Ping An's 60% New Business Value Growth Suggests Good Start to Year
Ping An Insurance's first-quarter results were well on track, with total revenue and net profits increasing 27% and 11% year on year. The quarter saw surging new business value growth at 60% versus the 32.2% and 38.3% in 2016 and the first quarter of 2016. This is probably the fastest growth in the industry. Agent head count continued to grow strongly at 27.6% to 1,196,000, while productivity per agent saw 32% improvement versus 8% in 2016. This indicates the effectiveness of Ping An's agent tra...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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