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  "slug": "ping-an-insurance-group-company-of-china",
  "name": "Ping An Insurance (Group) Company of China, Ltd.",
  "updatedAt": "2026-09-28T14:42:53.958621Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Ping An Insurance (Group) Company of China, Ltd. is a China-based financial services group whose businesses span life and property-and-casualty insurance, banking, securities and asset management. It combines these services with health and senior-care offerings under an “integrated finance + health and senior care” model. Founded as an insurer in 1988, Ping An operates primarily in China and also has Hong Kong-based businesses. [P74556386][P35087824][T8454970]\n\nPing An states that its mission is to become a world-leading integrated finance, health and senior-care services group while creating value for customers, employees, shareholders and society. As indicators of scale, it reported 251 million retail customers at the end of 2025 and consolidated total revenue of RMB1.14 trillion for that year. [P33367539][P86333741][T13429402]\n[P74556386][P35087824][T8454970][P33367539][P86333741][T13429402]",
      "updatedAt": "2026-09-28T14:42:53.958621Z"
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    {
      "type": "PRODUCTS",
      "text": "Ping An’s life and health insurance products include whole-life, annuity, critical-illness, long-term-care and medical cover. Named Ping An Life products include Shou Hu Bai Fen Bai, a whole-life critical-illness policy; Ping An Ru Yi, which combines wealth management with critical-illness cover; Fu Man Fen, which pairs critical-illness cover with senior-care services; Zhi Ying Bei Hu long-term-care insurance; and e Wan Jia medical insurance. The company also offers participating whole-life and annuity products. [P54472751][P41305038]\n\nIts property and casualty offerings span auto, liability, health, accidental-injury, agricultural and guarantee insurance. Auto generated RMB220.0 billion of Ping An P&C’s RMB328.1 billion in insurance revenue in 2024—approximately 67% of that business line’s insurance revenue. [P10260998][P113647617] Beyond insurance, Ping An Bank provides lending, deposits, credit cards, wealth-management products and funds, while Ping An Health provides family-doctor, medical and health-management services, including corporate employee programs. [P143749029][P143749042][P143749050][P38360821][P46402332]\n\nFor financial institutions, OneConnect offers digital-banking and digital-insurance solutions through its Gamma Platform. Its capabilities include digital retail-banking and credit-management workflows, insurer marketing and claims workflows, AI customer service and technology infrastructure. [P107413211][P32078292]\n[P54472751][P41305038][P10260998][P113647617][P143749029][P143749042][P143749050][P38360821][P46402332][P107413211][P32078292]",
      "updatedAt": "2026-09-28T14:42:53.958621Z"
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    {
      "type": "GEOGRAPHY",
      "text": "Ping An is headquartered in Shenzhen, Guangdong province. Its disclosed insurance-premium figures show substantial business across multiple Chinese provinces and municipalities, while its subsidiary listings identify insurance, asset-management and securities operations in Hong Kong. [P106483686][T13298336][T11414955][T644893][T7364453][T1389431]\n\nIn 2025, Guangdong was the largest disclosed region for both life and health written premiums, at RMB115.6 billion, or approximately 17.5% of that business’s total, and property and casualty premium income, at RMB58.9 billion, or approximately 17.2% of its total. The other leading disclosed life and health regions were Beijing, Zhejiang, Jiangsu and Shandong; for property and casualty, they were Zhejiang, Jiangsu, Shanghai and Sichuan. These are premium figures rather than a geographic breakdown of group revenue. [T13298336][T11414955][P102665497]\n[P106483686][T13298336][T13298336][T13298336][T13298336][T13298336][T13298336][T11414955][T11414955][T11414955][T11414955][T11414955][T11414955][T644893][T7364453][T1389431][P102665497]",
      "updatedAt": "2026-09-28T14:42:53.958621Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Ping An reports five principal business segments: life and health insurance, property and casualty (P&C) insurance, banking, asset management, and finance enablement. Life and health covers life, annuity, health-care and medical insurance; P&C covers motor, non-motor, accident and health insurance. Banking provides lending, credit cards, wealth management and related services to retail and corporate customers. Asset management includes trust, securities, investment management and financial leasing activities, while finance enablement provides financial and daily-life services through internet platforms, including health-care services. [P25778729][P1617791][P51522413][P69045850][P67033317]\n\nIn 2024, life and health accounted for approximately 42% of reported segment revenue, P&C 30%, banking 22%, asset management 4% and finance enablement 4%; the remaining “other businesses and elimination” category contributed approximately −3% after eliminations. Operating profit was more concentrated in life and health (approximately 68% of the group total) and banking (31%). P&C contributed approximately 11%, while asset management recorded an operating loss equivalent to approximately −8% of the group total. Percentages are calculated from reported segment figures and may not sum to 100% because of rounding. [T7748364][T4518654]\n[P25778729][P1617791][P51522413][P69045850][P67033317][T7748364][T7748364][T7748364][T7748364][T7748364][T7748364][T7748364][T4518654][T4518654][T4518654][T4518654][T4518654]",
      "updatedAt": "2026-09-28T14:42:53.958621Z"
    },
    {
      "type": "HISTORY",
      "text": "Ping An Insurance Company was established in 1988 as China’s first joint-stock insurance company. It adopted the name Ping An Insurance Company of China and expanded nationally in 1992. Morgan Stanley and Goldman Sachs became shareholders in 1994; Ping An then established a securities business in 1995 and acquired a trust company in 1996. [P35087824]\n\nHSBC took a stake in 2002, and Ping An Insurance (Group) Company of China was established in 2003 as the business developed into an integrated financial group. Ping An listed in Hong Kong in 2004 and Shanghai in 2007. It became the controlling shareholder of Shenzhen Development Bank in 2011; that bank subsequently merged with the former Ping An Bank and took the Ping An Bank name. The group established Lufax in 2012, extending its development into financial technology. [P35087824][P32313655]\n[P35087824][P32313655]",
      "updatedAt": "2026-09-28T14:42:53.958621Z"
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