Ping An Insurance Group Co of China Ltd

Earnings data Q3 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

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Ping An Insurance (Group) Co. of China Ltd. engages in the provision of financial products and services. It also engages in life insurance, property and casualty insurance, trust, securities, banking, and other businesses. It operates through the following segments: Life and Health Insurance, Property and Casualty Insurance, Banking, Trust, Securities, Other Asset Management, and Technology Business. The Life and Health Insurance segment offers life insurance products, including term, whole-life, endowment, annuity, investment-linked, universal life and health care and medical insurance, reflecting performance summary of life insurance, annuity assurance, and health insurance subsidiaries. The Property and Casualty Insurance segment provides insurance products including auto insurance, non-auto insurance, accident and health insurance, reflecting performance of property and casualty insurance subsidiary. The Banking segment undertakes loan and intermediary business, wealth management, and credit card services. The Trust segment provides trust services and undertakes investing activities. The Securities segment undertakes brokerage, trading, investment banking and asset management services. The Other Asset Management segment provides investment management services and financial leasing business, reflecting performance of asset management and financial leasing and the other asset management subsidiaries. The Technology Business segment provides financial and daily-life services through internet platforms such as financial transaction information service platform, health care service platform, reflecting performance summary of the technology business subsidiaries, associates and jointly controlled entities. The company was founded by Ming Zhe Ma on May 27, 1988 and is headquartered in Shenzhen, China.

HONG KONG and SHANGHAI , April 26, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An of China," "Ping An," the "Company" or the "Group," HKEX: 2318; SSE: 601318) today announced its first quarter financial results for the three months ended March 31, 2023.

Ping An Reports RMB41,385 million of Operating Profit Attributable to Shareholders of the Parent Company in Q1 2023, Life & Health NBV grew 8.8% YoY

Ping An Insurance (Group) Co of China Ltd saw a 48.9% rise in first-quarter net profit as its investment income improved, China's largest insurer by market value reported on Wednesday.

China's Ping An Insurance posts 48.9% rise in Q1 profit

HSBC Holdings

HSBC's biggest shareholder Ping An on Friday said the bank had "merely repeated" past rebuttals of the Chinese insurer's proposals that the lender spin off its Asia business, continuing a tit-for tat war of words between the pair.

Ping An says HSBC just repeating past rebuttals of spinoff plan

HSBC (LON: HSBA) share price drifted upwards this week as its global peers published their financial results and as the company's fight with Ping An continued. The stock jumped to a high of 590.2p on Monday, the highest point since March 13.

HSBC share price analysis as battle wing Ping An rages on

HSBC has rejected its largest shareholder Ping An's latest proposal to restructure the bank and separate its Asia business into a Hong Kong-listed entity, saying it would result in a material loss of value for shareholders.

HSBC rejects Ping An's fresh Asia spin-off proposal

HSBC has "fundamentally failed to address key business model challenges", its biggest shareholder said on Tuesday, in an escalation of a spat between Europe's biggest bank and Chinese insurer Ping An.

HSBC management blasted by top investor Ping An

HSBC's biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chinese insurer's thinking said on Monday.

HSBC shareholder Ping An to vote for bank's break-up at annual meeting -source

PR Newswire HONG KONG and SHANGHAI, April 17, 2023

Ping An Board Secretary Richard Sheng: ESG with Chinese Characteristics "Enormous Opportunity" for Investors

Ping An's FY22 numbers may have been down across the board, but the real takeaway was the growing evidence of a turnaround in H2 2022 and beyond. The insurer also completed its planned reforms and should reap the margin upside from here.

Ping An: The Recovery Is Just Getting Started

HONG KONG and SHANGHAI , March 28, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) has published its 2022 Sustainability Report.

Ping An Releases 2022 Sustainability Report Reveals Roadmap to Achieve Carbon Neutrality Goal

HONG KONG and SHANGHAI, March 23, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An Group," or the "Group," HKEX: 2318; SSE: 601318) announced that AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a+" (Excellent) to Ping An Property & Casualty Insurance Company of China, Ltd. (hereafter "Ping An P&C" or the "Company"). The outlook assigned to these Credit Ratings (hereafter "ratings") is stable. The ratings reflect Ping An P&C's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.

Ping An P&C received a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a+" (Excellent) by AM Best

Ping An Insurance Group Co of China Ltd (OTCPK:PNGAY) Q4 2022 Earnings Conference Call March 15, 2023 11:45 PM ET Company Participants Ruisheng Sheng - Company Secretary Jason Yao - EVP, Co-CEO & Executive Director Jessica Tan - Executive Director, Co-CEO & EVP Conference Call Participants Ruisheng Sheng Okay. Good afternoon, dear friends from the media.

Ping An Insurance Group Co of China Ltd (PNGAY) Q4 2022 Earnings Call Transcript

Maintained stable business growth and promoted high-quality development HONG KONG and SHANGHAI , March 15, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An of China," "Ping An," or the "Group," HKEX: 2318; SSE: 601318) today announced its financial results for the year ended December 31, 2022.

Ping An reports RMB148,365 million of operating profit attributable to shareholders of the parent company in 2022, annual cash dividend per share grows by 1.7% year on year

HONG KONG and SHANGHAI , Feb. 27, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) announced that Ping An Bank Hong Kong Branch (the "branch") has been granted an insurance agency license by the Hong Kong Insurance Authority.

Ping An Bank Hong Kong Branch granted insurance agency license

HONG KONG and SHANGHAI , Feb. 14, 2023 /PRNewswire/ -- Ping An Property & Casualty Insurance (Ping An P&C) has launched its first ocean carbon sink index insurance policy in the city of Dalian, announced Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318).

Ping An launches first ocean carbon sink index insurance policy for marine ecosystem protection

HONG KONG and SHANGHAI , Feb. 13, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) announced that the Group was rated A- in the climate change category by CDP for its transparency and execution in addressing climate change.

Ping An awarded "A- " in CDP rating for 3rd consecutive year for environmental achievements on climate change

HONG KONG and SHANGHAI , Feb. 2, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) announced that Ping An has been ranked the World's Most Valuable Insurance Brand for the seventh year in a row by leading brand valuation consultancy Brand Finance.

Ping An Named World's Most Valuable Insurance Brand for 7th Consecutive Year

HONG KONG and SHANGHAI, Feb. 1, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) announced that the group and its subsidiary Ping An Property and Casualty Insurance were jointly awarded CSR Initiative of the Year by InsuranceAsia News (IAN).

Ping An Awarded CSR Initiative of the Year by InsuranceAsia News

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What Makes Ping An Insurance Co. of China Ltd. (PNGAY) a Good Fit for 'Trend Investing'

HONG KONG and SHANGHAI , Nov. 21, 2022 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) is using financial innovation to support China's energy transition and combat climate change risk, said Richard Sheng, Secretary of the Board of Directors.

Ping An Board Secretary Richard Sheng Speaks at COP27: Ping An Assists China's Energy Transition and Combats Climate Change Risk with Financial Innovation

Ranked first in multi-line insurance & brokerage industry in APAC HONG KONG and SHANGHAI , Nov. 15, 2022 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) announced that it has been rated A in the Morgan Stanley Capital Investment's (MSCI) 2022 ESG Ratings, ranking the first in multi-line insurance & brokerage industry in APAC.

Ping An awarded A in MSCI ESG Ratings

HONG KONG and SHANGHAI , Nov. 11, 2022 /PRNewswire/ -- The financial sector has profitable opportunities in financing climate change, says Jonathan Larsen, Chief Innovation Officer of Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318).

Ping An Group Chief Innovation Officer: Ping An Innovates with Technologies to Support China's Transition to a Low-carbon Economy

HSBC Holdings PLC (LSE:HSBA)'s largest shareholder Ping An has publicly called for the London-based bank to spin off its Asia business and also urged it to cut its costs aggressively.  In a statement, Ping An Asset Management said HSBC “should be much more aggressive in radically reducing its costs”, for example by cutting manpower.

HSBC shareholder Ping An urges 'aggressive' cost cuts and publicly calls for spin-off of Asia business

HSBC Holdings' largest shareholder Ping An has urged the lender to cut costs aggressively and exit sub-scale non-Asian markets as the Chinese financial conglomerate pushes harder for the bank to spin off its Asia business.

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