Ping An Insurance (Group) Company of China, Ltd.

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People's Republic of China. The company's Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers. Its Property and Casualty Insurance segment provides auto, non-auto, and accident and health insurance to individual and corporate customers. The company's Banking segment undertakes loan and intermediary businesses with corporate and retail customers; and offers wealth management and credit card services to individual customers. Its Trust segment provides trust services; and undertakes investing activities. The company's Securities segment offers brokerage, trading, investment banking, and asset management services. Its Other Asset Management segment provides investment management, finance lease, and other asset management services. The company's Technology segment offers financial and daily-life services through internet platforms, such as financial transaction information service platform, and health care service platform. It also provides annuity insurance, investment management, IT and business process outsourcing, real estate investment, futures brokerage, consulting, project investment, financial advisory, currency brokerage, property agency, fund raising and distribution, real estate development and leasing, and insurance agency services. In addition, the company provides factoring, equity investment, financing guarantee, logistics, management consulting, e-commerce, credit information, and private equity financing services; and operates an expressway, as well as produces and sells consumer chemicals. Ping An Insurance (Group) Company of China, Ltd. was founded in 1988 and is based in Shenzhen, China.

This is the official Company Page of Ping An Insurance (Group) Company of China, Ltd. (HKEx: 2318; SSE: 601318; ADR: PNGAY). 
 
Ping An strives to become a world leading technology-powered financial services group. We believe the way people receive financial services and healthcare in the future will be through intelligent ecosystems enabled by technology. 
 
With over 220 million retail customers and nearly 611 million Internet users, Ping An is one of the largest financial services companies in the world.
 
Technology has enabled us to bring changes to the landscape of retail finance and healthcare in China. Supported by the Group’s strong core financials, our continued investment in fintech and healthtech resulted in increasing revenue contributions from our tech units as well as several unicorns. 
 
Ping An ranked 6th in the Forbes Global 2000 list and 16th in the Fortune Global 500 list in 2021.
 
Follow us for latest news, events and job opportunities.

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📣We just published solid 2023 annual results, demonstrating resilience!
Life insurance rebounded. Cash dividend increased. Here are key highlights.
 
📈Robust performance of core businesses
- Operating profit attributed to shareholders of the parent company reached RMB117,989 million.
- Three core businesses – life & health, P&C and banking - generated RMB 140,913 million.
 
🚀Life & health delivered high-quality growth driven by continuous channel reform and expansion. 
- Life & health NBV grew 36.2% like for like. 
- NBV of the agent and bancassurance channels increased by 40.3% and 89.5%, respectively. 
 
💰12 consecutive years of cash dividend growth for shareholders
- Cash dividend payout ratio on attributable operating profit is 37.3%. 
- Full-year cash dividend of RMB 2.43 per share, up 0.4% YoY. 
 
🤝Continued development of integrated finance and strong customer base
- Retail customers increased to 232 million.
- 25.3% of them held four or more contracts within the Group, with a retention rate of 97.7%.
 
🌟Enhanced healthcare and elderly care service offerings
- Accumulated ~50,000 in-house and contracted external doctors in China. Partnered with all 3A hospitals and ~230,000 pharmacies.
- Customers entitled to healthcare and elderly care service benefits contributed over 73% of Ping An Life’s NBV.
 
We continue to further our goal to become a world-leading provider of integrated finance, healthcare and elderly care services, with a view to creating long-term, steady, and sustainable value for customers, employees, shareholders and society.

 🔗For more information, read our press release at https://bit.ly/493GXvg or download the full announcement https://bit.ly/4anQA9i
 


🎓Inspiring our young scholars on a study trip to Singapore!
 
This month, our Ping An Inspiration Program winners were treated to a 5-day study trip to Singapore as an appreciation for their excellent research work on ways to improve the quality of life for their communities. They learnt from scholars in top universities, including the National University of Singapore and Nanyang Technological University Singapore. They also visited leading organizations in finance, eldercare and sustainability, including the Monetary Authority of Singapore (MAS), KampungAdmiralty Community and NEWater.
 
Since 2003, Ping An has partnered with the China Youth Development Foundation to run the Ping An Inspiration Program, which encourages university students to research social problems and come up with creative and innovative solutions to alleviate them.
 
We are proud to contribute to developing these future leaders as they broaden their horizons.
 
Here's to our young scholars, brimming with curiosity and ambition! We can't wait to see how they'll use their talents to make the world a better place!


Happy International Women’s Day to all women who make the world a better place!
 
🏆 Invest in Women: Accelerate Progress
"The inclusion of women leads to more innovation and better financial performance." — World Economic Forum.
At Ping An, we are building diversity in the workplace and investing in women every day.
 
💡 Achieving Gender Parity at Ping An
Women make up 50% of our 340,000 employees, 51% of junior managers, 44% of senior managers and 42% of our senior executives.
Meet Crystal ZANG, CFO of Ping An Health, and Yuki WANG, General Manager of Elderly Care at Ping An Life. They are at the forefront of building our healthcare and elderly care services for our customers in China.
 
 📈  Healthcare and Elderly Care on Becoming a Growth Engine
We are seeing encouraging feedback from our financial customers using the services. Our unique “Product + Services" offerings already started to contribute to the growth of our business. As of September 2023:
 
·     64% of our 230 million customers used our healthcare services
·     Users of healthcare services, on average, held 3.42 contracts with Ping An, 1.6 times higher than those held by non-users of these services
·     Their average AUM of RMB 54,100 was 3.4 times higher than those of non-users. 
 
At Ping An, our journey continues towards an inclusive community where employees feel valued and inspired to contribute their best.
 
How will you invest in women's growth today?

#iwd2024 #investinwomen 


🎥 Back to work after the Dragon Year holiday.

From fortune wishes and sweet dumpling tasting to traditional culture performances, our colleagues were immersed in the excitement of the “back to work” activities at our headquarters in Shenzhen and subsidiaries.

At Ping An, we make it a point to create a community where employees feel supported and connected. This is what building strong teamwork begins with.

#OnePingAn

🎆✨ Happy Lantern Festival! ✨🎆
Fireworks light up the night. Here’s to the festive finale celebration – may it bring a luminous year ahead!
At Ping An, we continue to be committed to striving for a prosperous future for our customers with our expertise.

#LanternFestival 

2318

SHH:601318

Ping An Insurance (Group) Company of China, Ltd.

Last Close

33.40

26/07 08:08

Market Cap

747.68B

Beta: 0.99

Volume Today

33.13M

Avg: 57.63M

PE Ratio

7.36

PFCF: 4.53

Dividend Yield

5.97%

Payout:68.94%

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