The company was founded in 1988 in Shekou, Shenzhen, and has grown into one of China's top three comprehensive financial groups with support from various levels of government and regulatory authorities, customers and all sectors of society. China Ping An is also one of the personal financial life service groups with the most complete domestic financial licenses and the widest range of business. Currently, the total assets of the group have exceeded 11 trillion yuan, making it the insurance group with the largest assets in the world. Through a multi-channel distribution network, the company uses its subsidiaries such as Ping An Life Insurance, Ping An Industrial Insurance, Ping An Pension Insurance, Ping An Health Insurance, Ping An Bank, Ping An Trust, Ping An Securities, Ping An Asset Management and Ping An Financial Leasing to operate financial business, and uses subsidiaries, joint ventures and joint ventures such as Auto Home, Lujin Holdings, Financial One Account, and Ping An Health to operate technology business to provide customers with a variety of financial products and services. Corporate honors: Ping An of China ranked 16th in the “Top 2000 Global Listed Companies” by Forbes; ranked 33rd in the US “Fortune 500”, ranking first among global insurance companies. Ping An of China is listed on both the main board of the Hong Kong Stock Exchange and the Shanghai Stock Exchange. By the end of June 2023, the number of individual customers in the Group had exceeded 0.229 billion, an increase of 1.2% over the beginning of the year; the number of individual customer contracts per customer had steadily increased to 2.99, an increase of 0.7% over the beginning of the year. Consolidate customer base management, and the degree of cross-penetration of individual customers continues to increase. Over 90.71 million individual customers hold contracts with multiple subsidiaries at the same time, accounting for 39.6% of the total number of customers. Improve customer stickiness and develop multiple types of financial services collaboratively. The higher the number of contracts per customer, the lower the customer churn rate. As of the end of June 2023, 26% of customers had 4 or more contracts within the group, and the turnover rate of customers with 4 or more contracts was less than 1%.
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