AXA Tian Ping Property & Casualty Company Limited
AXA Tian Ping Property & Casualty Company Limited | |
|---|---|
| Corporate identity | |
| Type | Limited liability company (有限公司) |
| Regulated | Yes |
| License type | P&C (Non-Life), Health (short-term) |
| License number | E10121VSH |
| Incorporation | 2004 |
| Headquarters | Unit 1002, 10th Floor & 11th Floor, Ruiming Building, No. 117, Lane 1, Yincheng Road, China (Shanghai) Pilot Free Trade Zone |
| Country | China |
| Regulator | National Financial Regulatory Administration (PRC) |
| Ultimate parent | AXA Versicherungen AG |
| Group status | Subsidiary |
| Business & markets | |
| Operating status | Active |
| Lines of business | Motor (including compulsory TPL), property, engineering, marine/cargo, agriculture, liability, credit guarantee, short-term health and accident |
| Geographic markets | Multi-province presence across mainland China |
| Key financials (2024) | |
| Currency | RMB |
| Revenue | RMB 6,740,614,452.28 |
| Net income | RMB −66,236,205.82 |
| Gross written premium | RMB 6,144,395,611.41 |
| Total assets | RMB 12,079,675,478.00 |
| Equity | RMB 2,716,925,919.21 |
| Solvency ratio | 239.66% (comprehensive); 207.49% (core) |
🛡️ AXA Tian Ping Property & Casualty Company Limited (安盛天平财产保险有限公司) is a Chinese limited liability company operating as AXA's wholly owned property and casualty platform in mainland China, with its registered address in Shanghai's Free Trade Zone and a disclosed business commencement date of 31 December 2004.[1] The company holds PRC insurance business license number E10121VSH and underwrites a broad range of non-life lines led by motor insurance, alongside property, liability, credit guarantee, and short-term health and accident coverage.[2] It is wholly owned by AXA Versicherungen AG, which is itself stated to be 100% held by AXA SA, positioning the company as a subsidiary within the AXA Group.[3] For the full year 2024, the company reported insurance business income of approximately RMB 6.74 billion, total assets of RMB 12.08 billion, and a net loss of RMB 66.24 million, with a comprehensive solvency adequacy ratio of 239.66% and disclosed actual capital of RMB 2.66 billion.[1] Formerly known as Tian Ping Auto Insurance Company Limited, the entity was acquired by AXA in two stages — 50% in 2014 and the remaining 50% in 2018 — resulting in full ownership.[4]
References
- ↑ 1.0 1.1 "Summary of AXA Tianping's Fourth Quarter 2024 Solvency Reports" (PDF). AXA Tianping. January 2025.
- ↑ "AXA Tianping — Company Basic Information". AXA Tianping. Retrieved 13 March 2026.
- ↑ "Summary of AXA Tianping 1Q 2025 Solvency Report" (PDF). AXA Tianping. April 2025.
- ↑ "Tian Ping Direct Capabilities — AXA Press Release". AXA. Retrieved 13 March 2026.