Ping An ranks fifth amongst Chinese firms on list

Ping An reported $158b in revenue.

Ping An Insurance has climbed two spots to 27th on Forbes' 2025 Global 2000 list, based on a composite score of revenue, profit, assets, and market value. 

The company also moved up to fifth place amongst Chinese firms and remains the highest-ranked insurance group in China.

In the latest rankings, Ping An reported $158b in revenue, $17.6b in profit, and total assets of $1.8t. 

The list, released on 12 June, also showed that China contributed 317 firms to the global top 2,000, trailing the US with 612.

Ping An attributed its performance to its "integrated finance + health and senior care" dual-driver strategy. 

The group served 242 million retail customers at the end of 2024, with 25.6% holding four or more contracts. 

Customer retention stood at 98%. Nearly 63% of retail customers had access to benefits within the firm’s health and senior care ecosystem.

The group increased automation in 2024, handling 1.84 billion service cases via AI—representing 80% of its total service volume. 

In life insurance, 93% of policies were processed within seconds using smart underwriting and claims tools. 

Ping An Property & Casualty reported $1.66b (RMB11.94b) in claims savings through AI-driven fraud detection, a 10.4% year-on-year increase.