Top 10 Largest Insurance Companies in the World

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

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

Ping An Insurance (Group) Company of China, Ltd. is one of the largest insurers not only in China but also in the world. The company was founded in 1988 and is headquartered in Shenzhen, Guangdong, China. It provides a wide range of financial services, such as insurance, banking, and trust services, among others. Ping An Group is led by Mr. Ma Mingzhe, the founder and Chairman of the Board.

Ping An Insurance (Group) Company of China, Ltd. is composed of several subsidiaries, such as Ping An Life Insurance Company of China, Ltd., Ping An Property & Casualty Insurance Company of China, Ltd., and Ping An Health Insurance Company of China, Ltd., among others. These subsidiaries offer insurance products and services to individual and corporate clients all over China. Furthermore, Ping An Group has established partnerships with other companies in China and abroad to expand its business scope and improve its competitiveness.

In recent years, Ping An Insurance (Group) Company of China, Ltd. has achieved remarkable financial results. According to its 2020 annual report, its total revenue reached RMB 1070.9 billion (USD 165.2 billion) and its net profit attributable to shareholders was RMB 149.8 billion (USD 23.1 billion). Its total assets amounted to RMB 11.2 trillion (USD 1.7 trillion) and its market capitalization was approximately HKD 1.9 trillion (USD 243.6 billion) as of December 31, 2020.

Ping An Insurance (Group) Company of China, Ltd. has been recognized for its outstanding performance and innovative practices in the global insurance industry. It has received numerous awards and accolades, such as the “Best Insurance Brand in China” by the World Brand Lab for six consecutive years, the “Best Digital Insurance Company in China” by the Asia Insurance Review for three years in a row, and the “Best InsurTech Innovation” by the Global Insurance Awards, among others. Moreover, Ping An Group has been included in the Forbes Global 2000 list for 14 consecutive years and ranked 16th in the 2021 edition.

In conclusion, Ping An Insurance (Group) Company of China, Ltd. is a leading insurance company in China and a major player in the global insurance market. Its strong financial performance, diversified business portfolio, and innovative capabilities have enabled it to maintain its competitiveness and sustain its growth in the long term. With its commitment to excellence and customer-oriented approach, Ping An Group is poised to continue its success story in the years to come.

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