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  • Previous Rank96
  • Revenues ($M)$110,308
  • Revenue Percent Change28.2%
  • Profits ($M)$8,625
  • Profits Percent Change35.3%
  • Assets ($M)$733,824
  • Employees275,011

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.

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Company Information

CEO
Ma Mingzhe
Sector
Financials
Industry
Insurance: Life, Health (stock)
HQ Location
Shenzhen, China
Employees275,011
Websitehttp://www.pingan.com
Years on Global 500 List7
Figures prepared in accordance with International Accounting Standards.

Ping An Insurance Rank History

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%