Ping An Ranks 27th on Forbes' Global 2000 List

Rhea-AI Summary

Ping An Insurance Group (PNGAY) has climbed to 27th position on Forbes' 2025 Global 2000 list, up two spots from the previous year. The company ranked 5th among Chinese companies and remained China's top-ranked insurer. Ping An reported impressive financial metrics with revenue of US$158 billion, profit of US$17.6 billion, and total assets of US$1.8 trillion. The company's 2024 performance showed strong growth with operating profit up 9.1% to RMB121.862 billion and net profit surging 47.8% to RMB126.607 billion. Revenue increased 12.6% to RMB1,028.925 billion, while total assets grew 11.9% to RMB12.96 trillion. The company serves 242 million retail customers with a 98% retention rate and has enhanced its technological capabilities, with AI handling 80% of customer service interactions. Ping An increased its annual dividend by 5% to RMB2.55 per share and maintained strong ESG performance with an MSCI AA rating.

Positive

• Net profit surged 47.8% year-over-year to RMB126.607 billion
• Revenue grew 12.6% to RMB1,028.925 billion with total assets up 11.9%
• Strong customer metrics with 242 million retail customers and 98% retention rate
• Increased annual dividend by 5% to RMB2.55 per share
• AI service efficiency with 80% of customer service handled by AI representatives
• Achieved MSCI ESG rating upgrade to AA, leading Asia-Pacific insurance category

Negative

• None.

HONG KONG and SHANGHAI, June 13, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or the "Group", HKEX: 2318; SSE: 601318) has risen two spots to rank 27th on Forbes' 2025 Global 2000 list, an authoritative ranking of the world's largest public companies based on a composite score of revenue, profit, assets, and market value. Released on June 12, the latest rankings reflect Ping An's continued growth and strong performance, as the Group moved up two places from last year. Additionally, Ping An secured 5th place among Chinese companies, climbing one spot from the previous year, while maintaining its position as the highest-ranked insurance company in China.

The top five Chinese companies in the 2025 rankings are Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, and Ping An. During the period, Ping An reported revenue of US$158 billion, profit of US$17.6 billion, and total assets amounted to US$1.8 trillion.

Progress driven by technology-enabled "integrated finance + health and senior care" dual-driver strategy

Ping An continues to advance its technology-enabled "integrated finance + health and senior care" dual-driver strategy, driving stable growth across its core businesses. Through its integrated finance model, Ping An has strengthened its engagement with retail customers. As of the end of 2024, Ping An served 242 million retail customers, with 25.6% holding four or more contracts within the Group. Customer retention remained robust at 98.0%. The health and senior care strategy also provided differentiated advantages, with nearly 63% of Ping An's retail customers entitled to service benefits in the health and senior care ecosystem.

In transforming and upgrading its core businesses, Ping An harnessed technology to reduce costs, enhance operational efficiency, and strengthen risk management. The number of service cases handled by Ping An's AI service representatives reached approximately 1.84 billion, accounting for 80% of the Group's total customer service volume in 2024. In Life insurance, 93% of policies were underwritten within seconds via smart underwriting, smart claim settlement and smart policy renewal. Moreover, Ping An P&C achieved claims savings of RMB11.94 billion through smart fraud detection, marking a year-on-year increase of 10.4%.

In 2024, Ping An achieved an operating profit attributable to shareholders of the parent company of RMB121.862 billion, achieving a year-on-year increase of 9.1%. Net profit attributable to shareholders of the parent company reached RMB126.607 billion, representing a significant year-on-year increase of 47.8%. Revenue totaled RMB1,028.925 billion, up 12.6% year-on-year, while total assets reached RMB12.96 trillion, a 11.9% increase from the beginning of the year.

Enhancing customer experience with the "worry-free, time-saving, and money-saving" value proposition

Ping An has actively promoted its "worry-free, time-saving, and money-saving" value proposition to enhance customer experience. Under its "worry-free" services, Ping An's auto insurance now offers 82 convenient services, including roadside assistance, vehicle inspections, and chauffeur services, benefiting 236 million users of "Ping An Auto Owner" app. By the end of 2024, Ping An's home-based senior care services had expanded to cover 75 cities nationwide. For "time-saving" initiatives, 93% of the policies were underwritten within seconds through smart underwriting, smart claim settlement and smart policy renewal.

Commitment to shareholder returns, communication, and value creation

According to its 2024 annual report, Ping An proposed a final dividend of RMB1.62 per share in cash for 2024, bringing the total annual dividend to RMB2.55 per share, a 5% year-on-year increase. The cash dividend payout ratio based on operating profit attributable to shareholders (OPAT) was 37.9%, marking 13 consecutive years of dividend growth. The Group maintains strong communication with shareholders through annual general meetings and investor roadshows. On May 13, 2025, Ping An held its 2024 Annual General Meeting, attended by 117 shareholders. Management addressed 29 questions and suggestions raised by shareholders.

Fulfilling corporate social responsibility and supporting economic development

As of December 31, 2024, Ping An had invested nearly RMB10.14 trillion to support the real economy. Its green investment of insurance funds reached RMB124.712 billion, while its green loan balance amounted to RMB157.762 billion. In 2024, green insurance premium income totaled RMB 58.608 billion. Through its "Ping An Rural

Communities Support", Ping An provided RMB52.014 billion in funding to promote rural industrial vitalization. In addition, MSCI upgraded Ping An's ESG rating to AA, giving it the top spot in the multi-line insurance & brokerage category in the Asia-Pacific region for three consecutive years.

The Forbes Global 2000 list, published annually since 2004, evaluates publicly traded companies worldwide based on revenue, profit, assets, and market capitalization. This year's list revealed record-breaking combined figures for the top 2,000 companies, with a total revenue of US$52.9 trillion, profit of US$4.9 trillion, assets of US$242.2 trillion, and market capitalization of US$91.3 trillion. By country, the United States led with 612 companies, followed by China (including Hong Kong) with 317 companies.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its nearly 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 27^th in the Forbes Global 2000 list in 2025 and 53^rd in the Fortune Global 500 list in 2024. 

For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN.

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SOURCE Ping An Insurance (Group) Company of China, Ltd.

FAQ

What is Ping An's (PNGAY) ranking on Forbes Global 2000 list in 2025?

Ping An ranked 27th on Forbes' Global 2000 list in 2025, moving up two spots from the previous year. It ranked 5th among Chinese companies and remained China's top-ranked insurance company.

What was Ping An's financial performance in 2024?

In 2024, Ping An reported revenue of US$158 billion, profit of US$17.6 billion, and total assets of US$1.8 trillion. Net profit grew 47.8% to RMB126.607 billion, while revenue increased 12.6% to RMB1,028.925 billion.

What is Ping An's dividend payment for 2024?

Ping An proposed a final dividend of RMB1.62 per share for 2024, bringing the total annual dividend to RMB2.55 per share, representing a 5% year-on-year increase.

How many retail customers does Ping An serve and what is their retention rate?

Ping An serves 242 million retail customers, with 25.6% holding four or more contracts within the Group. The customer retention rate remained strong at 98.0%.

What is Ping An's ESG performance and green investment status?

Ping An achieved an MSCI ESG rating of AA, leading the Asia-Pacific insurance category. Its green investment of insurance funds reached RMB124.712 billion, with green loan balance of RMB157.762 billion.