Investors Sour on Chinese Insurance Giant’s Shares

Lackluster insurance sales and some poorly performing investments have put a damper on Ping An Insurance (Group) Co. ’s share price.

The Chinese retail financial-services giant, with a market capitalization of about $157 billion, is the world’s second-most valuable insurer after Warren Buffett’s Berkshire Hathaway Inc. The Shenzhen-based group also operates a bank and has units that provide asset management, consumer loans, healthcare and technology services.

Ping An’s Hong Kong-listed shares, which are part of the MSCI China index, have been on a downward slide lately, losing 29% in the year-to-date period and significantly underperforming broad market benchmarks.

The American

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