Ping An Profit Rises as Stock Rally Lifts Investment Returns
Source: Bloomberg
Ping An Insurance (Group) Co. said profit rose 11.5% in the first nine months of this year, as a stock market rally lifted investment returns and policy sales expanded.
Net income climbed to 132.9 billion yuan ($18.7 billion), from 119.2 billion yuan a year earlier, the Shenzhen-based company said in a filing to the Hong Kong stock exchange Tuesday.