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Global 500

Zhou jianping — Imaginechina/AP

41

Ping An Insurance

PNGAY

China

Things are looking up for China’s second largest insurer after profit rose 38% in 2015 and saw its biggest net profit margin (of $8.34 billion) since 2003. The company was expected to receive another big market boost this year from an IPO of its Lufax internet finance marketplace, but Lufax’s CEO Gregory Gibb told reporters in May 2016 that it would be delayed for at least another year. With China’s insurance market on what seems like an endless rise the last decade, Ping has distinguished itself as a market growth competitor in a sector that has little penetration from global competitors. The company’s future is limited, however, by its own relative lack of resources compared to state-controlled banking entities with greater capital.

CEO

Ma Mingzhe

Sector

Financials

Industry

Insurance: Life, Health (stock)

HQ Location

Shenzhen, China

Employees

275,011

Years on Global 500 List

7

Figures prepared in accordance with International Accounting Standards.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$110,30828.2%
Profits ($M)$8,62535.3%
Assets ($M)$733,824
Total Stockholder Equity ($M)$51,474
Profit Ratios
Profit as % of Revenues7.8%
Profits as % of Assets1.2%
Profits as % of Stockholder Equity16.8%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

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