Finance

ZhongAn Online P&C Insurance Co., Ltd.

Business Summary

ZhongAn Online P&C Insurance Co. Ltd. engages in the provision of insurance services. It operates through the following segments: Insurance, Technology, Banking, and Others. The Insurance segment includes a range of online property and casualty insurance business. The Technology segment provides information technology (IT) related business and international IT consulting to its customers. The Banking segment offers banking services to its customers. The Others segment consists of entities which provides online life insurance business, insurance brokerage, and medical services. The company was founded on October 9, 2013 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2022	HKD	USD
Revenue	29,252.44M	3,735.71M
Gross Profit	--	--
Operating income	-1,121.05M	-143.16M
Income before tax	-2,325.91M	-297.03M
Net income	-1,576.97M	-201.38M
EBITDA	--	--
Diluted EPS	-1.07	-0.13
Dividends Per Share	0	0
Total Assets	61,390.89M	7,865.63M
Total liabilities	42,274.36M	5,416.35M
Total equity	17,081.16M	2,188.50M
Operating cash flow	855.40M	109.24M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	11,501.32M	16,877.42M	20,669.87M	26,136.58M	29,252.44M
Gross Profit	--	--	--	--	--
Operating income	-2,001.97M	-379.86M	542.52M	1,434.46M	-1,121.05M
Income before tax	-2,152.14M	-642.80M	202.53M	1,044.61M	-2,325.91M
Net income	-2,065.56M	-514.91M	622.28M	1,403.57M	-1,576.97M
EBITDA	--	--	--	--	--
Diluted EPS	-1.40	-0.35	0.42	0.95	-1.07
Dividends Per Share	0	0	0	0	0
Total Assets	30,226.28M	34,853.29M	54,635.95M	63,495.43M	61,390.89M
Total liabilities	11,439.27M	16,390.27M	34,013.71M	40,094.12M	42,274.36M
Total equity	17,598.03M	16,680.10M	18,620.89M	20,487.74M	17,081.16M
Operating cash flow	-868.28M	753.36M	7,142.75M	1,914.14M	855.40M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	1,467.46M	2,154.05M	2,665.01M	3,362.55M	3,735.71M
Gross Profit	--	--	--	--	--
Operating income	-255.43M	-48.48M	69.94M	184.54M	-143.16M
Income before tax	-274.59M	-82.04M	26.11M	134.39M	-297.03M
Net income	-263.54M	-65.71M	80.23M	180.57M	-201.38M
EBITDA	--	--	--	--	--
Diluted EPS	-0.17	-0.04	0.05	0.12	-0.13
Dividends Per Share	0	0	0	0	0
Total Assets	3,860.63M	4,473.07M	7,046.29M	8,144.30M	7,865.63M
Total liabilities	1,461.07M	2,103.52M	4,386.68M	5,142.71M	5,416.35M
Total equity	2,247.70M	2,140.72M	2,401.50M	2,627.88M	2,188.50M
Operating cash flow	-110.78M	96.15M	920.93M	246.26M	109.24M

Valuation Measures

Dec 2022
PER	--
ROA	-2.52%
ROE	-8.39%
Operating margin	-3.83%
Profit margin	-5.39%

Key executives

CEO, General Manager & Executive Director: Xing Jiang
Director, Chief Financial & Investment Officer: Gao Feng Li
Financial Director: Rui Sun
Co-Secretary & Chief Legal Officer: Yong Bo Zhang
Chief Actuary: Hai Lin

Shareholders

Ant Group Co., Ltd. (10.7%)
Ping An Insurance (Group) Co. of China Ltd. (10.5%)
OU YA FEI /ZHONG AN/ (9.8%)
Tencent Holdings Ltd. (8.0%)
ZHANG ZHEN /ZHONG AN/ (6.3%)
Sinolink Worldwide Holdings Ltd. (5.7%)
The Vanguard Group, Inc. (1.6%)
Krane Funds Advisors LLC (1.5%)
BlackRock Fund Advisors (0.9%)
CSOP Asset Management Ltd. (0.7%)

Contact Details

Website:http://www.zhongan.com
Address: 4-5/F, Associate Mission Building, No.169 Yuanmingyuan Road, Shanghai, 200436, China
Phone: +86.400.9999595

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Competitors

Last Updated on 5 Jun, 2023