Ping An Insurance (Group) Company Of China Ltd operates in the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Ping An Insurance (Group) Company Of China Ltd with three other
insurance companies in Asia:
China Life Insurance Co Ltd
(2019
sales of 716.61 billion Chinese Renmimbi [US$110.80 billion]
of which 83%
was Life),
Japan Post Holdings Co Ltd
of JAPAN
(12.77 trillion Japanese Yen [US$123.02 billion]
of which 62%
was Life Insurance), and
Japan Post Insurance Co Ltd
which is
also
based in JAPAN
(7.77 trillion Japanese Yen [US$74.83 billion]
of which 100%
was Insurance & Related Activities).
Sales Analysis.
Ping An Insurance (Group) Company Of China Ltd reported sales of 1.21 trillion Chinese Renmimbi (US$186.43 billion)
for the
year ending
December of 2019.
This
represents
an
increase of 10.4%
versus 2018, when the company's sales were 1.09 trillion Chinese Renmimbi.
Sales at Ping An Insurance (Group) Company Of China Ltd have increased during each of the previous five years
(and since 2014, sales have increased a total of 124%).
Sales of Securities saw an increase
that was more than double the company's growth rate: sales were up
33.6% in 2019, from
11.60 billion Chinese Renmimbi to 15.49 billion Chinese Renmimbi.
Ping An Insurance (Group) Company Of China Ltd also saw significant increases in sales in
Life and Health Insurance (up 25.7% to 719.60 billion Chinese Renmimbi)
.
Not all segments of Ping An Insurance (Group) Company Of China Ltd experienced an increase in sales in 2019:
sales of Fintech and Healthtech fell 8.3% to 32.04 billion Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).
Ping An Insurance (Group) Company Of China Ltd also experienced decreases in sales in
Trust (down 4.5% to 4.96 billion Chinese Renmimbi)
.