HONG KONG and SHANGHAI, April 29, 2021 /PRNewswire/ — Ping An Insurance ( Group ) ship’s company of China, Ltd. ( hereafter “ Ping An ” or the “ Group ”, HKEx:2318 ; SSE:601318 ) announced that Ping An is the earth ‘s most valuable insurance stigmatize, with a brand prize of USD44.8 billion, in the Insurance 100 2021 ranking by leading sword valuation consultancy Brand Finance. Ping An has retained the peak touch as the earth ‘s most valuable indemnity brand for the fifth year in a row .
Brand Finance is the earth ‘s run freelancer sword evaluation consultancy. It evaluates thousands of the global ‘s biggest brands every class. The policy 100 2021 rank evaluates aspects of the brands ‘ industry operation, stigmatize equity, and contribution to commercial enterprise performance. Brand Finance feeds these factors into the Brand Strength Index ( BSI ) and quantifies the stigmatize values. This class, Brand Finance besides assessed the affect of the COVID-19 outbreak on enterprise value, estimating the likely affect on brand value for each sector .
Brand Finance said, “ As predicted, policy brands have taken a hit this year as they negotiate the side effect from the pandemic … They have, however, fared better than our initial predictions at the outbreak of end year, demonstrating the resilience of the earth ‘s top policy brands. Ping An has already begun to show signs of a strong recovery as parts of the global begin to remerge from the pandemic, and consequently, if this swerve continues, Ping An should see a solid increase in brand measure in the orgasm year. ”
Ping An continued to strengthen its technical capabilities and provide high choice products and services to clients amid the COVID-19 pandemic. In the first quarter of 2021, Ping An achieved steadily commercial enterprise results. The Group achieved operate on profit attributable to shareholders of the parent party of RMB39,120 million, up 8.9 % year-on-year. In addition, the Group promoted annuity products, improved its protection merchandise portfolio by developing fresh “ product + service ” packages for healthy business exploitation. New clientele value of the life sentence and health insurance occupation rose by 15.4 % year-on-year to RMB18,980 million. operate profit rose steadily by 4.2 % year-on-year to RMB25,580 million. Ping An ‘s retail customers besides continued to increase. By the end of March, Ping An ‘s retail customers grew 1.0 % in the year-to-date to more than 220 million, including 84.57 million, or 38.3 %, who hold multiple contracts with different Group subsidiaries.

Ping An said : “ While pursuing sweetheart progress by endlessly advancing our ‘finance + technology ‘ and the ‘finance + ecosystem ‘ strategies, Ping An adheres to the doctrine of ‘expertise makes life simple, technology makes fiscal services heartwarming, and healthcare makes biography better ‘. In the future, Ping An will seize the development opportunities of fintech and healthtech, support the development of fresh cities, fulfill social responsibilities and protect club and people ‘s livelihoods. ”
In summation to Ping An, taiwanese policy brands in general have a meaning presence in the Brand Finance Insurance 100 2021 ranking. A total of 12 chinese insurers are featured, with Ping An, China Life, AIA, CPIC and PICC in the clear 10. The accumulative brand value of the 12 chinese insurance brands accounts for 30 % of the full brand value of Insurance 100 2021.

About Ping An Group
Ping An Insurance ( Group ) company of China, Ltd. ( “ Ping An ” ) is a world-leading technology-powered retail fiscal services group. With over 220 million retail customers and 611 million internet users, Ping An is one of the largest fiscal services companies in the worldly concern. Ping An focuses on two over-arching domains of activeness, “ pan fiscal assets ” and “ pan health care ”, covering the provision of fiscal and health worry services through our desegregate fiscal services platform and our ecosystems ; in fiscal services, health wish, car services and bright city services. Our “ finance + engineering ” and “ finance + ecosystem ” transformation strategies aim to provide customers and internet users with innovative and simple products and services using engineering. As China ‘s first joint stock indemnity caller, Ping An is committed to upholding the highest standards of bodied coverage and bodied administration. The Group is listed on the stock exchanges in Hong Kong and Shanghai. In 2020, Ping An rank 7th in the Forbes Global 2000 list and ranked 21st in the Fortune Global 500 tilt. Ping An besides ranked 38th in the 2020 WPP Kantar Millward Brown BrandZTM Top 100 Most valuable Global Brands list.

For more information, please visit www.group.pingan.com and follow us on LinkedIn – ping AN .
beginning Ping An Insurance ( Group ) company of China, Ltd .
Ping An Ranked the World's Most Valuable Insurance Brand For Fifth Year in a Row

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