China’s Insurance Powerhouse: Ping An at a Glance!

🧾 HG&W Review Report: Ping An Insurance (Ping An of China)

📌 Company Snapshot

Ping An Insurance (Group) Company of China, Ltd., founded in 1988 and headquartered in Shenzhen, is a comprehensive financial services powerhouse offering insurance, banking, asset management, healthcare, and financial technology.

• Global Ranking: #33 on the Fortune Global 500 (2023)

• Market Cap: ~$122 billion USD

• Employees: 362,000+

• Customers: Over 227 million retail clients

💡 Diversified Financial Powerhouse

Ping An is not just China’s largest insurer—it’s a conglomerate delivering a full suite of financial services through:

• Ping An Life & Property Insurance

• Ping An Bank (Retail + SME-focused banking)

• Ping An Asset Management

• Lufax (WealthTech and lending platform)

• OneConnect (Fintech SaaS provider for banks)

🤖 Tech-Driven Transformation

Ping An leads globally in tech-enabled insurance and finance, investing over $8 billion annually in technology:

• AI-powered smart claim settlement and customer service

• Facial recognition for insurance underwriting

• AI-based medical imaging diagnostics via Ping An Good Doctor

• OneConnect listed on NYSE to serve banks globally with fintech tools

🏥 Health Ecosystem & Ping An Good Doctor

The company has created China’s largest digital healthcare platform:

• Ping An Health serves over 400 million users

• Provides teleconsultation, hospital referrals, e-prescriptions, and smart wellness devices

🌱 ESG & Sustainable Finance

Ping An is a forerunner in green finance and responsible investing:

• Issued over $9 billion in green bonds

• ESG investment principles adopted across asset management

• Carbon neutrality targets for operations by 2030

📈 Financial Highlights (2023)

• Revenue: ¥1.2 trillion CNY (~$167B USD)

• Net Profit: ¥112 billion CNY (~$15.6B USD)

• Assets Under Management: ¥4.6 trillion CNY (~$640B USD)

• Insurance Premium Income: ¥789 billion CNY

🌐 Global Influence

• Strategic partnerships in Singapore, Indonesia, and Hong Kong

• Expansion of fintech services to Latin America and Southeast Asia

• Technology platforms licensed to over 800 financial institutions worldwide