Ping An Insurance (Group) Company of China, Ltd. provides financial products and services in the People's Republic of China.
Profile & Fundamentals
Ping An Insurance: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Ping An Insurance Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Ping An Insurance (Group) Company of China, Ltd. provides financial products and services in the People's Republic of China. It operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Finance Enablement segments. The company offers life insurance products, including term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance; property and casualty insurance, such as auto insurance, non-auto insurance, accident, and health insurance. It also undertakes loan and intermediary business with corporate customers and retail customers. In addition, the company provides wealth management and credit card services to individual customers; trust services, brokerage services, trading services, investment banking services, investment management services, finance lease business, and other asset management services; and financial and daily-life services through internet platforms comprising financial transaction information service platform, and health care service platform. Further, it is involved in the real estate investment and management; expressway operation; production and sale of consumer chemicals; logistics and real estate activities; consulting services; warehousing; IT services; infant products; and hospital management. Ping An Insurance (Group) Company of China, Ltd. was incorporated in 1988 and is based in Shenzhen, China.
Company profile record
Ping An Insurance
Common Stock · Financials · Life & Health Insurance
Company
- Company / asset
- Ping An Insurance
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Life & Health Insurance
- HQ
- 🇨🇳 China
- Head office
- Ping An Finance Center, Shenzhen, China, 518033
Leadership & scale
- Chief executive
- Mr. Yonglin Xie Ph.D.
- CEO year born
- 1968
- Full-time employees
- 258.8K
- Fiscal year end
- December
- IPO date
- 2004-06-24
Fundamentals snapshot
- Market Cap
- HKD 933.4B
- P/E
- 5.2x
- Revenue (Q2 26)
- CNY 376.9B
- Profit (Q2 26)
- CNY 67.3B
- Dividend Yield
- 12.3%
- Revenue (FY 25)
- CNY 927.9B
- Shares in public float
- 15.8B
- Insider ownership
- 18.98%
Reporting & identifiers
- Symbol
- 2318.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- CNE1000003X6
- Asset ID
- equity_3e4476c6-0155-587c-b886-46acd1bb8f57
Ownership
Shares Outstanding
Latest: 18.1B | Max: 18.3B | Min: 17.7B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
87.12%
15.8B latest reported shares
Insider Ownership
18.98%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 17,865,741,900 |
| 2018-01-01 | 17,900,840,300 |
| 2019-01-01 | 17,717,222,200 |
| 2020-01-01 | 18,280,241,400 |
| 2021-01-01 | 17,725,830,100 |
| 2022-01-01 | 17,721,106,900 |
| 2023-01-01 | 17,684,801,600 |
| 2024-01-01 | 18,107,642,000 |
| 2025-01-01 | 18,107,642,000 |
| 2026-01-01 | 18,107,642,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Ping An's operational earnings show a decisive recovery after years of agency downsizing and real estate de-risking. Operating profit after tax rose 10.3% year-on-year in 2025 to RMB 134.4 billion, and momentum carried into the first half of 2026 with operating profit climbing 8.3% to RMB 84.2 billion. While headline net profit surged 36.1% due to equity market swings, underlying operating earnings provide the true recurring baseline. This earnings progress is driven by life insurance underwriting discipline and a property and casualty combined ratio improving to 95.1%. Steady releases from massive contractual service margins ensure highly predictable cash generation, shielding dividend payouts from cyclical swings.
Ping An's operational earnings show a decisive recovery after years of agency downsizing and real estate de-risking. Operating profit after tax rose 10.3% year-on-year in 2025 to RMB 134.4 billion, and momentum carried into the first half of 2026 with operating profit climbing 8.3% to RMB 84.2 billion. While headline net profit surged 36.1% due to equity market swings, underlying operating earnings provide the true recurring baseline. This earnings progress is driven by life insurance underwriting discipline and a property and casualty combined ratio improving to 95.1%. Steady releases from massive contractual service margins ensure highly predictable cash generation, shielding dividend payouts from cyclical swings.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 927.9B | Max: CNY 1.09T | Min: CNY 62.4B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 8x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have expanded sharply as underwriting quality takes precedence over sheer policy volume. Life and health new business value grew 29.3% in 2025 and 11.2% in the first half of 2026, driven by higher per-agent productivity and regulatory cuts to guaranteed policy rates from 3.5% toward 2.5%. Furthermore, property and casualty combined ratios improved to 95.1%, demonstrating automated claims efficiency and disciplined risk pricing. While banking net interest margins face mild cyclical pressure from low benchmark interest rates, expanding life underwriting spreads and healthcare cross-selling sustain return on equity solidly above 13%..
Profitability margins have expanded sharply as underwriting quality takes precedence over sheer policy volume. Life and health new business value grew 29.3% in 2025 and 11.2% in the first half of 2026, driven by higher per-agent productivity and regulatory cuts to guaranteed policy rates from 3.5% toward 2.5%. Furthermore, property and casualty combined ratios improved to 95.1%, demonstrating automated claims efficiency and disciplined risk pricing. While banking net interest margins face mild cyclical pressure from low benchmark interest rates, expanding life underwriting spreads and healthcare cross-selling sustain return on equity solidly above 13%..
Profitability Margins
Latest: 99.1% | Max: 100.0% | Min: 8.7%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
99.1%
Gross profit / revenue
Operating Margin
19.5%
Operating income / revenue
Net Margin
14.1%
Net income / revenue
FCF Margin
70.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 103,143,165,467.63 | 8,977,553,956.83 | 30,388,057,553.96 |
| 2017-12-31 | 123,189,093,702 | 13,684,792,626.73 | 15,672,196,620.58 |
| 2018-12-31 | 127,810,465,116.28 | 15,611,046,511.63 | 28,429,796,511.63 |
| 2019-12-31 | 151,740,948,275.86 | 21,466,522,988.51 | 34,085,488,505.75 |
| 2020-12-31 | 167,666,921,898.93 | 21,914,088,820.83 | 46,260,336,906.58 |
| 2021-12-31 | 166,281,446,540.88 | 15,977,672,955.97 | 12,253,144,654.09 |
| 2022-12-31 | 96,305,072,463.77 | 16,088,115,942.03 | 67,812,318,840.58 |
| 2023-12-31 | 95,583,802,816.9 | 12,065,492,957.75 | 49,660,985,915.49 |
| 2024-12-31 | 125,563,698,630.14 | 17,343,424,657.53 | 51,478,904,109.59 |
| 2025-12-31 | 132,745,350,500.72 | 18,782,517,310.44 | 93,801,099,427.75 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 8.05 | Trailing four quarters |
| 2024-12-31 | 6.08 | Trailing four quarters |
| 2023-12-31 | 6.62 | Trailing four quarters |
| 2022-12-31 | 7.28 | Annual net income |
| 2021-12-31 | 7.99 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 88.4 | 13.17 | 8.7 | 29.46 |
| 2017-12-31 | 84.89 | 16.8 | 11.11 | 12.72 |
| 2018-12-31 | 84.14 | 18.55 | 12.21 | 22.24 |
| 2019-12-31 | 88.13 | 17.49 | 14.15 | 22.46 |
| 2020-12-31 | 89.57 | 17.15 | 13.07 | 27.59 |
| 2021-12-31 | 100 | 13.2 | 9.61 | 7.37 |
| 2022-12-31 | 100 | 21.42 | 16.71 | 70.41 |
| 2023-12-31 | 100 | 17.7 | 12.62 | 51.96 |
| 2024-12-31 | 99.14 | 18.6 | 13.81 | 41 |
| 2025-12-31 | 99.06 | 19.48 | 14.15 | 70.66 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-08.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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