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Ping An Insurance Group

A holding company that deals with insurance, banking

Summary

Ping An Insurance known also as Ping An of China (simplified Chinese: 中国平安; traditional Chinese: 中國平安; pinyin: Zhōngguó Píng Ān), full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries mainly deal with insurance, banking, and financial services. The company was founded in 1988 and is headquartered in Shenzhen. “Ping An” literally means “safe and well”.

Ping An ranked 7th on the Forbes Global 2000 list and 29th on the Fortune Global 500 list.

The company is considered to be China’s biggest insurer, with US$107 billion in gross premium income in 2018.

History

The company is considered to be China’s biggest insurer, with US$107 billion in gross premium income in 2018. Its market capitalization is at US$220 billion in July 2019, making it the world’s largest insurer except for Berkshire Hathaway.

Ping An Insurance is one of the top 50 companies in the Shanghai Stock Exchange. It is also a constituent stock of Hang Seng Index, an index of the top 50 companies in the Hong Kong Stock Exchange. Ping An Insurance was also included in the pan-China stock indices CSI 300 Index, FTSE China A50 Index and Hang Seng China 50 Index.

Ping An Insurance has been selected for the 2019 Dow Jones Sustainability Emerging Markets Index (DJSI). It was the first insurance company from mainland China to be selected on the index. Ping An is a signatory of the United Nations-supported Principles for Responsible Investment (PRI), and was the first asset owner in mainland China to join.

Ping An Insurance consistently ranks as the world’s top global insurance brand, and as of 2018, was the third most valuable global financial brand in the world.

Vision

To fulfill its responsibilities to the shareholders, customers, employees, society and partners, Ping An ensures that the Group as a whole is moving towards its goal on the basis of the consistency in strategy, branding, and corporate culture.

They aim to become the world’s leading provider of personal financial life services

Team

CEO – Ma Mingzhe: Ma Mingzhe, Secretary of Party Committee, Chairman and CEO of Ping An Insurance Co. of China, Ltd. Ma Mingzhe is a member of the 10th and 11th CPPCC National Committee. A Ph.D. graduate in Money and Banking from Zhongnan University of Economics and Law.

References

https://www.comparably.com/companies/ping-an/mission

https://en.wikipedia.org/wiki/Ping_An_Insurance

https://www.bloomberg.com/profile/company/2318:HK

https://www.forbes.com/companies/ping-an-insurance/#485da8e55c7b

https://www.linkedin.com/company/ping-an/