Report
Iris Tan
EUR 101.80 For Business Accounts Only

Ping An saw steady growth in both the life insurance and the P&C insurance segments.

We increase our fair value estimate for Ping An Insurance to HKD 60 per share from HKD 50 for its H shares, and to CNY 50 from CNY 42 for its A shares, as its recent fintech transformation conference delivered a positive surprise on the group’s technology platform. We lift our five-year average growth projection for insurance revenue to 19% from 16% and lower our average combined ratio assumption for life insurance to 108% from 114%. The fair value increase was partially offset by our lifted com...
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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