The company was founded in 1988 in Shekou, Shenzhen, and has grown into one of the three major integrated financial groups in China with the support of governments and supervisory authorities at all levels, customers and all sectors of society. China Ping An is also one of the personal financial life service groups with the most complete financial licenses and the widest scope of business in China. Currently, the group's total assets 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 Life Insurance, Ping An Pension Insurance, Ping An Health Insurance, Ping An Health Insurance, Ping An Bank, Ping An Trust, Ping An Securities, Ping An Asset Management, and Ping An Financial Leasing. It 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 “Forbes” and “Top 2000 Global Listed Companies”; ranked 33rd in the US “Fortune” and “World Top 500”, ranking first among global insurance companies. Ping An of China is listed on 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 of the Group exceeded 229 million, an increase of 1.2% over the beginning of the year; the average number of contracts for individual customers increased steadily to 2.99, an increase of 0.7% over the beginning of the year. Customer base management has been consolidated, and the degree of cross-penetration of individual customers continues to increase. Over 97.71 million individual customers hold multiple subsidiary contracts at the same time, accounting for 39.6% of the total number of customers. Increase customer stickiness and develop multiple types of financial services collaboratively. The higher the number of contracts per customer, the lower the customer turnover rate. As of the end of June 2023, 26% of customers already held 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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