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Ping An Insurance (Group) Company of China, Ltd. (Chinese: 中国平安保险) is a leading global financial services conglomerate headquartered in Shenzhen, China. Established in 1988, Ping An has evolved from a property and casualty insurer into a diversified group offering life insurance, banking, asset management, health services, and technology solutions. The company operates through multiple segments, including Insurance, Banking, Trust, Securities, Asset Management, and Technology. As of 2024, Ping An reported a net profit of ¥126.6 billion (approximately $17.5 billion), marking a 47.8% increase from the previous year. This growth was driven by a 28.8% rise in new business value for life and health insurance and a 5.8% comprehensive investment yield. Despite challenges such as weak domestic demand and market volatility, Ping An continues to expand its customer base and investment portfolio. The company is listed on the Hong Kong Stock Exchange (Ticker: 2318.HK) and the Shanghai Stock Exchange (Ticker: 601318.SS).6338
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