Ping An Insurance
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 (PIAIF) - Total Assets
Latest total assets as of September 2025: $13.65 Trillion USD
Based on the latest financial reports, Ping An Insurance (PIAIF) holds total assets worth $13.65 Trillion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Ping An Insurance - Total Assets Trend (2003–2024)
This chart illustrates how Ping An Insurance’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ping An Insurance - Asset Composition Analysis
Current Asset Composition (December 2024)
Ping An Insurance's total assets of $13.65 Trillion consist of 1.9% current assets and 98.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.3% |
| Accounts Receivable | $246.18 Billion | 1.9% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $31.39 Billion | 0.2% |
| Goodwill | $43.54 Billion | 0.3% |
Asset Composition Trend (2003–2024)
This chart illustrates how Ping An Insurance's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Ping An Insurance's current assets represent 1.9% of total assets in 2024, a decrease from 47.0% in 2003.
- Cash Position: Cash and equivalents constituted 7.3% of total assets in 2024, down from 47.0% in 2003.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2003.
- Asset Diversification: The largest asset category is accounts receivable at 1.9% of total assets.
Ping An Insurance Competitors by Total Assets
Key competitors of Ping An Insurance based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hubei Biocause Pharmaceutical
SHE:000627
|
China | CN¥285.15 Billion |
|
COFCO Capital Holdings Co Ltd
SHE:002423
|
China | CN¥174.30 Billion |
|
Samsung Life
KO:032830
|
Korea | ₩350.69 Trillion |
|
Mirae Asset Life Insurance Co Ltd
KO:085620
|
Korea | ₩33.22 Trillion |
|
Hanwha Life
KO:088350
|
Korea | ₩168.94 Trillion |
|
Manulife Holdings Bhd
KLSE:1058
|
Malaysia | RM8.08 Billion |
|
Mercuries Life Insurance Co Ltd
TW:2867
|
Taiwan | NT$1.60 Trillion |
|
Fubon Financial Holding Co Ltd
TW:2881
|
Taiwan | NT$12.40 Trillion |
Ping An Insurance - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Ping An Insurance generates 0.07x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Ping An Insurance generates $ 0.98 in net profit.
Ping An Insurance - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 8.28 | 6.35 | 2.98 |
| Quick Ratio | 8.28 | 6.35 | 2.98 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $749.40 Billion | $ 675.05 Billion | $ 366.43 Billion |
Ping An Insurance - Advanced Valuation Insights
This section examines the relationship between Ping An Insurance's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.18 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 11.9% |
| Total Assets | $12.96 Trillion |
| Market Capitalization | $90.86 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Ping An Insurance's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Ping An Insurance's assets grew by 11.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Ping An Insurance (2003–2024)
The table below shows the annual total assets of Ping An Insurance from 2003 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $12.96 Trillion | +11.87% |
| 2023-12-31 | $11.58 Trillion | +4.01% |
| 2022-12-31 | $11.14 Trillion | +9.81% |
| 2021-12-31 | $10.14 Trillion | +6.45% |
| 2020-12-31 | $9.53 Trillion | +15.87% |
| 2019-12-31 | $8.22 Trillion | +15.12% |
| 2018-12-31 | $7.14 Trillion | +10.01% |
| 2017-12-31 | $6.49 Trillion | +16.43% |
| 2016-12-31 | $5.58 Trillion | +17.03% |
| 2015-12-31 | $4.77 Trillion | +18.95% |
| 2014-12-31 | $4.01 Trillion | +19.21% |
| 2013-12-31 | $3.36 Trillion | +18.14% |
| 2012-12-31 | $2.84 Trillion | +24.45% |
| 2011-12-31 | $2.29 Trillion | +95.06% |
| 2010-12-31 | $1.17 Trillion | +25.21% |
| 2009-12-31 | $935.71 Billion | +32.23% |
| 2008-12-31 | $707.64 Billion | +8.68% |
| 2007-12-31 | $651.10 Billion | +47.38% |
| 2006-12-31 | $441.79 Billion | +53.34% |
| 2005-12-31 | $288.10 Billion | +20.56% |
| 2004-12-31 | $238.97 Billion | +30.83% |
| 2003-12-31 | $182.66 Billion | -- |