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Profile & Fundamentals

Ping An Insurance Profile & Fundamentals

Name: Ping An Insurance financial chart data preview
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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

Official website

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

Updated 2026-09-07

Market Cap: HKD 963.3B
P/E: 5.4x
Revenue (Q2 26): CNY 376.9B
Profit (Q2 26): CNY 67.3B
Dividend Yield: 11.9%
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

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The consensus highlights a highly resilient cash-generating machine whose true power is often obscured by short-term stock market volatility. While top-line revenue growth has stabilized at a modest pace, core operating profits and free cash flows are expanding robustly. This strength is driven by a powerful recovery in the life and health insurance segments, which are seeing double-digit growth in new business value. The reports agree that the company's core underwriting engine remains highly healthy, easily covering its generous dividend payments. However, there is some disagreement on how much the low-interest-rate environment in China will drag on future investment earnings. Some expect a slow, steady grind upward, while others warn that volatile stock market swings will continue to create noisy headline net income figures, even as the underlying cash flow remains ironclad.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company maintains highly stable and robust operating margins, reflecting the strong pricing power of its integrated financial services. The reports agree that structural cost savings from artificial intelligence and automated claims processing are successfully protecting profitability. This technological edge helps offset the cyclical pressure on investment margins caused by low interest rates. While the consensus is clear that the company's current low valuation prices in an unrealistic collapse in profitability, there is a clash over the future margin trajectory. Some analysts project steady margin expansion as high-margin health and senior care products become a larger part of the business mix. Others take a more cautious stance, expecting margins to remain flat due to ongoing competition and the drag of lower reinvestment yields. Overall, the margin profile remains a key pillar of the investment safety net.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-08.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	103,143,165,467.63	30,388,057,553.96	8,977,553,956.83	88.4	13.17	8.7	29.46
2017-12-31	123,189,093,702	15,672,196,620.58	13,684,792,626.73	84.89	16.8	11.11	12.72
2018-12-31	127,810,465,116.28	28,429,796,511.63	15,611,046,511.63	84.14	18.55	12.21	22.24
2019-12-31	151,740,948,275.86	34,085,488,505.75	21,466,522,988.51	88.13	17.49	14.15	22.46
2020-12-31	167,666,921,898.93	46,260,336,906.58	21,914,088,820.83	89.57	17.15	13.07	27.59
2021-12-31	166,281,446,540.88	12,253,144,654.09	15,977,672,955.97	100	13.2	9.61	7.37
2022-12-31	96,305,072,463.77	67,812,318,840.58	16,088,115,942.03	100	21.42	16.71	70.41
2023-12-31	95,583,802,816.9	49,660,985,915.49	12,065,492,957.75	100	17.7	12.62	51.96
2024-12-31	125,563,698,630.14	51,478,904,109.59	17,343,424,657.53	99.14	18.6	13.81	41
2025-12-31	132,745,350,500.72	93,801,099,427.75	18,782,517,310.44	99.06	19.48	14.15	70.66

Published valuation snapshots
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

Shares outstanding — chart values
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

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