sector:
Industry:
Finance
Multi-Line Insurance
Full time employees: 342,550

Business summary

Ping An Insurance (Group) Co. of China Ltd. engages in the provision of financial products and services. It operates through the following businesses: insurance, banking, and investment segments. Its Insurance segment offers life, property and casualty, pension, and health insurance services. Its banking segment undertakes loan and intermediary business, wealth management, and credit card services. Its Investment segment provides trust, securities, and asset management services. The company was founded by MingZhe Ma on March 21, 1988 and is headquartered in Shenzhen, China.

Company background

Ping An Insurance Group is a Chinese financial conglomerate with banking, asset management and other units. It has nearly 90 million customers. Ping An was established in the southern city of Shenzhen, Guangdong Province, in 1988 as China's first joint-stock insurance company. It entered the banking business in 2006 when it purchased a bank in the city and renamed it Ping An Bank.

The company has 236,000 employees and 635,000 insurance agents. Many of the types of policies it promotes have not entered the mainstream in China. It ranks second in both the life and nonlife insurance markets in terms of premium revenues.

One of Ping An's key strengths is its ability to comprehensively offer a range of financial services, including insurance, banking, trust, securities, futures and asset management.

Ping An stands out among Chinese financial institutions for its aggressive acceptance of foreign capital. HSBC of the U.K. became its single largest shareholder in 2002. HSBC later sold its stake under a new management policy, making Thai conglomerate Charoen Pokphand Group the biggest investor. Other shareholders include Tamasek Holdings, an investment company owned by the government of Singapore.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 1,015.74B
Gross profit --
Operating income 215,178.69M
Income before tax 147,128.12M
Net income 102,726.20M
EBITDA --
Diluted EPS 5.75
Dividends per share 1.81
Total assets 7,785.28B
Total liabilities 7,078.73B
Total equity 568,231.99M
Operating cash flow 329,914.30M

Currency in HKD

Revenue 130,343.45M
Gross profit --
Operating income 27,612.44M
Income before tax 18,879.96M
Net income 13,182.16M
EBITDA --
Diluted EPS 0.73
Dividends per share 0.23
Total assets 995,904.92M
Total liabilities 905,521.78M
Total equity 72,689.03M
Operating cash flow 42,335.69M

Currency in USD

Valuation measures

Dec 2017

PER 14.13
ROA 1.46%
ROE 20.62%
Operating margin 21.18%
Profit margin 10.11%

Key executive

  • Chairman & Chief Executive Officer: Ming Zhe Ma
  • Chief Operating & Information Officer, Deputy GM: Sin Ying Tan
  • CFO, Executive Director & Deputy General Manager: Jason Bo Yao
  • Deputy GM, Chief Auditor & Compliance Officer: So Lan Ip
  • Senior Vice President: Shi Fan Cao

Share holders

  • CHEARAVANONT FAMILY(29.3%)
  • Hang Seng Investment Management Ltd.(2.3%)
  • The Vanguard Group, Inc.(2.3%)
  • Temasek Holdings Pte Ltd. (Investment Management)(2%)
  • JPMorgan Investment Management, Inc.(1.9%)
  • BlackRock Fund Advisors(1.8%)
  • CHEARAVANONT DHANIN(1.3%)
  • Norges Bank Investment Management(1.2%)
  • APG Asset Management NV(1.1%)
  • Matthews International Capital Management LLC(0.8%)

Address

  • Website: http://www.pingan.com
  • Address: Shenzhen Ping An Financial Center, 47-48-109-110-111-112 Floor, Shenzhen, 518033, China
  • Phone: +86.400.8866.338

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