The Chinese insurance giant Ping An Insurance generated a revenue of over 1.22 trillion yuan in 2022. Although the company had a successful business year, the value of new business decreased by over 30 percent.
A business multitalent
Ping An is not only an insurer, but it also provides other financial services. Among its many business segments are banking services, asset management, and trust services, of which banking is the most profitable. In addition to that, Ping An uses associated companies to profit from the development of China’s Fintech and Medtech industries.
Brand strategy
It is not uncommon that large holdings include many different brands, but Ping An incorporates their associated enterprises with a strong corporate brand. While some enterprises such as Ping An Bank and Ping An Asset Management also carry Ping An’s brand name, others feature only the distinct orange and white colors in their logo and corporate design. As a result, Ping An was the most valuable insurance brand in the world.
Revenue of Ping An Insurance from 2012 to 2022
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Revenue in billion yuan
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Ping An. (April 19, 2023). Revenue of Ping An Insurance from 2012 to 2022 (in billion yuan) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/284347/china-revenue-of-ping-an-insurance/
Ping An. "Revenue of Ping An Insurance from 2012 to 2022 (in billion yuan)." Chart. April 19, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/284347/china-revenue-of-ping-an-insurance/
Ping An. (2023). Revenue of Ping An Insurance from 2012 to 2022 (in billion yuan). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/284347/china-revenue-of-ping-an-insurance/
Ping An. "Revenue of Ping An Insurance from 2012 to 2022 (in Billion Yuan)." Statista, Statista Inc., 19 Apr 2023, https://www.statista.com/statistics/284347/china-revenue-of-ping-an-insurance/
Ping An, Revenue of Ping An Insurance from 2012 to 2022 (in billion yuan) Statista, https://www.statista.com/statistics/284347/china-revenue-of-ping-an-insurance/ (last visited July 22, 2024)
Revenue of Ping An Insurance from 2012 to 2022 (in billion yuan) [Graph], Ping An, April 19, 2023. [Online]. Available: https://www.statista.com/statistics/284347/china-revenue-of-ping-an-insurance/