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
(2020
sales of 794.69 billion Chinese Renmimbi [US$121.24 billion]
),
Japan Post Insurance Co Ltd
of JAPAN
(7.09 trillion Japanese Yen [US$64.59 billion]
of which 100%
was Insurance & Related Activities), and
Japan Post Holdings Co Ltd
which is
also
based in JAPAN
(11.95 trillion Japanese Yen [US$108.87 billion]
of which 60%
was Life Insurance).
Sales Analysis.
Ping An Insurance (Group) Company Of China Ltd reported sales of 1.31 trillion Chinese Renmimbi (US$199.75 billion)
for the
year ending
December of 2020.
This
represents
an
increase of 8.6%
versus 2019, when the company's sales were 1.21 trillion Chinese Renmimbi.
Sales at Ping An Insurance (Group) Company Of China Ltd have increased during each of the previous five years
(and since 2015, sales have increased a total of 88%).
Sales of Securities saw an increase
that was more than double the company's growth rate: sales were up
19.4% in 2020, from
15.49 billion Chinese Renmimbi to 18.49 billion Chinese Renmimbi.
Ping An Insurance (Group) Company Of China Ltd also saw significant increases in sales in
Other Asset Management (up 15.3% to 56.82 billion Chinese Renmimbi)
and
Trust (up 12.0% to 5.55 billion Chinese Renmimbi)
.
Not all segments of Ping An Insurance (Group) Company Of China Ltd experienced an increase in sales in 2020:
sales of Life and Health Insurance fell 0.2% to 717.82 billion Chinese Renmimbi.