Ping An Voted Asia’s Best Managed Insurer Second Year in a Row

Hong Kong, 4 March 2010 - Ping An Insurance (Group) Company of China Ltd (hereafter "Ping An" or "the Group", HKEX: 02318; SSE: 601318) has been named the top insurer in Asia for the second year in a row in a survey by international financial magazine Euromoney.

The survey, which took place from July to September in 2009, asked analysts at leading banks and research institutes across Asia to rate insurers in their respective countries for their market strength, profitability, growth potential and quality of management and earnings.

Ping An beat all other insurers nominated in the 2009 survey with the highest average score in the category, replicating its success in the same survey in the previous year.

Commenting on the award, Ping An spokesperson Sheng Rui-sheng says, "The award is a powerful reminder of our ongoing efforts to achieve excellence in our business and to set higher standards in the insurance industry. It also serves to highlight our unwavering commitment to providing quality service, products and support to our customers."

The latest honor came on the heels of Ping An's strong showing at IR Magazine's award ceremony in December, where the Group swept three major awards: Grand Prix for Best Overall Investor Relations - non-SOE, Best Investor Relations by a CFO, and Best Corporate Governance.

Ping An's business excellence has been recognized in major prestigious international rankings and awards over the years, including the The Financial Times Global 500 Companies list, Forbes Global 2000 Companies list, and FinanceAsia's Best Managed Company in China award.

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About Ping An

Ping An is the first financial conglomerate established in China with insurance as its core business together with a diverse range of businesses including securities, trust, banking, asset management and enterprise annuity. Founded in 1988, the Shenzhen-headquartered Group has listed its shares on the Hong Kong Stock Exchange since June 2004, and on the Shanghai Stock Exchange since March 2007, under the name of "Ping An of China". As at 30th June 2009, the consolidated total assets and total equity of the Group were RMB 885.4 billion and RMB 101.8 billion, respectively, under International Financial Reporting Standards (IFRS). The Group offers financial services including insurance, banking, investment and wealth management to about 47 million customers and over two million corporate clients. In recognition of its growing stature and operational excellence, Ping An has been included in Forbes "Global Listed Companies 2000" and Financial Times "Global 500" numerous times.