Ping An Insurance Group Co of China (SHA: 601318, HKG: 2318) is the nation's second biggest insurer by premium income. The Shenzhen Guangdong province-based company posted ¥189.44 billion in revenues and ¥17.31 billion in net profits for 2010, up from ¥147.84 billion and ¥13.88 billion respectively from the year before. In 2010, Ping An's premium income from life insurance exceeded ¥150 billion and premium income from property insurance exceeded ¥60 billion. It had 128,808 employees and over 60 million customers as of December 31, 2010. Ping An Insurance was founded in 1998 and listed in Shanghai and Hong Kong in 2007.