Ping An Insurance posts biggest profit
Print Edition
PING An Insurance Group intends to transform into an integrated finance business model that aims to sell a package of products and services to individuals as it reported the biggest net profit in over a decade.
Asia’s second-largest insurance company by market value said its net profit rose 15 percent year on year to 62.4 billion yuan (US$9.06 billion) last year, the biggest annual profit since 2003, Ping An said in its annual statement yesterday.
Although in line with market expectations, the profit growth was slower than the 40 percent increase in 2015 amid a strong stock market.
For the first time, the group revealed retail business contributed 65.4 percent of the total net profit last year, an increase of 7.3 percentage points from a year ago.
The number of customers rose 20 percent year on year to 131 million, while profit per customer gained 7.8 percent to 311.51 yuan, according to the statement.
The disclosure of customer value marked Ping An’s transition into an integrated finance business model that aims to sell packaged banking, insurance and brokerage services to a single customer, group Chairman Peter Ma said at a briefing.
Ma said Ping An aims to become a leading personal financial service provider.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
