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.

Though no-moat Ping An Insurance's 17.4% year-on-year net profit growth was not outstanding compared with its close competitors, its profit growth is more comparable at 41% if excluding one-off gains from the business restructure of Puhui Finance in first-half 2016. The past results failed to keep pace with the market's upbeat expectation for another quarter of strong growth in new business value, or NBV. NBV growth slowed to 35.5% versus 49% and 46% in 2016 and first half. Management explained ...
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.

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Analysts
Iris Tan

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