Ping An Insurance (Group) Company of China, Ltd. (601318.SS)

41.53 +0.47 (+1.14%) At close: 03:00PM CST

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

Ping An Finance Center
47th, 48th, 109th, 110th, 111th, 112th Floors No.5033 Yitian Road Futian District
Shenzhen 518033
China
86 40 0886 6338
https://www.pingan.com

Sector(s): Financial Services
Industry: Insurance - Life
Full-time employees: 288,751

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Mingzhe Ma	Founder & Executive Chairman	3.59M	N/A	1956
Mr. Yonglin Xie Ph.D.	Co-CEO, President & Executive Director	3.91M	N/A	1968
Mr. Michael Guo	Co-CEO & Senior VP	2.17M	N/A	1973
Ms. Xiaolu Zhang	Compliance Officer & Head of Group Compliance	N/A	N/A	1968
Mr. Baoxin Huang	Senior VP & GM of Beijing Head Office of the Group	N/A	N/A	1965
Mr. Xiaotao Guo	Co-Chief Executive Officer	N/A	N/A	1973
Ms. Zhichun Zhang	CFO & Financial Director	N/A	N/A	1976
Mr. Benjamin Deng	Assistant President & Chief Investment Officer	N/A	N/A	1969
Mr. James E. Garner	Chief Strategist & Head of Investor Relations	N/A	N/A	N/A
Mr. Sun Jianping	Chief Human Resources Officer	3.21M	N/A	1961

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CNY.

Description

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments. Its Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers. The company's Property and Casualty Insurance segment provides auto, non-auto, and accident and health insurance to individual and corporate customers. Its Banking segment undertakes loan and intermediary businesses with corporate and retail customers; and offers wealth management and credit card services to individual customers. The company's Asset Management segment provides trust products services, brokerage services, trading services, investment banking services, investment management, finance lease, and other asset management services. Its Technology segment offers financial and daily-life services through internet platforms, such as financial transaction information service, and health care service platforms. The company also provides annuity insurance, IT and business process outsourcing, real estate investment and management, futures brokerage, project investment, currency brokerage, property agency, fund raising and distribution, real estate development and leasing, and insurance agency services. In addition, it provides factoring, equity investment, logistics and warehousing, management consulting, e-commerce, and credit information services; and operates an expressway, as well as produces and sells consumer chemicals. The company was incorporated in 1988 and is based in Shenzhen, China.

Corporate governance

Ping An Insurance (Group) Company of China, Ltd.’s ISS governance QualityScore as of 1 April 2024 is 2. The pillar scores are Audit: 1; Board: 2; Shareholder rights: 6; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.