Ping An Insurance (Group) Co. of China Ltd Class A

601318: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CNY 78.00	Lld	Mxhjmdkk

Ping An Insurance’s Results Reflect Continuous Challenges in Life Insurance

Iris Tan

Mar 21, 2022

We lowered our fair value estimates for Ping An Insurance to HKD 86 from HKD 95 for the H-share and to CNY 72 from CNY 80 for the A-share following its 2021 results which reflected continuous challenges in the life insurance business.

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