Ping An Ranks 40th in BrandZ™ Global Brands; Tops Global Insurance Brand List for 4ᵗʰ Consecutive Year

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Ping An Insurance (Group) Company of China, Ltd.

Jun 11, 2019, 12:44 ET

HONG KONG, June 11, 2019 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group"; HKEx: 2318; SSE: 601318) has ranked 40th in the latest BrandZ™ Top 100 Most Valuable Brands 2018 published by WPP, the world's largest communications services group, and Kantar Millward Brown, a research firm. Ping An has moved up three places since last year. The Company tops the global insurance brands for the fourth consecutive year and is among the top three global financial brands, with a brand value of US$29.47 billion, representing a growth of 13%. Ping An ranks sixth among all Chinese brands in BrandZ™ Top 100 list.

This year, 15 Chinese enterprises have been included as BrandZ™ Top 100 Most Valuable Brands. These include Alibaba (ranked 7^th), Tencent (ranked 8^th), China Mobile (ranked 27^th), ICBC (ranked 29^th), Moutai (ranked 35^th), Ping An (ranked 40^th), Huawei (ranked 47^th), China Construction Bank (ranked 59^th), Baidu (ranked 63^rd), JD.com (ranked 66^th), Didi (ranked 71^st), Xiaomi (ranked 74^th), Meituan (ranked 78^th), China Agricultural Bank (ranked 82^nd) and Haier (ranked 89^th).

The list also reflects that Ping An's ratings in terms of brand objectives, innovation, communication, brand experience and brand preference have outperformed the average scores of its peers in the insurance sector. Technological advancement is of the utmost importance to Ping An, with the Company employing 99,000 IT and 29,000 R&D specialists to focus on enhancing business experiences, and develop innovative products and services. Ping An's proprietary technology includes start-ups such as Ping An Good Doctor, OneConnect and Lufax, which have all achieved significant and rapid growth through providing a full range of products and services to customers.

"We find that Asian consumers are more open to technology-driven initiatives. As such, more Asian brands are integrating their products and services into consumers' daily life through ecosystem models," said Dorren Wang, Global Head of BrandZ™.

Ping An emphasized that the Company will continue to deepen its "Finance+Technology" and "Finance+Ecosystem" strategies by combining its advantages in technology, talent, capital, scenarios and data. It strives to enhance its intelligent operations as well as its products and service experiences to drive long-term and persistent business growth, and to maximize the value for its customers and shareholders.

BrandZ™ Top 100 Most Valuable Global Brands is one of the world's most prestigious and large-scale brand valuation reports. The report shows that big data technology enables insurance companies to collect and analyze customer data to customize products and services relevant to customers' specific needs in different aspects. The brand valuation ranking adopts a unique research method in the industry to combine interview results of more than three million consumers worldwide with the analysis of financial and operating performance of various companies (according to the Kantar Consumer Index and Bloomberg's financial data) as well as the brand contribution index acquired through consumer research.

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About Ping An

Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is a world-leading technology-powered personal financial services group. With 184 million retail customers and 538 million Internet users, Ping An is one of the largest financial services companies in the world.

Ping An has two over-arching strategies 'pan financial assets' and 'pan healthcare', which focus on the provision of financial and healthcare services through our integrated financial services platform and our five ecosystems in financial services, healthcare, auto services, real estate services and Smart City services. Our 'finance + technology' and 'finance + ecosystems' strategies aim to provide customers and internet users with innovative and simple products and services. As China's first joint stock insurance company, Ping An Group is committed to upholding the highest standards of corporate reporting and corporate governance. The company is listed on the stock exchanges in Hong Kong and Shanghai.

Ping An ranked 7^th in Forbes' 2019 Global 2000, and it ranked 29^th in Fortune Magazine's 2018 Global 500 Leading Companies. Ping An also ranked 43^rd in 2018 WPP Millward Brown's BrandZ™ Top 100 Most Valuable Global Brands. For more information, please visit www.pingan.cn

For enquiries, please contact:

Gareth Hewett @ +852 68822027 or [email protected]

SOURCE Ping An Insurance (Group) Company of China, Ltd.