2024-03-12 01:10:41 ET
Summary
- The Chinese insurer has dropped in value and rankings.
- The focus is on efficiency and unlocking the worth of its customer base.
- Ping An Insurance's growth has moderated, but the dividend is attractive.
Ping An Insurance (Group) Company of China (PIAIF) (PNGAY) has lost a ton of value since I first wrote about it in 2020 : no longer the second-largest life insurer in the world, it moved down from number 7 in Forbes 2000 to 16. In the domestic market, it has fallen behind both AIA and China Life....
Read the full article on Seeking Alpha
For further details see:
Ping An Insurance Is Turning Inward