Global 500

Rank
29
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Ping An Insurance

PNG08.19-Good Doctor
Ping An Good Doctor provides remote medical services and diagnostic services to rural populations in China. Courtesy of Ping AnCourtesy of Ping An
  • Previous Rank
    29
  • Revenues ($M)
    163597.40
  • Revenue Percent Change
    13.5
  • Profits ($M)
    16237.20
  • Profits Percent Change
    23.2
  • Assets ($M)
    1040383.40
  • Employees
    376900

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.

Company Information

CEOMa Mingzhe
SectorFinancials
IndustryInsurance: Life, Health (stock)
HQ LocationShenzhen, China
Websitewww.pingan.com
Years on Global 500 List10
Employees376,900

Key Financials (Last Fiscal Year)

Revenues ($M)$163,597.4
Profits ($M)$16,237.2
Assets ($M)$1,040,383.4
Total Stockholder Equity ($M)$81,056.3

Profit Ratios

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