Reinsurance News
Ping An
Ping An P&C insurance revenue climbs 3% in 9M 2025
29th October 2025
Chinese insurer Ping An achieved solid growth with continued improvement in business quality within its property & casualty (P&C) segment in the first nine months of 2025, reporting insurance revenue of RMB253,444 million, up 3% year on year. The company noted that building a full-scenario, end-to-end customer service system to deliver ... Read the full article
Ping An names Ray Wang as Group CTO & General Manager, Ping An Technology
31st July 2025
Ping An Insurance (Group) Company of China, Ltd., an integrated financial services provider with a presence in insurance, banking, and asset management, has appointed Ray Wang as the Group's Chief Technology Officer (CTO) and General Manager of Ping An Technology. The appointment aims to enhance the firm's research and development and ... Read the full article
Ping An introduces AI-powered “EagleX” to strengthen climate risk management worldwide
27th May 2025
Ping An Insurance (Group) Company of China, Ltd., an integrated financial services providers with a presence in insurance, banking, and asset management, has launched the international edition of its risk mitigation platform, "EagleX," through its subsidiary Ping An Property & Casualty Insurance (P&C). This advanced platform offers global users detailed disaster ... Read the full article
Ping An P&C reports 1% insurance revenue and 8% premium income growth in Q1’25
28th April 2025
Ping An Insurance Company of China has announced its first quarter financial results, reporting that its property & casualty (P&C) segment maintained steady insurance business growth and good business quality. The P&C sector demonstrated a strong performance, with premium income increasing by 7.7% year-on-year to RMB 85.138 billion. Insurance revenue also ... Read the full article
Ping An P&C’s net profit swells 67.7% in 2024
19th March 2025
Ping An Insurance Company of China has disclosed that its property & casualty (P&C) segment achieved a net profit of RMB 15,021 million in 2024, marking a significant 67.7% increase compared to 2023. The segment maintained steady growth and strong business performance throughout the year, with insurance revenue for Ping An ... Read the full article
Ping An partners with JBA to enhance flood risk management
4th March 2025
Ping An Insurance (Group) Company of China has entered a flood maps licensing agreement with UK-based flood specialist JBA Risk Management to enhance its underwriting and risk management capabilities. The partnership reflects the growing significance of flood risk in China, where both the frequency and severity of flood events have been ... Read the full article
Ranked by 2023 NPW, health carriers again dominate list of world’s largest insurers
3rd January 2025
In terms of net premiums written (NPW), health insurance companies continued to dominate in 2023 as four out of the top five were US-based health insurers, with UnitedHealth Group holding on to the top spot for the 10th year in a row with NPW growth of 13%. Our ranking of ... Read the full article
Ping An reports 4.5% growth in P&C insurance revenue in 9M 2024
21st October 2024
Chinese insurer Ping An has reported its results for the first nine months of 2024, showing a solid 4.5% year-on-year growth in property & casualty (P&C) insurance revenue, reaching RMB246,022 million. At the same time, its P&C operating profit increased 39.7% year-on-year to RMB13,987 million. The company also improved its overall P&C ... Read the full article
Ping An posts 3.9% P&C insurance revenue growth in H1’24
22nd August 2024
Ping An has released its financial results for the first half of 2024, revealing a solid 3.9% year on year growth in property & casualty (P&C) insurance revenue, amounting to RMB 161,910 million. At the same time, the organisation also posted an overall combined ratio of 97.8% in the period. Auto ... Read the full article
Ping An’s operating profit rises to $5.3bn in Q1’24
24th April 2024
Ping An has announced a rise in operating profit for Q1 2024 to RMB38,709 million (USD 5.34bn) on the back of a solid performance and growth in both its Property & Casualty (P&C) and Life & Health (L&H) insurance businesses. The Chinese insurers’ P&C segment sustained steady growth and maintained high ... Read the full article
Ping An reveals 6.5% P&C revenue growth in 2023
21st March 2024
Chinese insurer Ping An has released its financial results for the end of 2023, revealing a steady 6.5% year on year growth in property and casualty (P&C) insurance revenue, amounting to RMB 313.458 billion. The company reported an overall combined ratio in P&C, excluding guarantee insurance, of 98.4%, an improvement from ... Read the full article
Lloyd’s to remain at One Lime Street until 2041: Sky News
16th November 2023
The specialist Lloyd's of London insurance and reinsurance marketplace has signed a deal with Ping An to remain at its iconic headquarters until 2041, according to a Sky News report. Sky News claims that after more than a year of negotiating, a long-term deal is closed to being agreed with the ... Read the full article
Ping An’s P&C unit posts 6.8% growth in first nine months of 2023
27th October 2023
Chinese insurer Ping An’s P&C unit reported a growth of 6.8% year on year in insurance revenue to RMB 235,538 million in first nine months of 2023, with operating profit attributable to shareholders of the parent company reaching RMB9,965 million. The company said overall underwriting combined ratio (COR) rose to 99.3% ... Read the full article
Ping An uses insurance as catalyst for conservation, ESG investment
23rd October 2023
Ping An Insurance (Group) Company of China, Ltd. has noted it continues to make strides in the realm of environmental conservation and ESG (Environmental, Social, and Governance) investment by utilising insurance as a catalyst for change. In a groundbreaking move, the company established the Ping An Biodiversity and Environmental Conservation Charitable ... Read the full article
Ping An’s P&C unit posts 7.8% growth in H1’23
30th August 2023
Chinese insurer Ping An's P&C unit reported a growth of 7.8% year on year in insurance revenue to RMB 155,899 million in the first half of 2023. The company said the unit maintained good business quality with steady growth in insurance revenue. Overall underwriting combined ratio remained healthy at 98.0% due ... Read the full article
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