HONGKONG and SHANGHAI, July 26, 2017 /PRNewswire/ -- Institutional Investor, a reputed international financial publication, released its 2017 "All-Asia (ex Japan) Executive Team" rankings. In view of its outstanding business management and leadership, as well as professional investor relations practices, Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group", HKEx: 2318; SSE: 601318) was named for the fourth time as "Most Honored Company" in Asia and took the first place in almost all eligible categories for the insurance sector.
Being a standout in the insurance category of this year's rankings, Ping An's Chairman and CEO Peter Ma Mingzhe was named as the "Best CEO"; CFO Jason Yao was named the "Best CFO". Ping An also took the first place in all the "Best IR Companies", "Best Analyst Days", "Best IR Professionals" and "Best Websites" categories.
As a leading financial institution in China, Ping An has always strictly adhered to the principles of compliance, objectivity, timeliness, interactivity and fairness. It upholds the principle of open and transparent information disclosures, so as to advance the mutual understanding between the Company and its institutional investors and individual investors at home and abroad. It attaches great importance to issues raised and suggestions made by investors. In 2016, with relevant disclosures of its individual business added to its financial reports, Ping An became the first financial institution in China to have a comprehensive disclosure of its value composition and value of individual customer business. In July 2017, Ping An organized the "Unveiling Ping An Group's Fintech Transformation" event and for the first time had a comprehensive disclosure of the Group's five major innovative technologies, namely face recognition, voiceprint recognition, prediction AI technologies, prescription AI technologies and PA blockchain technologies. These moves demonstrate Ping An's dedication to consistently enhance its corporate governance and IR practice standards in all aspects from content disclosure to communication channels.
Over a thousand companies from 18 industries were nominated for the awards in the "2017 All-Asia Executive Team" survey. Reflecting the opinions of more than 3,900 investment professionals at 980 financial institutions, the rankings are highly regarded and recognized in the investment community.
The businesses of Ping An have maintained steady development in recent years at growth rates, exceeding the market average. In 2016, the Group's net profit was RMB72,368 million, while its net profit attributable to shareholders of the parent company was RMB62,394 million. Facing the technology-driven transformation in the financial industry, Ping An took the lead by establishing its fintech-driven business model, promoting growth of its traditional finance and internet finance businesses in an synergistic manner. This led to a steady value growth of the individual business, which has become a strong driver of the Group's organic growth in value. As of the end of 2016, the numbers of Ping An's individual customers and contracts per customer reached 131 million and 2.21, respectively, with profit per customer rising to RMB312. During the year, Ping An's individual business recorded a profit of RMB40,829 million, accounting for 65.4% of the Group's net profit attributable to shareholders of the parent company.
Ping An said it was a privilege to be named for the fourth time the "Most Honored Company" in Asia in the rankings, which reflects the recognition by the capital markets of the Group's performance in terms of corporate governance, management leadership, information disclosure and investor relations activities. On the basis of strictly abiding by relevant laws and regulations, Ping An has been continuously improving its corporate governance and investor relations. It has been proactively communicating with various stakeholders to address their concerns and requirements through a wide range of channels, and it has been presenting its latest developments and results to the market. These measures have successfully enhanced awareness and understanding of Ping An. Looking ahead, the Company will maintain its high standard and transparent disclosure regime and investor relations, in order to create long-term value for its shareholders, customers, employees and society.
About Ping An
As China's first joint stock insurance company, Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is dedicated to becoming a world-leading personal financial services provider. Today, it is an integrated, compact, multi-functional financial services group with services that include insurance, banking, and investment. As of December 31, 2016, the Group had over 1.4 million employees and agents and 130 million individual customers. As of the end of 2016, the Group's consolidated total assets reached RMB5.58 trillion while equity attributable to shareholders of the parent company stood at RMB383,449 million. Ping An Life and Ping An Property & Casualty are both ranked the second largest in China, Ping An Annuity ranked top in China in their respective areas by premium income. Its subsidiary Ping An Bank is China's first joint stock bank. The Company's key areas of business include investment, with subsidiaries such as Ping An Trust, Ping An Securities and Ping An Asset Management. Further, Ping An strives to develop internet finance, including Lufax, Ping An Good Doctor, Ping An Haofang, E-Wallet, Finance One Account. It has achieved significant growth in both the scale and user base of internet finance. As of December 31, 2016, the number of internet users of the Company reached 346 million.
Ping An ranked 16th in Forbes' latest Global 2000, it ranked 39th in Fortune Magazine's Global 500 Leading Companies. Apart from these accolades, Ping An ranked 61st in WPP Kantar Millward Brown's BrandZTM Top 100 Most Valuable Global Brands ranking.
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SOURCE Ping An Insurance (Group) Company of China, Ltd.