Ping An Insurance
 |
|
| public | |
| Traded as |
|
| Industry | Financial services |
| Founded | 1988 |
| Headquarters | Shenzhen, China |
|
Area served
|
China |
|
Key people
|
Ma Mingzhe (Chairman & CEO) |
| Services | Life and non-life insurance |
| Revenue |
 CN¥693.2 billion (2015) |
|
CN¥93.4 billion (2015) |
|
|
CN¥54.2 billion (2015) |
|
| Total assets |
CN¥4,765.2 billion (2015) |
| Total equity |
CN¥334.2 billion (2015) |
| Owner |
|
| Subsidiaries | Ping An Bank (58.00%) |
| Website | pingan.com |
|
Footnotes / references in a consolidated basis |
|
| Ping An Insurance (Group) Company of China, Ltd. | |||||||
| Traditional Chinese | 中國平安保險（集團）股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 中国平安保险（集团）股份有限公司 | ||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Zhōngguó píng'ān bǎoxiǎn (jítuán) gǔfèn yǒuxiàn gōngsī |
Ping An Insurance known also as Ping An of China (Chinese: 中国平安; pinyin: Zhōngguó Píng Ān), full name Ping An Insurance (Group) Company of China, Ltd. is a holding company whose subsidiaries mainly deal with insurance, banking, and financial services. The company was founded in 1988 and has its headquarter in Shenzhen. Ping An literally means "safe and well".
Ping An Insurance is one of the top 50 companies in the Shanghai Stock Exchange. Ping An is also a component 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 Group is the holding company of Ping An Life Insurance Company of China, Ltd. and Ping An Property & Casualty Insurance Company of China, Ltd. It also controls China Ping An Insurance Overseas (Holdings) Limited and Ping An Trust & Investment Co., Ltd. Ping An Insurance Overseas, located in Hong Kong, is a second holding company for subsidiary companies located outside of mainland China.
Ping An Trust & Investment has the subsidiaries of Ping An Securities and Ping An Bank.
Ping An began as only a casualty insurance company. Since the mid-1990s Ping An has been diversifying into financial services from its core business of insurance and began taking investments from overseas firms. Ping An accepted investments from Morgan Stanley and Goldman Sachs in 1994. In 2002 HSBC took a large equity interest in Ping An. In early 2008, Ping An agreed to take a 50% share in Fortis Investments, a subsidiary of Fortis, which had taken over ABN AMRO Asset Management as a result of the split up of ABN AMRO in late 2007, but the deal was cancelled in October 2008.
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