Ping An Insurance’s net profit rises 62%
Print Edition
PING An Insurance (Group) Co, China’s second largest insurer, posted a robust 62 percent annual surge in net profit in the first half of the year as it benefitted from higher returns in stock investment while its life insurance business expanded.
Its net earnings in the first six months totaled 34.6 billion yuan (US$5.4 billion), the Shenzhen-based insurer said.
Investment income of the company surged 235.6 percent year on year to 78.3 billion yuan as the Shanghai Composite Index rose more than 30 percent during the period.
The insurer’s sterling results were also boosted by a 16.5-percent annual jump in premiums from its life insurance products as the company boosted the number of sales agents by 25 percent from the beginning of the year to nearly 800,000.
Profit at Ping An’s banking unit rose 15 percent during the first six months, while that of its securities arm soared 217.4 percent during the same period, the company said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
