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 financial services group with three core businesses of insurance, banking and investment, enjoying parallel growth of its core and internet finance 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 a world-leading personal financial services provider, by following the concept of “Driven By Technology, Finance Can Serve Life Better” to concurrently promote the development of its core finance business and internet finance business. For the core financial businesses, Ping An focuses on building up the financial supermarket and promoting customer migration. For the internet finance business, the Group follows the concept of “internet traffic as the key; incorporate services into everyday life; value-driven” to weave financial services into the very fabric of everyday life, spanning areas such as health, food, housing, transportation and entertainment. It also established the integrated financial services platform of “One Customer, One Account, Multiple Products, and One-Stop Services”. The Group aims to offer customers a brand experience of “Expertise makes life easier”, achieving sustainable growth in profits, and providing long-term and stable returns to shareholders.
Ping An is a personal 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 December 31, 2014, the subsidiaries of Ping An included 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 internet finance 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 achieved rapid growth in the internet finance business, with the total number of users reaching 137 million and a preliminary internet financial strategic system of “One Gate, Two Focuses, Four Markets” formed. While it has achieved significant growth in its internet finance business, Ping An believes in further growth opportunities for its core financial businesses.
Ping An has about 635,000 life insurance sales agents and 236,000 full-time employees. As at December 31, 2014, the Group’s consolidated total assets and equity attributable to shareholders of the parent company reached RMB4.01 trillion and RMB289.564 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 13 consecutive years, "Best Chinese Corporate Citizen" for 9 consecutive years, and a top ranking in social responsibility reports by listed companies for 5 consecutive years.