Ping An Insurance (Group) Company of China, Ltd. ("Ping An", "the Company" or "the Group") was established in Shekou, Shenzhen, in 1988. The Group was the first insurance company in China to adopt a shareholding structure. It has developed into a personal financial services group with three core businesses — insurance, banking and investment — enjoying parallel growth of its core finance and internet finance businesses. The Group’s shares are listed on the Stock Exchange of Hong Kong (stock code: 2318) and the Shanghai Stock Exchange (stock code: 601318).
Ping An endeavors to become a world-leading personal financial service provider upholding the belief of "technology-driven financial services for a better life", focusing on "big financial assets" and "big health care". It pursues growth in insurance, banking, asset management, and internet finance and provides customers with an excellent experience of "expertise makes life easier". It has achieved sustainable growth in profits, and has provided long-term stable returns to shareholders.
Ping An is one of China’s personal financial service groups with the most comprehensive range of financial business licenses, the widest business scope, and the most compact shareholding structure. The subsidiaries of Ping An include Ping An Life, Ping An Property & Casualty, Ping An Annuity, Ping An Health, Ping An Bank, Ping An Trust, Ping An Securities, and Ping An-UOB Fund. Covering the entire financial services spectrum, Ping An has become one of the few financial groups in China that can provide customers with a full range of financial products and services, including insurance, banking and investment. Besides, after years of deployment and efforts, Ping An's internet business has experienced a boom, and its online user base recorded high growth. As at June 30, 2017, Ping An's online user base had grown to about 403 million users, up 16.4% from the beginning of the year.
Ping An has over 1,600,000 employees and life insurance sales agents. As at June 30, 2017, the Group had RMB5.98 trillion in total assets and RMB425.78 billion in equity attributable to shareholders of the parent company.
Ping An focuses on development of businesses with individual customers and aims to make its services more convenient and professional by cross-selling of different offerings. In the first half of 2017, the individual customer base grew to 143 million customers, up 9.3% from the beginning of the year; the number of contracts per customer at the group level hit 2.28, up 3.2% from the beginning of the year; the profit per customer reached RMB241.66, up 18.5% year-on-year. Drawing on the excellent customer base attracted by its integrated finance model, Ping An has steadily raised the value of its individual business.
Ping An endeavors to become the pioneer in the era of smart technology. In the past decade, Ping An established a business model driven and developed by technology, continued to innovate in the sectors of fintech and healthtech and reformed the traditional financial business model and service model through technologies such as artificial intelligence. Today, Ping An has the largest big data platform among Chinese financial institutions. Ping An has over 500 big data scientists, over 20,000 technological R&D staff members, and many world-leading technologies, such as human face recognition, voiceprint recognition, prediction AI technologies, prescription AI technologies and blockchain, which have been applied to hundreds of scenarios.
Ping An ranks 16th in the Forbes Global 2000 list for 2017, taking the honor as global top diversified insurer. In the 2017 Fortune Global 500 list, Ping An ranks No. 39 among all the companies and No. 1 among mainland China’s mixed-ownership enterprises. Ping An ranks No. 8 and No. 61 in the lists of Millward Brown’s BrandZTM Top 100 Most Valuable Chinese Brands 2017 and Top 100 Most Valuable Global Brands 2017 respectively. Ping An ranks as the top brand in the global insurance sector in “Insurance 100 2017”, the world’s 100 most valuable insurance brands of 2017 published by Brand Finance. In the Best China Brands List 2017 published by Interbrand, the global largest brand consultancy firm, Ping An ranks 6th and is the top insurance brand in China.
As the first Chinese insurer to have foreign shareholders, Ping An has a robust governance structure and a highly professional management team with international backgrounds. Guided by its mission and belief 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. Ping An’s sustainable and stable development is supported by its robust functional structure, clear growth strategy, leading comprehensive risk management, true, accurate, complete, timely and fair information disclosure, and proactive and efficient investor relations management.
Under the concept of "expertise creates value", Ping An proactively fulfills its corporate social responsibility, and pursues a win-win cooperation and joint development with all stakeholders. For many years, the Group has been committed to charitable causes in education, environmental protection, and volunteer services. Ping An has used the internet to usher in the 3.0 era for charity to respond to hot issues and involve employees, customers, and the public in charitable initiatives. Ping An has received numerous awards and honors for its charitable work, including the Most Respected Company in China for 15 consecutive years, the Most Responsible Company for 10 consecutive years, and the International Carbon-Value Award on several occasions.