Morningstar

Ping An Insurance (Group) Co. of China Ltd Class A 601318

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Stock XSHG Rating as of
CN¥53.29 +0.79 (1.50%)
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As of Delayed Price Closed

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Ping An's Strong Bancassurance Sales Continued in 2026

Iris Tan

In China's competitive insurance market, Ping An stands out for its proprietary technology that enhances the customer experience and supports cross-selling across its four core ecosystems: integrated finance, automotive, healthcare, and eldercare. We expect this technological edge to lead to stronger underwriting profitability and above-peer long-term growth.

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Price vs Fair Value

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601318 is trading at a LOCK|?x^Y$@ premium.
Price
CN¥53.29
Fair Value
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Uncertainty
LOCK|!&H
1-Star Price
LOCK|T.^
5-Star Price
LOCK|.@m
Economic Moat
LOCK|zc
Capital Allocation
LOCK|nqH@#!

Bulls Say, Bears Say

Bulls

The regulatory cut to bancassurance commission rate has benefited large insurers such as Ping An, with about 75% of bancassurance sales being generated from its banking subsidiary and a strong product pipeline.

Bears

Frequent top management turnover poses more temporary headwinds to its ongoing business restructuring.

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Trading Information

Previous Close Price
CN¥52.50
Day Range
CN¥52.41–53.49
52-Week Range
CN¥46.90–74.88
Bid/Ask
CN¥53.28 / CN¥53.29
Shares Outstanding
18.11B
Market Cap
CN¥964.96B
Volume/Avg
56M / 77M

Key Statistics

Price/Earnings (Normalized)
6.32
Price/Sales
1.01
Dividend Yield (Trailing)
5.12%
Dividend Yield (Forward)
5.12%
Dividend Payment Schedule
Jun, Sep, Oct
Total Yield
5.12%

Company Profile

Ping An Insurance was founded in 1988 and headquartered in Shenzhen. As an integrated financial service provider, the company offers healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, and other financial services. These business segments contributed 66%, 10%, 28%, and 1% of the company’s pretax profits, respectively, in 2025.
Sector
Financial Services
Industry
Insurance - Life
Stock Style Box
Large Value
Total Number of Employees
258,806
Website
https://www.pingan.cn

Competitors

Valuation

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Metric
601318
601628
01299
Price/Earnings (Normalized)
 6.324.1911.94
Price/Book Value
 0.941.562.35
Price/Sales
 1.011.302.04
Price/Cash Flow
 1.472.35—
Price/Earnings
601318
601628
01299

Financial Strength

Metric
601318
601628
01299
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 4.89—15.25
Quick Ratio
No chart available

Profitability

Metric
601318
601628
01299
Return on Assets (Normalized)
 1.33%3.32%2.35%
Return on Equity (Normalized)
 18.71%42.76%19.29%
Return on Invested Capital (Normalized)
 1.17%28.25%13.90%
Return on Assets
601318
601628
01299

Insurance - Life Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
China Life Insurance Co Ltd Class H
CILJF
—LOCK|!&W$141B
 Ping An Insurance (Group) Co. of China Ltd ADR
PNGAY
—LOCK|<Y&$135B
 Ping An Insurance (Group) Co. of China Ltd Class H
PIAIF
LOCK|lN^?c&LOCK|!^C$135B
 AIA Group Ltd ADR
AAGIY
—LOCK|&R$97B
 AIA Group Ltd
AAIGF
—LOCK|kS$$97B
 Manulife Financial Corp
MFC
LOCK|!K!<K^RLOCK|!kG$71B
 MetLife Inc
MET
LOCK|JnJ>!^LOCK|TK$60B
 Aflac Inc
AFL
LOCK|zf^b>kLOCK|#DCy$56B
 Prudential Financial Inc
PRU
LOCK|@?b>k>LOCK|Sz^$39B
 Prudential PLC ADR
PUK
LOCK|qYjB$zJmLOCK|?^c$30B

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