Overview
Ping An Insurance (Group) Company of China, Ltd. is a China-based integrated financial-services group whose businesses include life, property-and-casualty and health insurance, banking, securities and asset management, alongside health-management and senior-care services. The company describes its mission as becoming a world-leading integrated finance, health and senior-care services group, creating value for customers, employees, shareholders and society. Ping An was established in 1988 as an insurance company.[1][2][3][4]
Its operations are centered on mainland China, with a broad nationwide service network, and it also has businesses in Hong Kong. For the six months ended June 30, 2026, Ping An reported revenue of RMB615.351 billion; this is a half-year, unaudited figure. It reported 258,806 employees at the end of 2025.[5][6][7][8] [1][2][3][4][5][6][7][8]
Products & services
Ping An’s life and health products include term, whole-life, endowment, annuity, investment-linked and universal-life insurance, alongside health-care and medical insurance. Participating insurance accounted for more than 90% of Ping An Life’s new business in the first half of 2026.[9][10][11]
Named offerings include An Yi Bao medical insurance, with products designed for higher-risk groups and children; An Shou Hu long-term-care insurance, which can be combined with annuity insurance; and An Bai Zhi Xiang accident insurance, with customizable coverage. Ping An’s health and senior-care services include Zhen Xiang Family Doctor, offering 24/7 health management and support for minor, chronic and critical illness; Medical Visit Access, which provides appointment assistance and second pathology opinions; and Ping An Home, combining health management, medical-visit support and smart-guard services.[12][13][14]
In property and casualty insurance, Ping An 24 is an overseas-travel insurance line supported by an emergency-assistance network covering 233 countries and regions. Its Ping An Chong Wu You (Worry-Free Pet) line offers pet coverage and related services, with AI-enabled claims that can be settled in as little as two business days. The company also provides auto-insurance services such as roadside assistance and claims support.[15] [9][10][11][12][13][14][15]
Geographic presence
Ping An’s reported geographic premium data is concentrated in mainland China. In 2025, its five listed Life & Health regions—Guangdong, Beijing, Zhejiang, Jiangsu and Shandong—generated RMB290,379 million of written premiums, about 43.9% of the segment total. For Ping An P&C, Guangdong, Zhejiang, Jiangsu, Shanghai and Sichuan together accounted for RMB148,870 million, about 43.4% of premium income.[16][17]
The latest interim report also identifies substantial premium activity in these mainland regions: in H1 2026, the five listed Life & Health regions accounted for RMB186,266 million, about 44.5% of written premiums; the five listed P&C regions accounted for RMB76,225 million, about 42.6% of premium income. The company also has Hong Kong-incorporated subsidiaries operating in Hong Kong, including insurance and investment-related businesses, and subsidiaries with real-estate investment and management operations in the United Kingdom. The regional lists are not a complete geographic breakdown of the group’s operations.[18][19] [16][17][18][19]
Business segments
Ping An’s 2026 interim reporting presents its business by segment, with insurance divided into life and health insurance and property and casualty insurance. Life and health insurance covers life, annuity, health and medical products for individual and corporate customers; it contributed approximately 44.1% of group revenue and 62.8% of operating profit attributable to the parent in the first half of 2026.[20][10][21][22] Property and casualty insurance covers auto, non-auto, accident and health insurance, contributing approximately 29.1% of revenue and 10.4% of operating profit.[23][21][22]
The banking segment provides corporate and retail lending and intermediary services, as well as individual wealth-management and credit-card services; it represented approximately 17.4% of revenue and 17.7% of operating profit.[24][21][22] Asset management includes trust, brokerage, trading, investment banking and management, and financial leasing, contributing approximately 7.3% of revenue and 10.9% of operating profit.[25][21][22] Finance enablement provides financial and daily-life services through internet platforms, including financial-transaction information and health-care services; it contributed approximately 3.7% of revenue and 0.2% of operating profit.[26][21][22] Other businesses and elimination accounted for approximately negative 1.7% of revenue and negative 2.0% of operating profit.[27][21][22] Percentages are approximate shares of group totals for the six months ended June 30, 2026. [20][10][23][24][25][26][27][21][21][21][21][21][21][21][22][22][22][22][22][22][22]
Company history
Ping An was founded in Shekou, Shenzhen, on May 27, 1988, by Ma Mingzhe as China’s first joint-stock insurance company.[28][29] In 1992 it adopted the name Ping An Insurance Company of China and began expanding nationwide. Its move beyond insurance gathered pace with the establishment of Ping An Securities in 1995 and the acquisition of ICBC Pearl River Delta Financial Trust Joint Company in 1996, which became Ping An Trust & Investment Company.[4]
HSBC acquired a stake in 2002, and the group was established in 2003 as Ping An pursued integrated financial operations. The company listed in Hong Kong in 2004 and on the Shanghai Stock Exchange in 2007.[4][30] In 2011 it became the controlling shareholder of Shenzhen Development Bank; the bank merged with the former Ping An Bank in 2012. Ping An also established Lufax in 2012 as it expanded into financial technology.[4][31]
Later milestones included the launch of a rural-support program in 2018 and the adoption of a health-care-ecosystem strategy in 2021.[4] On July 1, 2020, Ma Mingzhe resigned as CEO while remaining chairman, and Yao Bo was appointed co-CEO.[32] [4][28][29][30][31][32]
Sources
- Ping An Insurance (Group) Company of China, Ltd. — Full financial report (2026 H 1)
- Ping An Insurance (Group) Company of China, Ltd. — Full financial report (2025 Y)
- Ping An Insurance (Group) Company of China, Ltd. — Press release (2025 Y)[5]
- Ping An Insurance (Group) Company of China, Ltd. — Press release (2026 H 1)[7]
- group.pingan.com[8]
- group.pingan.com[18]
- group.pingan.com[19]
- group.pingan.com[28]
- group.pingan.com[29]
- www.pingan.com[30]
- bank.pingan.com[31]
- group.pingan.com[32]
Continue your research
From company context to financial detail.
Explore original sources and worldwide fundamental financial data and intelligence with Finbar.
Explore Ping An Insurance (Group) Company of China, Ltd. in Finbar ↗