Ping An Insurance came into existence on March 21, 1988 and has its headquarters in Shenzhen, China.
It is a holding company which has subsidiaries like Ping An Life Insurance Company of China, China Ping An Insurance Overseas Holding and Ping An Trust & Investment Company, Ping An Property and Casualty Insurance Company of China. Ping An had a total of 24 subsidiaries Ping An Insurance is ranked 32 in the Forbes 2000 list for 2015.The CEO of the company is Ming Ma. It employees 235,999 people. Ping An Insurance (Group) Co. of China Ltd. provides financial products and services. The company primarily focussed on the business of banking, insurance, and investment. Its activities also include investment deployment and investment in and insurance and financial enterprises. The company operates in the following segments: Life Insurance, Banking, Securities Property & Casualty, and Corporate. The Life Insurance segment is focussed on life insurance products such as endowment, annuity, term, whole-life, investment-linked, universal life, and healthcare insurance. The Property & Casualty Insurance segment offers insurance products, including automobile, non-automobile, and accident and health insurance. The Banking segment, and wealth management and credit card services, undertakes loan and intermediary business. The Securities segment involves trading, investment banking, brokerage, and asset management services. The Corporate segment support group through strategy, risk, treasury, finance, legal, human resources functions, etc. Ping An’s vision is to become a leader in providing integrated financial services in China.
It is ranked 3th on the basis of market capitalization of $113.8 B.