Ping An Insurance Co. of China (OTCMKTS:PNGAY) is one of the country’s largest integrated financial services groups, offering a wide range of insurance, banking, and asset management products. Established in 1988 and headquartered in Shenzhen, the company operates through life insurance, property and casualty insurance, health insurance, and pension services. Its core insurance businesses—Ping An Life, Ping An Property & Casualty and Ping An Health—serve individual and corporate clients with protection plans ranging from traditional life and annuity products to specialized health coverage and retirement solutions.
In addition to its insurance operations, Ping An has built a comprehensive financial ecosystem that includes Ping An Bank, Ping An Trust, Ping An Securities, and Ping An Asset Management. The company has invested heavily in technology, deploying advanced artificial intelligence, big data, and blockchain platforms to enhance underwriting, claims processing, customer engagement, and risk management. Through its digital initiatives—such as the Good Doctor online healthcare platform and the OneConnect fintech services arm—Ping An has expanded its reach into healthtech, supply chain finance, and smart city projects, demonstrating a focus on innovation and ecosystem-driven growth.
Ping An primarily serves customers in Mainland China, with growing international operations in Hong Kong, Singapore, London, and other financial centers. The group’s cross-border services include reinsurance, wealth management, and international asset allocation, catering to both domestic investors seeking global diversification and overseas clients interested in the Chinese market. The board of directors is chaired by co-founder Ma Mingzhe, whose leadership has overseen the company’s transformation from a P&C insurer into a diversified financial conglomerate emphasizing digital finance and healthcare innovation.
