Asia300

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

China

  • 1m
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  • 1y
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Apr 21, 2017
Prev close: 42
Apr 21, 2017
Market cap:
Market cap(USD):
754,467M
97,024.8M
Shares: 18,280.2M

Currency in HKD

Company profile

Market(Ticker): HKG(2318)
Sector:
Industry:
Finance
Multi-Line Insurance
Full time employees: 318,588

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 2016

  • Local currency
  • US Dollar
Revenue 808,463.82M
Gross profit --
Operating income 170,864.84M
Income before tax 111,912.29M
Net income 72,902.30M
EBITDA --
Diluted EPS 4.07
Dividends per share 0.85
Total assets 6,210.44B
Total liabilities 5,667.72B
Total equity 427,791.58M
Operating cash flow 431,187.32M

Currency in HKD

Revenue 104,150.50M
Gross profit --
Operating income 22,011.69M
Income before tax 14,417.12M
Net income 9,391.65M
EBITDA --
Diluted EPS 0.52
Dividends per share 0.11
Total assets 801,021.78M
Total liabilities 731,022.36M
Total equity 55,176.48M
Operating cash flow 55,547.78M

Currency in USD

Valuation measures

Dec 2016

PER 9.48
ROA 1.22%
ROE 17.63%
Operating margin 21.13%
Profit margin 9.01%

Key executive

  • Chairman & Chief Executive Officer: Ming Zhe Ma
  • General Manager & Executive Director: Hui Chuan Ren
  • Chief Operating & Information Officer, Deputy GM: Sin Ying Tan
  • CFO, Executive Director & Deputy General Manager: Bo Yao
  • Chief Auditor & Compliance Officer, Deputy GM: So Lan Ip

Share holders

  • CHEARAVANONT FAMILY(31.6%)
  • The Vanguard Group, Inc.(2.1%)
  • Hang Seng Investment Management Ltd.(1.9%)
  • BlackRock Fund Advisors(1.4%)
  • CHEARAVANONT DHANIN(1.3%)
  • Norges Bank Investment Management(1.1%)
  • APG Asset Management NV(1.0%)
  • JF Asset Management Ltd.(0.9%)
  • JPMorgan Investment Management, Inc.(0.9%)
  • JPMorgan Asset Management (UK) Ltd.(0.9%)

Address

  • Website: http://www.pingan.com
  • Address: 15/F-18/F, Galaxy Development Center, Fuhua 3rd Road, Shenzhen, 518048, China
  • Phone: +86.400.8866338

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