Ping An Insurance (PNGAY)

Overall impact
B (61)

Commentary

Ping An Insurance is a strong overall performer. With a 'B' rating of 61.3 for overall impact (66th percentile compared to all companies), Ping An Insurance ranks 18th out of 43 industry peers, behind Metlife, Primerica, Federal Life and 14 others, and ahead of GWG, Aegon, FBL Financial and 22 others. On top material causes for Ping An Insurance's industry (Insurance), Ping An Insurance performs well in Decent, Safe Work Opportunities (84.0 score) and Disaster Readiness and Effective Aid (95.8) and performs poorly in Access to Affordable Healthcare (37.6 score), Reduced Waste (32.9) and Equal Pay and Opportunity (36.8).
Impact
Cause PNGAY
Peer rank
Overall impact

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Company
Founded
1988
Employees
273,053
Sector
Financials
Industry
Insurance
Sub-industry
Life & Health Insurance
SASB industry
Insurance
Headquarters
China
Share classes
PNGAY
ADR
2318.HK
Description
Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for life insurance, property and casualty insurance, trust, securities, banking, and other businesses in the People's Republic of China. It operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Finance Enablement segments. The company offers life insurance products, including term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance products; and auto, non-auto, and accident and health insurance to individual and corporate customers. It also undertakes loan and intermediary businesses with corporate and retail customers; and provides wealth management and credit card services to individual customers, as well as trust products services, brokerage services, trading services, investment banking services, investment management services, finance lease business, and other asset management services. In addition, the company offers financial and daily-life services through internet platforms such as financial transaction information service platform and health care service platform. Further, it is involved in the provision of annuity insurance; IT and business process outsourcing services; internet, money, custom loyalty, corporation management, and credit information services; futures and currency brokerage; real estate investment and development; property leasing and management; operates as a property agency and sales agency of insurance; fund raising and distribution; commercial factoring; expressway operation; equity investment; securities investment and brokerage; fund sales and settlement; and production and sale of consumer chemicals; logistics and warehousing; e-commerce business; micro loans; consulting services; infant products; real estate consulting; and commodity trade. The company was incorporated in 1988 and is based in Shenzhen, China.
Material causes
Ethos considers the following causes material for Ping An Insurance, based on its industry sub-industry Life & Health Insurance. Learn more about material causes in our methodology overview.

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