Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the “Company” or the “Group") was established in 1988 in Shekou, Shenzhen. The Group is the first insurance company in China to adopt a shareholding structure. Today, it has developed into a personal integrated financial services group with three core businesses of insurance, banking and investment, enjoying parallel growth of its traditional and non-traditional financial businesses. The Group’s shares are listed on the Hong Kong Stock Exchange (stock code: 2318) and on the Shanghai Stock Exchange (stock code: 601318).
Ping An strives to become the world’s leading provider of personal financial services, establish a traditional business framework supported by the Group’s three pillars of business, namely insurance, banking and investment, and continue to promote the parallel growth of its traditional and non-traditional financial businesses. For the traditional business, Ping An will focus on building up the financial supermarket and promoting customer migration. For the non-traditional business, the Group will strive for innovation by weaving financial services into the very fabric of everyday life: health, food, housing, transportation and entertainment, establish the integrated financial services platform of “One Customer, One Account, Multiple Products, and One-Stop Services”, deliver customers a brand experience of “Expertise makes life easier”, achieve sustainable growth in profits, and provide long-term and stable returns to shareholders.
Ping An is a personal integrated financial services group in China with the most comprehensive range of financial service licenses, the widest range of business offerings and the closest ties to its controlling shareholders. As at June 30, 2014, Ping An had a total of 24 subsidiaries including Ping An Life, Ping An Property & Casualty, Ping An Annuity, Ping An Health, Ping An Bank, Ping An Securities, Ping An Trust and Ping An-UOB Fund, covering the entire financial services spectrum. The Group has become one of the few financial groups providing customers with a full range of financial products and services including insurance, banking and investment. In addition, for the non-traditional business, the Group has developed new businesses including Lufax, Wanlitong Loyalty Points Program, auto market, housing market, e-Payment and mobile social finance portal. In 2014, Ping An keeps developing innovation in internet finance, with significant growth in size and number of users. While it has achieved significant growth in its non-traditional businesses, Ping An believes that there will be further growth opportunities for its traditional financial businesses.
Ping An has about 608,000 life insurance sales agents and 212,000 full-time employees. As at June 30, 2014, the Group’s consolidated total assets and equity attributable to shareholders of the parent company reached RMB3.8 trillion and RMB206.488 billion, respectively. Both Ping An Life and Ping An Property & Casualty are ranked as the second largest insurance company in China by premium income, in their respective sector.
Ping An was ranked No.62 in Forbes’ Global 2000 league table in 2014, No.128 in U.S. Fortune Magazine’s Global 500 Leading Companies ranking, and No.1 among China’s non-State owned enterprises. On top of these accolades, Ping An was ranked No.77 in WPP Millward Brown’s BrandZ Top 100 Most Valuable Global Brands, being the 1st among all insurance brands worldwide, and it ranked 6th on the “Best Chinese Brand” ranking by Interbrand, the largest brand consultancy in the world, making it the top insurance brand in China.
As a professionally-managed and world-class organization, Ping An has a comprehensive governance structure and is the first Chinese insurer to have foreign shareholders. Guided by its mission and philosophy to fulfill its responsibility to the shareholders, customers, employees, society and partners, Ping An has been able to ensure that the Group as a whole is moving towards its goal, underpinned by a foundation that unites strategy, branding and corporate culture. Ping An’s sustainable and stable development is supported by its robust business functions, clear growth strategy, its pioneering and comprehensive risk management system, a disclosure mechanism marked by truthfulness, accuracy, completeness, timeliness and fairness, and an active and effective investor relations function.
By following its philosophy of “Expertise creates value”, Ping An actively fulfills its commitment to the corporate social responsibility, pursuing win-win cooperation and progressing in step with all stakeholders. The Group continues to step up its efforts in major disaster relief, the environment, education, the Red Cross, communities and other worthy causes. Ping An has received numerous awards and accolades in recognition of its charitable work, including "The Most Respected Companies of China Awards" for 12 consecutive years, "Best Chinese Corporate Citizen" for 8 consecutive years, and a top ranking in social responsibility reports by listed companies for 5 consecutive years.