Ping An Insurance (Group) Co. of China Ltd. engages in the provision of financial products and services. The company primarily engages in the business of insurance, banking and investment. Its activities also include investment in financial and insurance enterprises and investment deployment. The company operates through the following segments: Life Insurance, Property & Casualty, Banking, Securities and Corporate. The Life Insurance segment offers life insurance products such as term, whole-life, endowment, annuity, investment-linked, universal life, and healthcare insurance.

Ping An Insurance Group

Conglomerate

China

The Conglomerates sector refers to the area of the market occupied by large corporations comprised of diverse and unrelated business units. The rise of the conglomerate model began as ambitious businesses keen to expand were unable to grow in their own sector. Firms began acquiring businesses in unfamiliar sectors and diversifying themselves. Conglomerates may be regarded as dinosaurs in the developed world, but in emerging markets, diversified business groups continue to thrive, namely south east Asia. Investors in the west believe that diversification destroys value. However that is changing. Tech companies, with their abundant cash flows, are becoming a new version of the conglomerate, investing in research & development sometimes far afield of their core competencies. Diversified enterprises, by one name or another, will play a big role in the business world for a long time.

Irvine

United States of America

California

Shenzhen

Guangdong Province

10,001+ Employees

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