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Finance

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

Business Summary

Ping An Insurance (Group) Co. of China Ltd. engages in the provision of financial products and services. It operates through the following segments: Insurance, Banking, Trust, Securities, Other Asset Management, Technology, and Others. The Insurance segment offers life, property and casualty, pension, and health insurance services. The Banking segment undertakes loan and intermediary business, wealth management, and credit card services. The Trust segment provides trust services and undertakes investing activities. The Securities segment undertakes brokerage, trading, investment banking and asset management services. The Other Asset Management business segment provides investment management services and financial leasing business, reflecting performance of asset management and financial leasing and the other asset management subsidiaries. The Technology business segment provides financial and daily-life services through internet platforms such as financial transaction information service platform, health care service platform, reflecting performance summary of the technology business subsidiaries, associates and jointly controlled entities. The company was founded by Ming Zhe Ma on March 21, 1988 and is headquartered in Shenzhen, China.

Financial Highlights

Dec 2019 HKDUSD
Revenue1,248.57B159,355.01M
Gross Profit----
Operating income251,080.85M32,045.24M
Income before tax183,144.52M23,374.58M
Net income169,415.05M21,622.30M
EBITDA----
Diluted EPS9.501.21
Dividends Per Share2.260.28
Total Assets9,178.32B1,177.94B
Total liabilities8,224.87B1,055.58B
Total equity752,994.80M96,639.39M
Operating cash flow417,534.12M53,289.54M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 849,424.12M 894,295.84M 1,104.49B 1,274.03B 1,248.57B
Gross Profit -- -- -- -- --
Operating income 214,117.44M 190,490.77M 250,851.74M 299,536.54M 251,080.85M
Income before tax 115,569.73M 111,912.29M 147,128.12M 171,837.01M 183,144.52M
Net income 66,858.35M 72,902.30M 102,726.20M 127,215.08M 169,415.05M
EBITDA -- -- -- -- --
Diluted EPS 3.67 4.08 5.75 7.12 9.50
Dividends Per Share 0.63 0.86 1.81 1.99 2.26
Total Assets 5,665.91B 6,204.78B 7,775.81B 8,126.51B 9,178.32B
Total liabilities 5,172.31B 5,662.07B 7,070.05B 7,346.91B 8,224.87B
Total equity 398,926.96M 427,791.58M 568,231.99M 634,617.86M 752,994.80M
Operating cash flow 310,209.28M 444,271.27M 367,005.65M 284,951.17M 417,534.12M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 109,566.73M 115,207.83M 141,732.40M 162,555.55M 159,355.01M
Gross Profit -- -- -- -- --
Operating income 27,618.88M 24,540.00M 32,190.12M 38,218.15M 32,045.24M
Income before tax 14,907.27M 14,417.12M 18,879.96M 21,924.85M 23,374.58M
Net income 8,624.02M 9,391.65M 13,182.16M 16,231.49M 21,622.30M
EBITDA -- -- -- -- --
Diluted EPS 0.47 0.52 0.73 0.90 1.21
Dividends Per Share 0.08 0.11 0.23 0.25 0.28
Total Assets 731,071.61M 800,292.67M 994,693.16M 1,037.95B 1,177.94B
Total liabilities 667,382.60M 730,293.24M 904,411.06M 938,381.55M 1,055.58B
Total equity 51,473.44M 55,176.48M 72,689.03M 81,056.26M 96,639.39M
Operating cash flow 40,013.71M 57,233.33M 47,095.37M 36,357.19M 53,289.54M

Valuation Measures

Dec 2019
PER8.63
ROA1.95%
ROE24.41%
Operating margin20.10%
Profit margin13.56%

Key executives

  • Chairman & Co-Chief Executive Officer: Ming Zhe Ma
  • Co-CEO, COO, Executive Director, CIO & Deputy GM: Sin Ying Tan
  • Co-CEO, Executive Director & Deputy GM: Yong Lin Xie
  • CFO, Executive Director & Deputy General Manager: Jason Yao
  • Deputy GM, Chief Auditor & Compliance Officer: So Lan Ip

Shareholders

  • CHEARAVANONT FAMILY (22.8%)
  • The Vanguard Group, Inc. (2.6%)
  • JPMorgan Investment Management, Inc. (1.9%)
  • BlackRock Fund Advisors (1.8%)
  • Baillie Gifford & Co. (1.4%)
  • Capital Research & Management Co. (Global Investors) (1.3%)
  • CHEARAVANONT DHANIN (1.1%)
  • APG Asset Management NV (1.0%)
  • Comgest SA (0.9%)
  • Fidelity Management & Research Co. LLC (0.9%)

Contact Details

  • Website:http://www.pingan.com
  • Address: Ping An Finance Center, 47-48-108-109-110-111-112 Floor, Shenzhen, 518033, China
  • Phone: +86.400.8866.338

Related Companies

  • Shenzhen Qianhai Credit Information Center Co., Ltd.
  • Ping An Technology Hong Kong
  • Shenzhen City Shenglu Enterprise Management Co. Ltd.
  • Ping An International Smart City Technology Co., Ltd.
  • Ping an Property & Casualty Insurance Company of China Ltd. (D
  • Ping An Insurance (Group) Company of China Ltd. (DSG)
  • Ping An International Financial Leasing (Tianjin) Co., Ltd.
  • Ping An Insurance (USA) Co. Ltd.
  • Lianxin Shenzhen Investment Management Co. Ltd.
  • Ping An Pay Technology Service Co. Ltd.
  • Shenzhen Ping An Chuangke Investment Management Co. Ltd.
  • Shenzhen Qianhai Inclusive Crowdfunding & Trading Co. Ltd.
  • Shenzhen Qianhai Credit Service Centre Co., Ltd.
  • Shanghai Pingxin Asset Management Co. Ltd.
  • Shanghai Gezhouba Yangming Property Co. Ltd.
  • Shanghai Pingan Automobile E-Commerce Co. Ltd.
  • Shanghai Zean Investment Management Co. Ltd.
  • Guangzhou Xinping Property Investment Co. Ltd.
  • Beijing Jingping Shangdi Investment Co. Ltd.
  • Shenzhen Pingke Information Consulting Co. Ltd.
  • Ping An Pioneer Capital Co. Ltd.
  • Talent Bronze Co. Ltd.
  • Anbon Allied Investment Co. Ltd.
  • Beijing Jingxinlize Investment Co. Ltd.
  • Hangzhou Pingjiang Investment Co. Ltd.
  • Chengdu Ping An Property Investment Co. Ltd.
  • Beijing Shuangronghui Investment Co. Ltd.
  • Shenzhen Pingan Real Estate Industrial Co. Ltd.
  • Ping An Wealth Management Co. Ltd.
  • Shanxi Changjin Expressway Co. Ltd.

Competitors

  • China Life Insurance Co. Ltd. Class H
  • Noah Holdings Ltd. Sponsored ADR Class A
  • X Financial Sponsored ADR Class A
  • Prudential plc
Last Updated on 1 Apr, 2020

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