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Ping An Insurance

Courtesy of Ping An
  • Previous Rank29
  • Country
    China
  • Revenues ($M)$163,597.40
  • Revenue Percent Change13.5%
  • Profits ($M)$16,237.20
  • Profits Percent Change23.2%
  • Assets ($M)$1,040,383.40
  • Employees376,900

Ping An is an insurance company by name but, behind the scenes, the Shenzhen-based insurer is a tech power house, feeding its proprietary A.I. algorithms with reams of data harvested from its close to 200 million customers. The Big Data/A.I. combo has enabled Ping An to create unique metrics for risk assessment, helping the company rack up $163.6 billion in revenues last year. The company’s Shanghai-listed shares have surged 60% since January, and Ping An is planning a $1 billion IPO for its fintech wing, OneConnect, later this year.

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Company Information

CEO
Ma Mingzhe
Sector
Financials
Industry
Insurance: Life, Health (stock)
HQ Location
Shenzhen, China
Websitehttps://www.pingan.com
Years on Global 500 List10
Employees376,900
Figures prepared in accordance with International Accounting Standards.

Ping An Insurance Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$163,597.4013.5%
Profits ($M)$16,237.2023.2%
Assets ($M)$1,040,383.40-
Total Stockholder Equity ($M)$81,056.30-

Profit Ratios

Profit as % of Revenues9.9%
Profits as % of Assets1.6%
Profits as % of Stockholder Equity20%