The insurance industry in China has grown enormously in recent years. Between 1999 and 2000 premium insurance revenues grew by 14.5% to 159.59 billion RMB. According to the Forbes rankings of the top forty largest companies in China the top ten contains two insurance firms, China Life Insurance and Ping An Insurance. In this section you can find detailed company profiles for the biggest players in the Chinese insurance industry including company histories, revenues, profits, market values and future goals and ambitions.
China Life Insurance is ranked by Forbes as the sixth largest company in China. The Forbes rankings take into account sales, profits, assets and estimated market value with equal weighting. At the end of the last fiscal year (2006-2007) China Life Insurance had sales of US$ 11.2 billion, profits of US$ 1.2 billion, assets valued at US$ 69.3 billion and an estimated market value of US$ 38.6 billion. Read more...
Ping An Insurance is ranked by Forbes as the tenth largest company in China. The Forbes rankings take into account sales, profits, assets and estimated market value with equal weighting. At the end of the last fiscal year (2006-2007) Ping An Insurance has sales of US$ 8.0 billion, profits of US$ 524 million, assets valued at US$ 39.6 billion and an estimated market value of US$ 16.9 billion. Read more...
