Ping An Insurance (Group) Co of China

What Ping An Insurance (Group) Co of China does

Ping An Insurance (Group) Company of China, Ltd. is a Shenzhen-headquartered, publicly listed integrated financial services conglomerate founded in 1988, operating across life and health insurance, property and casualty insurance, banking (via Ping An Bank), asset management, securities, reinsurance, and technology services. The company serves nearly 252 million retail customers as of March 2026 through a horizontal "All in One" platform model that combines an agency force, a bancassurance channel, and a direct digital platform with an AI assistant. Total group assets stand at RMB 14.17 trillion (~$2 trillion) as of March 2026, and Ping An's brand is the world's most valuable insurance brand per Kantar BrandZ 2026 and China's most valuable insurance brand for ten consecutive years per Brand Finance Global 500 2026.

The core operating model is an integrated finance platform that cross-sells insurance, banking, and investment products to a single retail customer base, increasingly augmented by health and senior care services (Ping An Good Doctor, Shenzhen Beiyi Rehabilitation Hospital) under a stated "integrated finance + health and senior care" strategy. Underlying technology is proprietary and substantial: the PingAnGPT-Qwen3-32B financial LLM (top-ranked on CNFinBench) supports 97 deployed business scenarios, AI-powered claim processing handles 84% of business volume in Q1 2026 with 58% of claims settled instantly, and AI-powered fraud prevention reduced losses by RMB 9.15 billion. The Nebula IoT Program connects 12M+ devices across six industrial fields, and the PingAn-1/2/3 satellite constellation supports supply chain financial services for SMEs. Distribution is multi-channel, with bancassurance alone generating a 175% surge in new premiums in January 2026, and a global emergency assistance network spanning 233 countries supports affluent and elderly customer segments.

Revenue is generated primarily through recurring insurance premiums (life and health NBV of RMB 15,574M in Q1 2026, up 20.8% YoY; P&C premium income of RMB 90,951M in Q1 2026, up 6.8%) and banking fees (Ping An Bank revenue of RMB 35,277M in Q1 2026, up 4.7%), with growing contributions from asset management, sustainable insurance premiums (RMB 730.8B in 2025, up 16.1%), and technology services including OneConnect (which announced going private in late 2025). Pricing is actuarial and quote-based rather than publicly disclosed, and the customer base is overwhelmingly mass-market retail diversified across China, with selective international partnerships (e.g., Dhipaya Insurance in Thailand for Chinese EV warranties) and a global service footprint via the emergency assistance network.

Name

Ping An Insurance (Group) Co of China

Legal name

Ping An Insurance (Group) Company of China, Ltd.

Website

https://life.pingan.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Ping An Insurance is a Shenzhen-headquartered integrated financial services conglomerate providing life, health, and P&C insurance, banking, asset management, and technology services to nearly 252 million retail customers across China, powered by proprietary AI, an IoT and satellite infrastructure, and a global emergency assistance network.

Ownership category

akta.pro rank

Product category

Integrated Financial Services

NAICS

Insurance Carriers (5241), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Portfolio Management and Investment Advice (523940)

SIC

Life Insurance (6311), Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321), Investment Advice (6282)

akta.pro primary industry

Individual Health Insurance Brokerage & Distribution (FSAIAEAL)

Keywords

• Life health insurance
• Property casualty insurance
• Commercial banking services
• Asset management solutions
• Healthcare senior care

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Life & Health Insurance: Traditional life insurance, health insurance, and senior care services. Life & Health NBV reached RMB 15,574 million in Q1 2026 (up 20.8% YoY) with first-year premium jumping 45.5% to RMB 66,340 million. For 2025, life and health insurance NBV rose 29.3%, reflecting shift toward higher-margin products.
2. Property & Casualty Insurance: P&C insurance including auto, property, and other non-life coverage. Ping An P&C premium income increased 6.8% to RMB 90,951 million in Q1 2026, with 2025 showing 3.3% revenue increase and 6.6% premium income rise.
3. Banking Services (Ping An Bank): Commercial banking services through Ping An Bank subsidiary. Revenue rose 4.7% to RMB 35,277 million in Q1 2026. The bank was upgraded to AA in MSCI ESG ratings.
4. Asset Management: Investment management services. Insurance fund investment portfolio grew 13.2% in 2025. Responsible investment assets totaled RMB 1.0426 trillion as of end-2025 (up 22.7% from 2024).
5. Technology Services: Fintech and Insurtech services including OneConnect and other technology platforms. Exploring sale of approximately $1 billion in software-focused private equity stakes in Vista Equity and KKR funds through advisor Campbell Lutyens.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Ping An Insurance (Group) Company of China is a diversified integrated financial services provider offering life and health insurance, property and casualty insurance, commercial banking through Ping An Bank, asset management, and healthcare and senior care services. The group serves nearly 252 million retail customers and corporate clients through an "All in One" digital platform supported by proprietary AI technology, IoT connectivity, and satellite-based monitoring. Its subsidiaries include Ping An Life Insurance, Ping An P&C Insurance, Ping An Bank, Ping An Good Doctor, OneConnect Financial Technology, and Ping An Asset Management.

Product overview

Ping An Insurance (Group) Company of China operates as a diversified integrated financial services provider with a platform-plus-modules architecture. The core platform is the All in One Platform, which unifies insurance, banking, and asset management services serving nearly 252 million retail customers. Key product modules include: Ping An Life Insurance and Life & Health Insurance (core insurance products); Ping An P&C and Auto Insurance (property and casualty coverage); Ping An Good Doctor and Longevity Management Service System (healthcare and longevity services including Shenzhen Beiyi Rehabilitation Hospital); AI-Powered Express Service and Global Emergency Assistance (customer service features); PingAnGPT-Qwen3-32B Financial LLM and OneConnect Financial Technology (AI/fintech capabilities); and Nebula IoT Program with PingAn Satellite Constellation (IoT and satellite services for supply chain finance). The company also operates Ping An Bank as its banking subsidiary and offers sustainability-focused products through the SIMPLE Framework. The integrated finance + health and senior care strategy connects these modules to provide comprehensive customer solutions.

Differentiator

Problem solved

Functional benefit

Brands

• All in One Platform: AI-powered integrated service platform serving retail customers with financial and health services
• Nebula IoT Program
• SIMPLE Framework
• Ping An Longevity Management Service System

Products and services

• Ping An Life Insurance Life insurance products offered through Ping An Life Insurance Company of China, a wholly-owned subsidiary, including term life, whole life, and investment-linked products distributed via agents and bancassurance. New business value reached RMB 15,574 million in Q1 2026 (up 20.8% YoY) with first-year premium of RMB 66,340 million (up 45.5% YoY).
• Ping An P&C (Property & Casualty) Insurance Property and casualty insurance products including auto insurance (covering both traditional and new energy vehicles), home insurance, and commercial insurance, offered through Ping An P&C Insurance. Premium income grew 6.8% to RMB 90,951 million in Q1 2026.
• Life & Health Insurance Combined life and health insurance products offered across the group, focusing on higher-margin offerings. Life & Health NBV rose 29.3% in 2025 and reached RMB 15,574 million in Q1 2026.
• Ping An Bank (Commercial Banking) Commercial banking services including corporate banking, retail banking, and IoT-enabled supply chain finance, offered through wholly-owned subsidiary Ping An Bank. Revenue rose 4.7% to RMB 35,277 million in Q1 2026.
• Ping An Asset Management Investment management services for insurance fund portfolios, with responsible investment assets totaling RMB 1.0426 trillion as of end-2025 (up 22.7% from 2024). Green investments by insurance funds reached RMB 530.1 billion.
• Ping An Good Doctor Online healthcare and telemedicine platform providing online medical consultations, health management, and longevity services as part of Ping An's integrated finance plus health strategy, including the China Health Longevity Index (CHLI) launched in 2026.
• Longevity Management Service System Comprehensive longevity management service system including AI-powered express services, global emergency assistance across 233 countries, and home-based services for elderly care, addressing China's longevity era health deficit.
• Ping An Securities Securities brokerage and trading services offered through wholly-owned subsidiary Ping An Securities.
• Ping An Reinsurance Reinsurance services offered through wholly-owned subsidiary Ping An Reinsurance, supporting risk management across the group's insurance operations.
• Shenzhen Beiyi Rehabilitation Hospital Self-operated hospital providing advanced rehabilitation services using AI technology, collaborating with Ping An's insurance and healthcare services to support the Greater Bay Area as part of the health and senior care ecosystem.
• OneConnect Financial Technology
• Ancient Tree Guardian Action Biodiversity protection project using an Insurance + Technology model with AI, IoT, and big data to monitor and protect over 55,000 ancient trees in China, providing RMB 700 million in risk protection as of October 2025.

Quantifiable outcome

• AI-powered fraud prevention reduced losses by RMB 9.15 billion
• +7 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability16 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Asia-Pacific Longevity Medicine SocietycoreStrategic or Co-development Partner · 24 June 2026Ping An Good Doctor announced partnership with Asia-Pacific Longevity Medicine Society to jointly release a white paper and launch the 'China Health Longevity Index (CHLI)' as part of upgraded longevity management services under the 'integrated finance + health and senior care' strategy.
• Dhipaya InsuranceminorStrategic or Co-development Partner · 4 December 2025Partnership facilitated by Howden to develop Extended Warranty Insurance products for Chinese electric vehicles in Thailand, supporting Chinese EV manufacturers' expansion and customer protection. First product launch scheduled for early 2026, addressing challenges such as high repair costs and market environment changes.

Scale indicators24 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• AIA Group: Pan-Asian life insurance leader with deep mainland China and Hong Kong presence. Directly comparable as a high-growth Asia life insurer leveraging agency force, bancassurance, and integrated wealth-health propositions for Asian aging populations.
• PICC Property and Casualty: China's largest property & casualty insurer and a direct competitor to Ping An P&C in auto, property, and commercial lines. Comparable underwriting scale and exposure to Chinese EV insurance economics.
• China Life Insurance: China's largest life insurance company and the closest direct competitor to Ping An in life, health, and bancassurance distribution. Compete head-to-head on retail customer scale, life NBV growth, and integrated finance offerings in mainland China.
• China Pacific Insurance (CPIC): Top-three Chinese integrated insurer offering life, P&C, and asset management. Directly comparable to Ping An across product mix, bancassurance growth, and the technology-driven transformation narrative targeting China's aging population.
• New China Life Insurance: Major Chinese life insurer competing with Ping An Life in individual and group life products, agent force, and bancassurance channels. Similar integrated finance strategy and exposure to Chinese demographic longevity trends.

Broad incumbents

• Allianz: Global insurance and asset management giant with strong asset management (PIMCO) franchise. Comparable to Ping An's integrated insurance plus asset management model at much broader global scale.
• MetLife: Global life, health, and retirement benefits insurer with significant Asia presence. Comparable in group and individual life insurance, employee benefits, and integrated health-protection offerings, though more diversified geographically.
• AXA: Global multi-line insurer with P&C, life, and health businesses. Comparable as a broad incumbent in integrated insurance plus health services, though operating across multiple geographies versus Ping An's China-centric scale.
• Manulife Financial: Global life insurance and wealth manager with significant Asia footprint. Comparable in life insurance, group benefits, and asset management, though it operates across multiple geographies rather than focusing exclusively on China.
• Prudential plc: Global life and health insurer with major Asia operations. Comparable in health-and-protection-led strategy and bancassurance distribution, though focused on Southeast Asia and Hong Kong rather than mainland China.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ping-an

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ping An Insurance (Group) Co of China