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Ping An Health sustains profit as growth slows in China
The company’s capital and surplus rose to $1.4b last year.
Ping An Health Insurance Company of China is expected to sustain strong profitability despite slower top-line growth, driven by disciplined underwriting, improved efficiency, and steady investment income, AM Best said.
The company’s capital and surplus rose to $1.4b (RMB10.3b) in 2024, and its risk-adjusted capitalisation is expected to remain at the strongest level in the near term.
Ping An Health, China’s second-largest specialised health insurer with a 2.5% market share, is diversifying beyond its flagship E Sheng Bao plan to target juveniles and customers with sub-standard health conditions.
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