Report
Iris Tan
EUR 101.80 For Business Accounts Only

Ping An Posted Robust First-Half EV Growth; FVE Increased

Although we increased our five-year top-line growth forecast for Ping An Insurance following its fintech conference in early July, its first-half results still exceeded our expectations. Embedded value, or EV, grew 15.9% against last year, and new business value, or NBV, grew 46% from the year-ago period. The accelerating EV growth was driven by stronger growth momentum and a higher-quality life insurance business. This is despite its huge size and leading market position, rather than improved i...
Underlying
Ping An Insurance (Group) Company of China Ltd. Class H

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Iris Tan

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