Ping An Insurance Company of China
Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for life insurance, property and casualty insurance, trust, securities, banking, and other businesses in the People's Republic of China. It operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Finance Enablement segments. The company offers life insuranc… Read more
Ping An Insurance Company of China (PNGAY) - Net Assets
Latest net assets as of September 2025: $1.37 Trillion USD
Based on the latest financial reports, Ping An Insurance Company of China (PNGAY) has net assets worth $1.37 Trillion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.65 Trillion) and total liabilities ($12.28 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.37 Trillion |
| % of Total Assets | 10.06% |
| Annual Growth Rate | 23.6% |
| 5-Year Change | 32.07% |
| 10-Year Change | 215.47% |
| Growth Volatility | 42.46 |
Ping An Insurance Company of China - Net Assets Trend (2003–2024)
This chart illustrates how Ping An Insurance Company of China's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ping An Insurance Company of China (2003–2024)
The table below shows the annual net assets of Ping An Insurance Company of China from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.30 Trillion | +6.16% |
| 2023-12-31 | $1.23 Trillion | +4.57% |
| 2022-12-31 | $1.18 Trillion | +9.05% |
| 2021-12-31 | $1.08 Trillion | +9.09% |
| 2020-12-31 | $987.90 Billion | +15.90% |
| 2019-12-31 | $852.37 Billion | +24.68% |
| 2018-12-31 | $683.64 Billion | +16.28% |
| 2017-12-31 | $587.92 Billion | +20.86% |
| 2016-12-31 | $486.46 Billion | +17.62% |
| 2015-12-31 | $413.57 Billion | +16.89% |
| 2014-12-31 | $353.82 Billion | +47.60% |
| 2013-12-31 | $239.71 Billion | +14.34% |
| 2012-12-31 | $209.65 Billion | +22.36% |
| 2011-12-31 | $171.34 Billion | +46.59% |
| 2010-12-31 | $116.88 Billion | +27.40% |
| 2009-12-31 | $91.74 Billion | +12.61% |
| 2008-12-31 | $81.47 Billion | -25.41% |
| 2007-12-31 | $109.22 Billion | +188.03% |
| 2006-12-31 | $37.92 Billion | +14.25% |
| 2005-12-31 | $33.19 Billion | +8.36% |
| 2004-12-31 | $30.63 Billion | +100.94% |
| 2003-12-31 | $15.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ping An Insurance Company of China's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 47401.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $850.27 Billion | 91.57% |
| Common Stock | $18.21 Billion | 1.96% |
| Other Comprehensive Income | $-64.49 Billion | -6.94% |
| Other Components | $124.61 Billion | 13.42% |
| Total Equity | $928.60 Billion | 100.00% |
Ping An Insurance Company of China Competitors by Market Cap
The table below lists competitors of Ping An Insurance Company of China ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intuitive Surgical Inc
NASDAQ:ISRG
|
$170.64 Billion |
|
The TJX Companies Inc
NYSE:TJX
|
$171.90 Billion |
|
HSBC Holdings PLC
PINK:HBCYF
|
$173.52 Billion |
|
Walt Disney Company
NYSE:DIS
|
$174.52 Billion |
|
Amphenol Corporation
NYSE:APH
|
$167.08 Billion |
|
Verizon Communications Inc
NYSE:VZ
|
$164.48 Billion |
|
The Boeing Company
NYSE:BA
|
$160.85 Billion |
|
Mitsubishi UFJ Financial Group Inc
PINK:MBFJF
|
$159.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ping An Insurance Company of China's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 899,011,000,000 to 928,600,000,000, a change of 29,589,000,000 (3.3%).
- Net income of 126,607,000,000 contributed positively to equity growth.
- Dividend payments of 61,423,000,000 reduced retained earnings.
- Share repurchases of 3,540,000,000 reduced equity.
- Other comprehensive income decreased equity by 61,986,000,000.
- Other factors increased equity by 29,931,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $126.61 Billion | +13.63% |
| Dividends Paid | $61.42 Billion | -6.61% |
| Share Repurchases | $3.54 Billion | -0.38% |
| Other Comprehensive Income | $-61.99 Billion | -6.68% |
| Other Changes | $29.93 Billion | +3.22% |
| Total Change | $- | 3.29% |
Book Value vs Market Value Analysis
This analysis compares Ping An Insurance Company of China's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.60x to 0.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $2.41 | $11.11 | x |
| 2004-12-31 | $4.90 | $11.11 | x |
| 2005-12-31 | $5.30 | $11.11 | x |
| 2006-12-31 | $5.94 | $11.11 | x |
| 2007-12-31 | $15.00 | $11.11 | x |
| 2008-12-31 | $10.55 | $11.11 | x |
| 2009-12-31 | $11.57 | $11.11 | x |
| 2010-12-31 | $14.88 | $11.11 | x |
| 2011-12-31 | $16.80 | $11.11 | x |
| 2012-12-31 | $20.14 | $11.11 | x |
| 2013-12-31 | $23.04 | $11.11 | x |
| 2014-12-31 | $34.50 | $11.11 | x |
| 2015-12-31 | $36.75 | $11.11 | x |
| 2016-12-31 | $42.90 | $11.11 | x |
| 2017-12-31 | $53.03 | $11.11 | x |
| 2018-12-31 | $62.28 | $11.11 | x |
| 2019-12-31 | $75.50 | $11.11 | x |
| 2020-12-31 | $85.70 | $11.11 | x |
| 2021-12-31 | $91.43 | $11.11 | x |
| 2022-12-31 | $96.97 | $11.11 | x |
| 2023-12-31 | $99.48 | $11.11 | x |
| 2024-12-31 | $205.07 | $11.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ping An Insurance Company of China utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.81%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 13.95x
- Recent ROE (13.63%) is below the historical average (14.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 14.15% | 33.00% | 0.03x | 12.27x | $617.80 Million |
| 2004 | 8.64% | 37.30% | 0.03x | 7.92x | $-409.70 Million |
| 2005 | 10.22% | 35.07% | 0.03x | 8.82x | $72.03 Million |
| 2006 | 20.02% | 6.80% | 0.24x | 12.05x | $3.68 Billion |
| 2007 | 14.07% | 9.10% | 0.25x | 6.07x | $4.36 Billion |
| 2008 | 1.80% | 1.30% | 0.15x | 8.99x | $-6.46 Billion |
| 2009 | 16.34% | 9.37% | 0.16x | 11.01x | $5.39 Billion |
| 2010 | 15.45% | 9.11% | 0.16x | 10.46x | $6.11 Billion |
| 2011 | 14.88% | 7.79% | 0.11x | 17.46x | $6.39 Billion |
| 2012 | 12.56% | 6.66% | 0.11x | 17.82x | $4.09 Billion |
| 2013 | 15.41% | 7.72% | 0.11x | 18.39x | $9.88 Billion |
| 2014 | 13.56% | 8.43% | 0.12x | 13.83x | $10.32 Billion |
| 2015 | 16.22% | 8.69% | 0.13x | 14.26x | $20.78 Billion |
| 2016 | 16.27% | 8.70% | 0.13x | 14.54x | $24.05 Billion |
| 2017 | 18.82% | 11.11% | 0.12x | 13.72x | $41.75 Billion |
| 2018 | 19.30% | 12.21% | 0.12x | 12.84x | $51.75 Billion |
| 2019 | 22.19% | 14.15% | 0.13x | 12.22x | $82.09 Billion |
| 2020 | 18.77% | 13.07% | 0.11x | 12.49x | $66.84 Billion |
| 2021 | 12.51% | 9.61% | 0.10x | 12.48x | $20.38 Billion |
| 2022 | 12.93% | 14.53% | 0.07x | 12.97x | $25.14 Billion |
| 2023 | 9.53% | 10.68% | 0.07x | 12.88x | $-4.24 Billion |
| 2024 | 13.63% | 13.81% | 0.07x | 13.95x | $33.75 Billion |
Industry Comparison
This section compares Ping An Insurance Company of China's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $38,213,058,191
- Average return on equity (ROE) among peers: 29.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ping An Insurance Company of China (PNGAY) | $1.37 Trillion | 14.15% | 8.94x | $168.25 Billion |
| AIA Group Ltd (AAIGF) | $145.77 Billion | 1.94% | 0.01x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $78.54 Million | -15.55% | 4.39x | $10.88 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $28.15 Million | 112.55% | 1.10x | $92.22K |
| Aflac Incorporated (AFL) | $6.64 Billion | 18.89% | 10.95x | $56.14 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.29 Billion | 28.05% | 20.11x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $5.02 Billion | 7.72% | 46.48x | $3.38 Billion |
| Challenger Limited (CFIGF) | $1.80 Billion | 14.53% | 8.91x | $1.66 Billion |
| Citizens Inc (CIA) | $259.84 Million | -0.53% | 5.72x | $217.90 Million |
| China Life Insurance Co Ltd (CILJF) | $221.24 Billion | -2.13% | 0.03x | $16.34 Billion |