Ping An saw steady growth in both the life insurance and the P&C insurance segments.
With 17.7% and 42.7% respective year-on-year increases in net profit and new business value, Ping An Insurance’s first-half results again stood out relative to its peers. The above-expectations NBV growth was fueled by 43% growth in new premium income and a relatively steady new business margin of 38.8%, indicating that China’s insurance demand remains in the fast-growth track. Ping An has been rapidly expanding its agent force, with total agent headcount exceeding 1 million. The rapid expansion...Ping An Insurance Group Company of China is an insurance company. Co. is engaged in the provision of financial products and services on insurance, banking and investment businesses. Co.'s business activities include investing in financial and insurance enterprises, supervising and managing various domestic and overseas businesses of subsidiaries, and investment deployment. Through its subsidiaries, Co. is also engaged in securities investment and brokerage activities; asset management; futures brokerage activities; property investment, management and leasing; operation of pharmacy; wholesale of medical equipment; and information technology services.
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