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Ping An Insurance

Wu jun sh—Imaginechina
  • Previous Rank39
  • Revenues ($M)$144,197
  • Revenue Percent Change23.7%
  • Profits ($M)$13,181.40
  • Profits Percent Change40.3%
  • Assets ($M)$997,093.80
  • Employees342,550

Ping An is the largest insurer in China, a nation of nearly 1.4 billion. It’s also an aggressively diversified firm that’s been buying stakes in a bevy of businesses, including a 19.7%, $2.1 billion stake in local developer China Fortune Land Development Co. in July. The moves come at a time when Ping An itself is in a bit of a stock slump, with shares down 14%—but the company is also specifically targeting sectors where company stocks have faced steep declines, picking up stakes on the cheap in a bid for growth over the longer term.

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Company Information

CEO
Ma Mingzhe
Sector
Financials
Industry
Insurance: Life, Health (stock)
HQ Location
Shenzhen, China
Websitehttp://www.pingan.com
Years on Global 500 List9
Employees342,550
Figures prepared in accordance with International Accounting Standards.

Ping An Insurance Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$144,19723.7%
Profits ($M)$13,181.4040.3%
Assets ($M)$997,093.80-
Total Stockholder Equity ($M)$72,689.00-

Profit Ratios

Profit as % of Revenues9.1%
Profits as % of Assets1.3%
Profits as % of Stockholder Equity18.1%