Business description: Ping An Insurance (Group) Company of China, Ltd.

Ping An Insurance Group Co of China Ltd is a China-based company primarily engaged in insurance business. The Company operates in five segments. Life and Health Insurance Business segment provides individual and group life insurance products, including term life insurance, whole life insurance, endowment insurance, annuity insurance, universal insurance, and others. Property Insurance Business segment provides property insurance products, including auto insurance, property insurance, and accident and health insurance, and others. Banking Business segment provides loans, intermediary business, wealth management, credit card services, and others. Asset Management Business segment provides asset management services such as trust services, brokerage services, trading services, and investment banking services. Technology Business segment provides a variety of financial and livelihood services through the Internet platform. The Company also operates Other Business segment.

Number of employees: 273,053

Sales by Activity: Ping An Insurance (Group) Company of China, Ltd.

Fiscal Period: December 2020 (CNY) 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY)

Property and Casualty Insurance

278B 281B 294B 322B 341B

Life and Health Insurance

718B 665B 588B 270B 315B

Banking

250B 269B 282B 279B 255B

Asset Management Business

56.82B 62.65B 45.2B 47.86B 48.32B

Trust

5.55B 3.78B 2.98B - -

Finance Enablement Business

32.48B 20.49B 22.54B 20.33B 42.8B

Other Businesses and Elimination

-37.84B -36.76B -32.19B -31.68B -32.45B

Securities

18.49B 22.83B 19.62B - -

Geographical breakdown of sales: Ping An Insurance (Group) Company of China, Ltd.

Fiscal Period: December 2020 (CNY) 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY)

Mainland China

1,320B 1,272B 1,219B 907B 964B

Executive Committee: Ping An Insurance (Group) Company of China, Ltd.

Manager TitleAgeSince
Chief Executive Officer 54 27/09/2023
Chief Executive Officer 57 -
Director of Finance/CFO 46 26/03/2025
Chief Tech/Sci/R&D Officer 53 -
Chief Tech/Sci/R&D Officer 65 09/04/2020

Composition of the Board of Directors: Ping An Insurance (Group) Company of China, Ltd.

Director TitleAgeSince
Chairman 70 21/03/1988
Director/Board Member 62 01/06/2013
Director/Board Member 62 17/06/2013
Director/Board Member 52 02/07/2014
Director/Board Member 46 01/08/2017
Director/Board Member 57 10/12/2019
Chairman 73 28/08/2020
Director/Board Member 56 20/08/2021
Director/Board Member 68 20/08/2021
Director/Board Member 51 29/04/2022

Shareholders: Ping An Insurance (Group) Company of China, Ltd.

NameEquities%Valuation
Shenzhen State-Owned Assets Supervision & Admin. Commission
11.34 %
1,220,447,110 11.34 % 11 231 M ¥
China Securities Finance Corp. Ltd.
5.087 %
547,459,258 5.087 % 5 038 M ¥
China Investment Corp. (Investment Management)
4.37 %
470,302,252 4.37 % 4 328 M ¥
China Asset Management Co., Ltd.
3.047 %
327,922,132 3.047 % 3 018 M ¥
Ping An 2023 Long Term Service Esop
2.043 %
219,920,749 2.043 % 2 024 M ¥
NameEquities%Valuation
12.95 %
964,427,077 12.95 % 8 384 M ¥
Ping An 2023 Long Term Service Esop
5.049 %
376,044,500 5.049 % 3 269 M ¥
BNP Paribas Financial Markets
4.762 %
354,651,584 4.762 % 3 083 M ¥
BlackRock Fund Advisors
3.416 %
254,434,739 3.416 % 2 212 M ¥
UBS Asset Management Switzerland AG
2.394 %
178,279,806 2.394 % 1 550 M ¥
NameEquities%Valuation
Meritage Portfolio Management, Inc.
0.0119 %
444,493 0.0119 % 8 M ¥
CapitalatWork SA
0.0108 %
401,510 0.0108 % 7 M ¥
Madison Asset Management LLC
0.00598 %
222,664 0.00598 % 4 M ¥
St. Galler Kantonalbank AG (Private Banking)
0.005454 %
203,100 0.005454 % 4 M ¥
Ramirez Asset Management, Inc.
0.003271 %
121,793 0.003271 % 2 M ¥

Holdings: Ping An Insurance (Group) Company of China, Ltd.

NameEquities%Valuation
11,245,119,438 57.95% 17 879 M $
15,699,282,449 18.09% 12 945 M $
921,703,000 20.08% 5 755 M $
6,882,149,000 22.39% 4 672 M $
748,702,000 10.06% 3 023 M $
2,363,237,014 28.71% 2 647 M $
1,146,778,778 53.06% 1 931 M $
1,158,690,488 66.85% 1 622 M $
311,105,800 11.21% 1 429 M $
224,800,512 44.53% 1 078 M $

Company details: Ping An Insurance (Group) Company of China, Ltd.

Ping An Insurance (Group) Co. of China Ltd.

47, 48, 109, 110, 111, 112th Floors

518033, Shenzhen

+86 40 0886 6338

http://www.pingan.cn
address Ping An Insurance (Group) Company of China, Ltd.(601318)

Group companies: Ping An Insurance (Group) Company of China, Ltd.

NameCategory and Sector
Miscellaneous Manufacturing
Better Voyager Partners Co. Ltd.
Investment Banks/Brokers
Investment Banks/Brokers
Investment Banks/Brokers

Other Life & Health Insurance

Change 5d. change 1-year change 3-years change Capi.($)
-1.52%-0.77%+20.43%+33.91% 158B
+0.58%+0.24%-1.75%+29.71% 87.95B
0.00%-0.36%+5.42%+82.57% 57.56B
+0.27%-1.27%+4.72%+71.22% 56.45B
-0.39%-2.81%+8.63%+76.07% 56.54B
0.00%+0.36%+28.94%+51.32% 51.58B
-1.67%-5.69%-13.12%+10.28% 45.62B
-0.21%-1.38%+22.00%+73.95% 41.55B
-1.82%-1.19%+43.82%-12.29% 37.04B
-0.81%-4.31%+8.76%+33.29% 35.18B
Average -0.56%-2.08%+12.78%+45.00% 62.7B
Weighted average by Cap. -0.60%-2.05%+12.55%+44.55%
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
61.60CNY
Average target price
79.82CNY
Spread / Average Target
+29.57%

Quarterly revenue - Rate of surprise

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