Company Profile For Ping An Insurance (Group) Company of China Limited

Ping An Insurance (Group) Company of China Limited (601318.SS) (Shanghai Stock Exchange)
sector: Financials · industry: Insurance - Multiline ·
As of  2 Dec 2009
57.73CNY
Price Change
+0.64
Percent Change
+1.12%
 
 
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Overview

Ping An Insurance (Group) Company of China, Ltd. (Ping An) is engaged in providing a range of financial products and services. The Company focuses on three businesses: insurance, banking and investment. The Company operates in five business segments: life insurance business, property and casualty insurance business, banking business, securities business, corporate and other businesses. The Company’s subsidiaries include Ping An Life Insurance Company of China, Ltd. (Ping An Life), Ping An Property & Casualty Insurance Company of China, Ltd. (Ping An Property & Casualty), China Ping An Trust & Investment Co., Ltd. (Ping An Trust), Ping An Securities Company, Ltd. (Ping An Securities), Ping An Bank Co., Ltd. (Ping An Bank), Ping An Annuity Insurance Company of China, Ltd. (Ping An Annuity) and Ping An Health Insurance Company of China, Ltd. (Ping An Health), among others. On January 6, 2009, Ping An Trust acquired Xuji Group Corporation.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Ping An Insurance (Grp) Company of China, Limited's total income increased 54% to RMB160.80B. The Company's net income totaledRMB6.92B, vs. a loss of RMB705M. Total premium income reflects higher revenue from insurance. Net income for the period also benefited from significantly decreased impairment loss and increased non-operating income, as well as lower policy holders dividend expenses.

Company Address

Ping An Insurance (Group) Company of China Limited
Ping An Building
Ba Gua San Road
Shenzhen   GNG   518029
P: +86400.8866338
F: +86755.82431029

Total Employees

82808

Find Out More About 601318.SS

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