Anbang: A Growth Monster That Wasn’t

The growth in this business stunned even China analysts accustomed to tales of fabulous growth. From 2010 to 2016, Anbang’s annual life-insurance premium revenue increased from 1 million yuan to 114.2 billion yuan, or total growth of 11 million percent. Even during a period of rapid economic expansion, annualized growth of 593 percent is amazing.