Ping An Insurance Group Co of China Ltd (601318) - Net Assets

Latest as of September 2025: CN¥1.37 Trillion CNY ≈ $200.98 Billion USD

Based on the latest financial reports, Ping An Insurance Group Co of China Ltd (601318) has net assets worth CN¥1.37 Trillion CNY (≈ $200.98 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥13.65 Trillion ≈ $2.00 Trillion USD) and total liabilities (CN¥12.28 Trillion ≈ $1.80 Trillion USD). 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 CN¥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 34.45

Ping An Insurance Group Co of China Ltd - Net Assets Trend (2003–2024)

This chart illustrates how Ping An Insurance Group Co of China Ltd'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 Group Co of China Ltd (2003–2024)

The table below shows the annual net assets of Ping An Insurance Group Co of China Ltd from 2003 to 2024.

Year Net Assets Change
2024-12-31 CN¥1.30 Trillion
≈ $190.92 Billion		 +6.16%
2023-12-31 CN¥1.23 Trillion
≈ $179.84 Billion		 +3.62%
2022-12-31 CN¥1.19 Trillion
≈ $173.55 Billion		 +10.05%
2021-12-31 CN¥1.08 Trillion
≈ $157.70 Billion		 +9.09%
2020-12-31 CN¥987.90 Billion
≈ $144.56 Billion		 +15.90%
2019-12-31 CN¥852.37 Billion
≈ $124.73 Billion		 +24.68%
2018-12-31 CN¥683.64 Billion
≈ $100.04 Billion		 +16.28%
2017-12-31 CN¥587.92 Billion
≈ $86.03 Billion		 +20.86%
2016-12-31 CN¥486.46 Billion
≈ $71.18 Billion		 +17.62%
2015-12-31 CN¥413.57 Billion
≈ $60.52 Billion		 +16.89%
2014-12-31 CN¥353.82 Billion
≈ $51.77 Billion		 +47.60%
2013-12-31 CN¥239.71 Billion
≈ $35.08 Billion		 +14.34%
2012-12-31 CN¥209.65 Billion
≈ $30.68 Billion		 +22.36%
2011-12-31 CN¥171.34 Billion
≈ $25.07 Billion		 +46.59%
2010-12-31 CN¥116.88 Billion
≈ $17.10 Billion		 +27.40%
2009-12-31 CN¥91.74 Billion
≈ $13.42 Billion		 +36.61%
2008-12-31 CN¥67.16 Billion
≈ $9.83 Billion		 -38.51%
2007-12-31 CN¥109.22 Billion
≈ $15.98 Billion		 +134.24%
2006-12-31 CN¥46.63 Billion
≈ $6.82 Billion		 +40.49%
2005-12-31 CN¥33.19 Billion
≈ $4.86 Billion		 +8.36%
2004-12-31 CN¥30.63 Billion
≈ $4.48 Billion		 +100.94%
2003-12-31 CN¥15.24 Billion
≈ $2.23 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Ping An Insurance Group Co of China Ltd'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 38641.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥693.47 Billion 74.68%
Common Stock CN¥18.21 Billion 1.96%
Other Components CN¥216.92 Billion 23.36%
Total Equity CN¥928.60 Billion 100.00%

Ping An Insurance Group Co of China Ltd Competitors by Market Cap

The table below lists competitors of Ping An Insurance Group Co of China Ltd ranked by their market capitalization.

Company Market Cap
KKR & Co LP
NYSE:KKR
 		$90.78 Billion
MercadoLibre Inc.
NASDAQ:MELI
 		$90.91 Billion
Blackstone Group Inc
NYSE:BX
 		$91.08 Billion
Canadian Natural Resources Ltd
TO:CNQ
 		$91.45 Billion
Compagnie Financière Richemont SA
JSE:CFR
 		$89.83 Billion
Intercontinental Exchange Inc
NYSE:ICE
 		$89.75 Billion
Vertiv Holdings Co
NYSE:VRT
 		$89.72 Billion
Grupo México S.A.B. de C.V
MX:GMEXICOB
 		$89.60 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ping An Insurance Group Co of China Ltd'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 56,907,000,000 reduced retained earnings.
  • Share repurchases of 3,540,000,000 reduced equity.
  • Other factors decreased equity by 36,571,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥126.61 Billion +13.63%
Dividends Paid CN¥56.91 Billion -6.13%
Share Repurchases CN¥3.54 Billion -0.38%
Other Changes CN¥-36.57 Billion -3.94%
Total Change CN¥- 3.29%

Book Value vs Market Value Analysis

This analysis compares Ping An Insurance Group Co of China Ltd'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: 1.13x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 47.86x to 1.13x 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 CN¥1.21 CN¥57.78 x
2004-12-31 CN¥2.45 CN¥57.78 x
2005-12-31 CN¥2.65 CN¥57.78 x
2006-12-31 CN¥3.67 CN¥57.78 x
2007-12-31 CN¥7.50 CN¥57.78 x
2008-12-31 CN¥4.32 CN¥57.78 x
2009-12-31 CN¥5.78 CN¥57.78 x
2010-12-31 CN¥7.44 CN¥57.78 x
2011-12-31 CN¥8.40 CN¥57.78 x
2012-12-31 CN¥10.07 CN¥57.78 x
2013-12-31 CN¥11.52 CN¥57.78 x
2014-12-31 CN¥17.25 CN¥57.78 x
2015-12-31 CN¥18.38 CN¥57.78 x
2016-12-31 CN¥21.45 CN¥57.78 x
2017-12-31 CN¥26.51 CN¥57.78 x
2018-12-31 CN¥31.14 CN¥57.78 x
2019-12-31 CN¥37.75 CN¥57.78 x
2020-12-31 CN¥42.85 CN¥57.78 x
2021-12-31 CN¥45.72 CN¥57.78 x
2022-12-31 CN¥49.08 CN¥57.78 x
2023-12-31 CN¥49.74 CN¥57.78 x
2024-12-31 CN¥51.27 CN¥57.78 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ping An Insurance Group Co of China Ltd 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: 13.14%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 13.95x
  • Recent ROE (13.63%) is below the historical average (14.26%), 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 CN¥617.80 Million
2004 8.64% 37.30% 0.03x 7.92x CN¥-409.70 Million
2005 10.22% 35.07% 0.03x 8.82x CN¥72.03 Million
2006 16.22% 6.80% 0.23x 10.24x CN¥2.82 Billion
2007 14.07% 9.10% 0.25x 6.07x CN¥4.36 Billion
2008 2.20% 1.30% 0.15x 10.92x CN¥-5.04 Billion
2009 16.34% 9.37% 0.16x 11.01x CN¥5.39 Billion
2010 15.45% 9.11% 0.16x 10.46x CN¥6.11 Billion
2011 14.88% 7.79% 0.11x 17.46x CN¥6.39 Billion
2012 12.56% 6.66% 0.11x 17.82x CN¥4.09 Billion
2013 15.41% 7.72% 0.11x 18.39x CN¥9.88 Billion
2014 13.56% 7.36% 0.13x 13.83x CN¥10.32 Billion
2015 16.22% 7.78% 0.15x 14.26x CN¥20.78 Billion
2016 16.27% 8.04% 0.14x 14.54x CN¥24.05 Billion
2017 18.82% 9.11% 0.15x 13.72x CN¥41.75 Billion
2018 19.30% 12.21% 0.12x 12.84x CN¥51.75 Billion
2019 22.19% 11.77% 0.15x 12.22x CN¥82.09 Billion
2020 18.77% 10.84% 0.14x 12.49x CN¥66.84 Billion
2021 12.51% 7.98% 0.13x 12.48x CN¥20.38 Billion
2022 12.77% 12.55% 0.08x 12.67x CN¥24.09 Billion
2023 9.53% 9.45% 0.08x 12.88x CN¥-4.24 Billion
2024 13.63% 13.14% 0.07x 13.95x CN¥33.75 Billion

Industry Comparison

This section compares Ping An Insurance Group Co of China Ltd's net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

  • Industry: Insurance - Life
  • Average net assets among peers: $105,212,397,185
  • Average return on equity (ROE) among peers: 15.30%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ping An Insurance Group Co of China Ltd (601318) CN¥1.37 Trillion 14.15% 8.94x $90.13 Billion
Hubei Biocause Pharmaceutical (000627) $1.60 Billion 1.77% 0.23x $1.13 Billion
COFCO Capital Holdings Co Ltd (002423) $2.04 Billion -2.29% 0.74x $3.41 Billion
New China Life Insurance Co Ltd (601336) $1.39 Billion 46.76% 117.85x $19.05 Billion
China Pacific Insurance Group Co Ltd (601601) $183.32 Billion 15.13% 7.34x $36.68 Billion
China Life Insurance Co Ltd A (601628) $337.72 Billion 15.16% 15.74x $112.07 Billion

About Ping An Insurance Group Co of China Ltd

SHG:601318 China Insurance - Life
Market Cap
$90.13 Billion
CN¥615.94 Billion CNY
Market Cap Rank
#283 Global
#14 in China
Share Price
CN¥57.78
Change (1 day)
-0.17%
52-Week Range
CN¥50.71 - CN¥74.32
All Time High
CN¥82.76
Categories
Companies in China Insurance - Life
About

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