Ping An Insurance (Group) Company of China, Ltd Closed Now

Ping An Insurance is China’s largest integrated financial services corporation, headquartered in Shenzhen and founded in 1988. The group operates across insurance (life, health, property & casualty), banking, asset management, fintech, and healthcare services.

For the full year 2024, Ping An reported RMB 1,141.35 billion in revenue (~US $158 billion), marking 10.6% revenue growth year-over-year. Operating profit rose 9.1% to RMB 121.86 billion (~US $17 billion), while net profit surged 47.8% to RMB 126.61 billion (~US $17.5 billion) — reflecting strong recovery in insurance demand and investment returns S&P Global+14Fintech Hong Kong+14Wikipedia+14.

The Property & Casualty (P&C) segment achieved solid growth, with RMB 328.15 billion in insurance revenue (+4.7%) and net profit up 67.7% YoY. The combined ratio improved to 98.3%, indicating better risk control and operational efficiency PingAn+4insurancenewspaper.com+4PingAn+4.

Ping An serves over 245 million retail customers, with around 32 million new policyholders added in 2024. Their life & health division’s New Business Value (NBV) grew by 28.8%, supported by smart underwriting and bancassurance growth Reuters+2Insurance Business+2Reuters+2.

The company maintains a workforce of around 273,000 employees, across business lines including technology, healthcare, asset management, insurance claims, and digital R&D WikipediaWikipedia.

Strategically, Ping An is accelerating digital transformation through AI-powered underwriting, smart claims processing, and customer service automation. Over 93% of life insurance policies were underwritten in seconds, and AI tools processed over 1.3 billion service interactions by Q3 2024 PingAn. The Group’s insurance fund investments surpassed RMB 5.73 trillion, yielding 5.8% comprehensive returns in 2024 PingAn+7Fintech Hong Kong+7PingAn+7.

Ping An is deeply committed to ESG and inclusive finance—deploying RMB 157.8 billion in green loans and investing RMB 10 trillion to support rural industrial development. Their ESG rating improved to AA across Asia-Pacific multi-line insurers PR Newswire+1PingAn+1.

Looking ahead, Ping An aims to reinforce its leadership in smart insurance, health and elderly care, fintech-integrated finance, RMB internationalization, and global asset growth—while sustaining high dividend returns and innovation-led differentiation.