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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, and Investment. 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 Investment segment provides trust, securities, and asset management services. The company was founded by Ming Zhe Ma on March 21, 1988 and is headquartered in Shenzhen, China.

Financial Highlights

Dec 2018 HKDUSD
Revenue1,272.57B162,369.51M
Gross Profit----
Operating income299,536.54M38,218.15M
Income before tax171,837.01M21,924.85M
Net income127,215.08M16,231.49M
EBITDA----
Diluted EPS7.120.90
Dividends Per Share1.990.25
Total Assets8,126.51B1,037.95B
Total liabilities7,346.91B938,381.55M
Total equity634,617.86M81,056.26M
Operating cash flow284,951.17M36,357.19M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 669,313.67M 849,424.12M 894,295.84M 1,104.49B 1,272.57B
Gross Profit -- -- -- -- --
Operating income 184,889.30M 214,117.44M 190,490.77M 250,851.74M 299,536.54M
Income before tax 78,551.11M 115,569.73M 111,912.29M 147,128.12M 171,837.01M
Net income 49,433.78M 66,858.35M 72,902.30M 102,726.20M 127,215.08M
EBITDA -- -- -- -- --
Diluted EPS 2.94 3.67 4.08 5.75 7.12
Dividends Per Share 0.47 0.63 0.86 1.81 1.99
Total Assets 4,987.80B 5,665.91B 6,204.78B 7,775.81B 8,126.51B
Total liabilities 4,545.54B 5,172.31B 5,662.07B 7,070.05B 7,346.91B
Total equity 361,947.99M 398,926.96M 427,791.58M 568,231.99M 634,617.86M
Operating cash flow 334,374.92M 310,209.28M 444,271.27M 367,005.65M 284,951.17M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 86,310.91M 109,566.73M 115,207.83M 141,732.40M 162,369.51M
Gross Profit -- -- -- -- --
Operating income 23,842.28M 27,618.88M 24,540.00M 32,190.12M 38,218.15M
Income before tax 10,129.50M 14,907.27M 14,417.12M 18,879.96M 21,924.85M
Net income 6,374.70M 8,624.02M 9,391.65M 13,182.16M 16,231.49M
EBITDA -- -- -- -- --
Diluted EPS 0.37 0.47 0.52 0.73 0.90
Dividends Per Share 0.06 0.08 0.11 0.23 0.25
Total Assets 643,185.71M 731,071.61M 800,292.67M 994,693.16M 1,037.95B
Total liabilities 586,155.40M 667,382.60M 730,293.24M 904,411.06M 938,381.55M
Total equity 46,673.76M 51,473.44M 55,176.48M 72,689.03M 81,056.26M
Operating cash flow 43,119.10M 40,013.71M 57,233.33M 47,095.37M 36,357.19M

Valuation Measures

Dec 2018
PER8.50
ROA1.59%
ROE21.15%
Operating margin23.53%
Profit margin9.99%

Key executives

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

Shareholders

  • CHEARAVANONT FAMILY (23.6%)
  • The Vanguard Group, Inc. (2.5%)
  • BlackRock Fund Advisors (1.8%)
  • JPMorgan Investment Management, Inc. (1.6%)
  • Baillie Gifford & Co. (1.3%)
  • Norges Bank Investment Management (1.2%)
  • CHEARAVANONT DHANIN (1.1%)
  • Capital Research & Management Co. (Global Investors) (1.1%)
  • APG Asset Management NV (1.0%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (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

  • 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.
  • Ping An Commercial Factoring Co. Ltd.
  • Tongxiang Ping An Investment Co. Ltd.
  • Jade Reach Investment Co. Ltd.
  • Reach Success International Co. Ltd.
  • Ping An Chuang Zhan Insurance Sales & Service Co., Ltd.
  • Ping An Insurance Sales Services Co. Ltd.

Competitors

  • Prudential plc
  • China Life Insurance Co. Ltd. Class H
  • Noah Holdings Ltd. Sponsored ADR Class A
  • X Financial Sponsored ADR Class A
  • Rotam Global Agrosciences Limited
Last Updated on 12 Nov, 2019

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