Market Cap: $70.4 Billion
Ping An Insurance reported a 25 percent increase in full-year profits at the end of March. Over the last year, the shares have gained 25 percent.
Founded in 1988 by current Chairman Peter Ma, Ping An began as a pure property casualty insurer and grew rapidly to become the second-largest insurer in the country, after state-owned China Life. In recent years, however, it’s been restructuring with the aim of becoming a financial conglomerate. In 2010, it bought a stake in Shenzhen Development Bank for $4.3 billion, gaining majority control of the lender.