Ping An Net Misses Estimates as Technology Income Drops
- Operating profit from tech business down 40% from year earlier
- New business value growth slips to 5% as slowdown bites
Signage for Ping An Insurance Group Co.
Photographer: Giulia Marchi/BloombergThis article is for subscribers only.
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Ping An Insurance (Group) Co., China’s largest insurer by market value, reported results for last year that missed analyst estimates, although profit jumped 39% as a stock-market rally and tax relief helped fuel earnings growth.