China Pacific Life Insurance Valuation, Funding & Investors

China Pacific Life Insurance is valued at $1.6B as of December 2005.

Last China Pacific Life Insurance valuation

$1.6B

Undisclosed stage · Dec 2005

Last China Pacific Life Insurance funding round

$817M

Undisclosed stage · Dec 2005

Cumulative funding China Pacific Life Insurance raised

$817M

across 1 funding round

Key investors in China Pacific Life Insurance

China Pacific Life Insurance Overview

About China Pacific Life Insurance

China Pacific Life Insurance, known as CPIC Life, is the life insurance subsidiary of China Pacific Insurance (Group), an insurance and investment holding company founded in April 1991 and headquartered in Shanghai. CPIC Life sells individual and group life, health and accident insurance and annuity products through agent, bancassurance and direct channels in mainland China. In 2005 it sold a stake to outside investors as part of the group's preparations for a later listing. Prudential Financial joined Carlyle as a strategic investor in the same transaction. The parent group is one of the largest Chinese insurers by premiums and is headquartered in Shanghai. CPIC Life's products are sold through its own agency force, banks and telephone and online channels. The 2005 stake sale brought in two foreign investors with insurance and asset management experience. The company continues to operate as a subsidiary of China Pacific Insurance.


Founded

1991

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Insurance Carriers

Valuation

$1.6B (Dec 2005)

China Pacific Life Insurance Valuation

China Pacific Life Insurance is currently valued at $1.6B, based on its undisclosed-stage round in December 2005. Read the announcement ↗

The $817M round included Carlyle Group.

China Pacific Life Insurance valuation by funding round

China Pacific Life Insurance valuation by funding round
DateStageValuation
Dec 2005Undisclosed stage$1.6B

China Pacific Life Insurance Funding History

China Pacific Life Insurance has raised a total of $817M across 1 funding round.

China Pacific Life Insurance funding rounds

China Pacific Life Insurance funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2005Undisclosed stageCarlyle Group$817M$1.6BCarlyle signed a definitive agreement in Shanghai on 18 December 2005 to acquire a 24.975 percent interest in China Pacific Life Insurance from China Pacific Insurance (Group) for RMB 3.3 billion, equivalent to 410 million US dollars. Prudential Financial took a strategic stake in the same transaction. The release described the Carlyle partnership as one that would give CPIC Life strategic, operational and industry expertise to strengthen its performance and competitive position, and called the deal the most important development in China Pacific Life's history. CPIC Group is an insurance and investment holding company founded in April 1991 and headquartered in Shanghai. In 2007 Carlyle and the group reshaped the arrangement into a stake in the listed parent, which Carlyle sold down from late 2010.

Who has invested in China Pacific Life Insurance?

1 investor has backed China Pacific Life Insurance across its funding rounds, including Carlyle Group.


China Pacific Life Insurance Investors

Investors in China Pacific Life Insurance by funding rounds participated
InvestorHQRoundsRoleFirst check

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China Pacific Life Insurance Competitors

China Pacific Life Insurance competitors include listed companies like MAPFRE Perú, Nuernberger Beteiligungs and Saga, and private ones like Ominimo, Nassau Financial Group and SBI General Insurance.

Public and private companies comparable to China Pacific Life Insurance
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MAPFRE PerúPeruPeruPublicly listed--$1.6B-
OminimoHungaryHungaryPrivate$350M-$1.6B4.6x
Nassau Financial GroupUnited StatesHartford, CTPrivate--$1.7B-
SBI General InsuranceIndiaMumbaiPrivate--$1.7B-
Nuernberger BeteiligungsGermanyGermanyPublicly listed$5.5B$256M$1.6B-
SagaUnited KingdomUnited KingdomPublicly listed$883M$133M$1.7B2.2x

China Pacific Life Insurance Public Comps

China Pacific Life Insurance is still privately-owned, but its public comps include MAPFRE Perú, Nuernberger Beteiligungs, Saga, Vivir Seguros, Eurohold Bulgaria, Zavarovalnica Triglav, Safety Insurance Group, Hagerty, Ayalon Insurance and Croatia Osiguranje.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
MAPFRE Perú------
Nuernberger Beteiligungs$5.5B$256M0.3x-6.2x-
Saga$883M$133M2.4x2.2x15.9x10.1x
Vivir Seguros$140M$3M11.6x-463.1x-
Eurohold Bulgaria$1.8B$213M1.7x-14.9x-
Zavarovalnica Triglav$1.9B$237M1.0x0.9x7.8x-
Safety Insurance Group$1.3B$135M1.2x1.2x11.2x-
Hagerty$1.5B$185M1.5x1.6x11.8x8.2x

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Common questions about China Pacific Life Insurance

When was China Pacific Life Insurance founded?China Pacific Life Insurance was founded in 1991.
Where is China Pacific Life Insurance headquartered?China Pacific Life Insurance is headquartered in Shanghai, China.
Is China Pacific Life Insurance publicly listed?No, China Pacific Life Insurance is a private, VC-backed company.
What is China Pacific Life Insurance's valuation?China Pacific Life Insurance was last valued at $1.6B in its undisclosed-stage round in December 2005.
How much funding has China Pacific Life Insurance raised?China Pacific Life Insurance has raised $817M across 1 funding round.
What was China Pacific Life Insurance's last funding round?China Pacific Life Insurance's last funding round was a $817M undisclosed-stage round in December 2005.
Who are China Pacific Life Insurance's investors?China Pacific Life Insurance's investors include Carlyle Group.
Which companies are comparable to China Pacific Life Insurance?Companies comparable to China Pacific Life Insurance include MAPFRE Perú, Ominimo, Nassau Financial Group, SBI General Insurance, Nuernberger Beteiligungs and Saga.

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