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Ping An Insurance Company of China
(OTC:2318)
Ping An Insurance Company of China (2318) vs. iShares MSCI Hong Kong ETF (EWH)
Ping An Insurance Company of China Business Overview & Revenue Model
Ping An Insurance Company of China Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 729.05B | 744.91B | 678.64B | 664.50B | 1.06T | 1.32T |
| Gross Profit | 821.88B | 916.62B | 678.64B | 664.50B | 1.06T | 1.09T |
| EBITDA | -6.79B | 207.86B | 163.69B | 123.40B | 184.18B | 230.71B |
| Net Income | 116.91B | 126.61B | 85.67B | 111.01B | 101.62B | 143.10B |
Balance Sheet | ||||||
| Total Assets | 7.41T | 12.96T | 11.58T | 11.01T | 10.14T | 9.53T |
| Cash, Cash Equivalents and Short-Term Investments | 547.45B | 950.37B | 797.92B | 746.52B | 630.51B | 597.30B |
| Total Debt | 1.00T | 1.40T | 1.49T | 1.48T | 1.59T | 1.42T |
| Total Liabilities | 6.68T | 11.65T | 10.35T | 9.82T | 9.06T | 8.54T |
| Stockholders Equity | 599.08B | 928.60B | 899.01B | 869.19B | 812.40B | 762.56B |
Cash Flow | ||||||
| Free Cash Flow | 430.99B | 375.80B | 352.59B | 467.90B | 77.93B | 302.08B |
| Operating Cash Flow | 229.93B | 382.47B | 360.40B | 476.78B | 90.12B | 312.07B |
| Investing Cash Flow | -561.19B | -416.25B | -104.00B | -215.76B | 27.93B | -447.14B |
| Financing Cash Flow | -39.40B | 30.95B | -222.06B | -230.87B | -136.41B | 260.64B |
Ping An Insurance Company of China Technical Analysis
Ping An Insurance Company of China Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.06T | 7.37 | 6.85% | 11.71% | 37.04% | ||
67 Neutral | $16.51B | 11.23 | 9.71% | 3.96% | 11.61% | -10.70% | |
| $95.87B | 14.55 | 16.75% | 3.75% | ― | ― | ||
| $46.32B | 5.84 | 16.47% | 4.13% | ― | ― | ||
| $142.07B | 4.45 | 22.83% | 2.40% | ― | ― | ||
| $52.06B | 4.78 | 17.85% | 2.48% | ― | ― | ||
75 Outperform | HK$184.39B | 4.88 | 26.08% | 2.09% | -43.77% | ― |
Ping An Insurance Company of China Corporate Events
Ping An Insurance Company of China has announced that its board of directors will meet on August 26, 2025, to review and approve the interim results for the first half of the year ending June 30, 2025. The meeting will also consider the payment of an interim dividend, which could impact the company’s financial strategy and shareholder returns.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$55.50 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance Company of China has completed the share purchase under its 2025 Key Employee Share Purchase Plan, acquiring over 11 million A shares, which constitutes 0.062% of its total share capital. This initiative, funded by employee remuneration and bonuses, involved 2,263 key personnel and aims to align employee interests with company performance, with shares subject to a lock-up period until June 2026 and contingent on performance targets.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$55.50 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance Company of China announced that there has been no progress in the implementation of its 2025 Long-term Service Plan as of the current date. The company has committed to fulfilling its information disclosure obligations in a timely manner as circumstances develop, which may impact its operational strategies and stakeholder expectations.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$55.50 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance Company of China has successfully completed the issuance of HK$11.765 billion zero-coupon convertible bonds due in 2030. The proceeds from this issuance will be used to bolster the company’s core business, enhance its capital position, and support new strategic initiatives in healthcare and elderly care. The company has also secured approval for listing the conversion shares on the Hong Kong Stock Exchange and plans to list the bonds on the Frankfurt Stock Exchange. With a scattered shareholding structure and no controlling shareholders, Ping An does not anticipate any change of control events that would trigger adjustments to the conversion price.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$55.50 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance Company of China announced the proposed issuance of HK$11.765 billion zero-coupon convertible bonds due 2030. The proceeds from the bonds will be used to enhance the company’s core business, strengthen its capital position, and support new strategic initiatives in healthcare and elderly care. The bonds are convertible into H Shares and will be listed on the Frankfurt Stock Exchange and the Hong Kong Stock Exchange, subject to certain conditions.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$55.50 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance has announced an update regarding its final cash dividend for the year ending December 31, 2024. The dividend is set at RMB 1.62 per share, with an option for shareholders to receive it in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.08806. The payment date is scheduled for June 30, 2025, and the company will apply a withholding tax of 10% for non-resident enterprise and individual shareholders, and 20% for those investing via the Hong Kong Stock Connect Program. This announcement reflects Ping An’s commitment to shareholder returns while navigating the complexities of international tax regulations.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$55.50 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance Company of China has announced the progress of its 2025 Key Employee Share Purchase Plan and Long-term Service Plan. The company purchased 3,883,500 A shares, representing 0.021% of its total share capital, with a total transaction amount of RMB199,912,162.97. The share purchase under the Key Employee Share Purchase Plan is not yet complete, and the Long-term Service Plan has not commenced. This initiative reflects the company’s commitment to employee engagement and long-term growth, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$55.50 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance (Group) Company of China, Ltd. announced the cancellation of repurchased shares and a reduction in registered capital. This decision follows the completion of a share repurchase plan, where the company repurchased over 102 million A shares for approximately RMB 5 billion. The repurchased shares were intended for the company’s employee stock ownership plan, reflecting Ping An’s commitment to long-term employee engagement and retention. This move is likely to impact the company’s capital structure and could influence its market positioning by demonstrating a focus on internal investment and shareholder value.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$57.00 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance Company of China announced the successful completion of its 2024 Annual General Meeting and the 2025 first class meetings for A and H shareholders. The meetings, held on May 13, 2025, resulted in the approval of all proposed resolutions, including the appointment of independent non-executive directors and the payment of the 2024 final dividend. This announcement underscores Ping An’s commitment to maintaining robust corporate governance and shareholder engagement, potentially strengthening its market position and stakeholder confidence.
The most recent analyst rating on (HK:2318) stock is a Buy with a HK$57.00 price target. To see the full list of analyst forecasts on Ping An Insurance Company of China stock, see the HK:2318 Stock Forecast page.
Ping An Insurance Company of China has released its first quarter results for 2025, highlighting its strategy of advancing with stability through economic cycles. This announcement reflects the company’s commitment to maintaining steady growth and resilience in the face of market fluctuations, which is crucial for its stakeholders and industry positioning.
Ping An Insurance Company of China reported steady growth in its first-quarter results for 2025, with a 2.4% increase in operating profit attributable to shareholders. The Life & Health business showed significant improvement, with a 34.9% rise in new business value, while the property and casualty segment maintained stable growth. The company also expanded its customer base and enhanced its health and senior care services, partnering with top hospitals and pharmacies across China. Additionally, Ping An demonstrated its commitment to social responsibility by supporting green development and rural vitalization initiatives.
Ping An Insurance Company of China has announced a supplemental notice for its upcoming Annual General Meeting (AGM) on May 13, 2025. The meeting will address several key resolutions, including the approval of the 2024 annual reports, profit distribution plans, and the re-appointment of auditors. Additionally, special resolutions will be considered, such as the issuance of H shares and domestic debt financing instruments. The AGM will also involve the election of independent non-executive directors for the company’s board, reflecting Ping An’s ongoing efforts to strengthen its governance and strategic direction.
Ping An Insurance Company of China announced the progress of its 2025 Key Employee Share Purchase Plan and Long-term Service Plan, with a purchase of 1,727,800 A shares representing 0.009% of its total share capital. The company plans to continue with these initiatives to align employee interests with corporate goals and will fulfill its disclosure obligations as the plans progress.
Ping An Insurance Company of China has announced the release of the 2025 First Quarterly Report for its subsidiary, Ping An Bank, which is now available on the Shenzhen and Shanghai Stock Exchange websites. This disclosure highlights the company’s commitment to transparency and provides stakeholders with insights into the bank’s operational performance for the first quarter of 2025, potentially impacting its market positioning and stakeholder confidence.
Ping An Insurance Company of China has announced a meeting for its H shareholders to discuss and vote on a special resolution regarding the cancellation of repurchased A shares, reduction of registered capital, and amendments to the Articles of Association. This move is part of the company’s strategic efforts to optimize its capital structure, which could have significant implications for its financial stability and shareholder value.
Ping An Insurance Company of China has announced its upcoming annual general meeting (AGM) scheduled for May 13, 2025, in Shenzhen, China. The AGM will address several key resolutions, including the approval of the 2024 annual report, profit distribution plan, and re-appointment of auditors. Additionally, the meeting will consider the development plan for 2025-2027, the issuance of H shares, and the election of independent non-executive directors. These decisions are crucial for the company’s strategic direction and governance, potentially impacting its market position and stakeholder interests.
Ping An Insurance Company of China has announced the appointment of Ms. Fu Xin as the new Chief Financial Officer, effective March 26, 2025, following approval from the National Financial Regulatory Administration. This strategic appointment is expected to bolster the company’s financial leadership and potentially enhance its market positioning, reflecting Ping An’s commitment to strengthening its executive team and maintaining robust financial governance.
Ping An Insurance Company of China has announced the composition of its 13th session board of directors, highlighting the roles and functions of its executive, non-executive, and independent non-executive directors. This announcement is significant for stakeholders as it outlines the leadership structure and committee memberships, which are crucial for strategic decision-making and governance within the company.
Ping An Insurance Company of China has announced that its board of directors will convene on April 25, 2025, to review and approve the company’s first quarterly results for the period ending March 31, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the year.