Ping An Insurance Quarterly Net Jumps 46% to $1.7 Billion
This article is for subscribers only.
Ping An Insurance (Group) Co., China’s second-biggest insurer, said first-quarter profit rose 46 percent as premium income and banking revenue grew and investment returns climbed.
Net income increased to 10.8 billion yuan ($1.7 billion), from 7.39 billion yuan a year earlier, the company said in a filing to the Shanghai stock exchange yesterday.