Ping An Annuity

Introduction to Ping An Annuity Co., Ltd

As a wholly owned subsidiary of Ping An Group, Ping An Annuity Company Limited (“Ping An Annuity”) was founded on Dec 1, 2004 in Shanghai with CNY500m registered capital. After years of development, Ping An Annuity has accumulated rich experience in pension business and has become industry-leading in business size, well known for its innovation, ambition and specialty. China is making great efforts in building a harmonious society and in improving social insurance system so that everyone can enjoy sound pension and medical welfare. As a company with strong sense of social responsibilities, Ping An Annuity has been totally contributing to the social insurance system building.

Ping An Annuity intends to help people live a good life after retirement. With corporate pension as our main business, Ping An Annuity is also engaged in commercial supplementary pension and short-term group insurance. On Aug 2005, Ping An Annuity beat many other financial institutions and was the first in the industry to be granted the qualification for corporate pension fiduciary manager and investment manager by Labor and Social Insurance Ministry. On Nov 2007, Ping An Annuity obtained the license for corporate pension administrator and was among the first to get the three qualifications in domestic market. With these licenses, Ping An Annuity is able to provide customers with one-stop service with high efficiency and low cost, which is commonly recognized by the market, including regulatory bodies and experts.

On Dec 15, 2006, Ping An Annuity was reformed under the approval of CIRC. The company has set up 35 branches and 127 sub-branches around the nation and has become the exclusive insurer engaged in pension business in domestic market. Ping An Annuity’s nationwide service network can provide customers with face-to-face and localized service.

Relying on the Group’s integrated financial strength and with the experience in supplementary pension, Ping An Annuity consolidated its platform and built an independent entrusted management system, which was pioneer in the industry. With this system, we can realize pre-/in-/post-event monitor, management and evaluation throughout the whole pension investment process, ensuring an accurate, safe and transparent pension fund operation, protecting the pension assets and the interests of the pensioners. In pension administration, Ping An Annuity can define the rules with huge flexibility based on its rich experience of pension operation and the account administration system with I-LOG engine. In this way, we can provide tailored pension administration service to meet customers’ diversified requirements. In investment, following the concept of “long-term, stable, value” and with the Group’s support in investment and risk management, Ping An Annuity can provide diversified investment portfolios and can well balance risk and return.

During the three years of development, Ping An Annuity has provided supplementary pension administration service to more than 70k companies and 4.94m employees. Its clients come from various industries, including energy, chemical industry, telecommunication, tobacco, electric power, IT, financial and auto manufacture, which reflects the company’s outstanding management abilities and expertise.

With the backup of Ping An Group, Ping An Annuity will continue to develop the corporate pension business with professional concepts and talents, following the principles of “specialty, prudence and innovation”. We will bear in mind the asset-liability matching concept and be professional and stable in pension fund management. Our goal is to become industry-leading and market-leading, providing outstanding financial service to corporations and contributing to the development of the insurance industry and the society.