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  • Rank96
  • Previous Rank128
  • CEO
    Ma Mingzhe
  • Address
    Fuhua No. 3 Rd., Shenzhen 518048
  • Websitehttp://www.pingan.com
  • Industry
    Insurance: Life, Health (stock)

Originally a property-and-casualty insurer, Ping An has been branching out over the past several years into other financial services, and it now offers life insurance, retail banking, and asset management. Non-insurance businesses now account for about 50% of its profits, according to Morningstar. Diversification has been a mixed blessing. On the one hand, it has helped Ping An attract relatively affluent urban customers who want one-stop financial shopping. On the other, it has boosted the company’s operating costs, and it hasn’t resulted in as much cross-selling between, say, banking and insurance customers as executives had hoped. (Part of the problem: Chinese regulations make cross-selling harder than it would be in the U.S. or Europe.)

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Company Information

CEO
Ma Mingzhe
Industry
Insurance: Life, Health (stock)
Sector
Financials
HQ Location
Shenzhen, China
Websitehttp://www.pingan.com
Years on List6
Figures prepared in accordance with International Accounting Standards.

Key Financials (last fiscal year)

($ Millions)% change
Revenues86,021.825.6%
Profits6,374.939.2%
Assets645,698.1-
Employees235,999-

Profits as a % of

Profit as % of Revenues7.4%
Profits as % of Assets1%
Profits as % of Stockholder Equity13.7%