Ping An Insurance

Updated: 2006-11-21 14:17

Ping An Insurance (Group) Company of China Ltd (Ping An) is the first Chinese insurance
company that integrates securities, trusts, banking, asset management and annuity services into a close-knit, efficient and diversified financial holding group. The Company was founded in 1988 and is headquartered in Shenzhen.

The Group is the holding company of the following subsidiary companies: Ping An Life
Insurance Company of China Ltd (Ping An Life), Ping An Property & Casualty Insurance Company of China Ltd (Ping An Property & Casualty), Ping An Annuity Insurance Company of China Ltd,Ping An Asset Management Co Ltd, Ping An Health Insurance Company of China Ltd, China Ping An Insurance Overseas (Holdings) Limited and China Ping An Trust & Investment Co Ltd, which holds an equity interest in Ping An Bank Limited and Ping An Securities Company Ltd.

As of June 30, 2006, consolidated total assets and total equity of the Group were 358,718 million and RMB 38,104 million yuan respectively. The market value of the Group reached
HKD150 billion on July 20, 2006 and the Group has attained the status of a large,
international insurance enterprise.

(For more biz stories, please visit Industry Updates)