The Canadian Press - ONLINE EDITION

Chinese insurer Ping An says profit rises 46 per cent on growth in insurance, banking business

  • Print

BEIJING, China - Ping An Insurance Co., one of China's biggest state-owned insurers, says its quarterly profit soared 46.2 per cent on stronger insurance and banking business.

Ping An said Tuesday it earned 10.8 billion yuan ($1.8 billion), or 1.37 yuan (23 U.S. cents) per share, in the three months ending March 31. Revenue rose 28 per cent to 147.1 billion yuan ($24.5 billion).

Life insurance premiums rose 22.7 per cent to 91.8 billion yuan ($15.3 billion) while those for property and casualty were up 27.9 per cent at 34.7 billion yuan ($5.8 billion.

Profit at Ping An's banking subsidiary rose 40.8 per cent to 5 billion yuan ($830 million).

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Key of Bart - Take It Easy

View more like this

Photo Store Gallery

  • Susan and Gary Harrisonwalk their dog Emma on a peaceful foggy morning in Assiniboine Park – Standup photo– November 27, 2011   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A female Mallard duck leads a group of duckings on a morning swim through the reflections in the Assiniboine River at The Forks Monday.     (WAYNE GLOWACKI/WINNIPEG FREE PRESS) Winnipeg Free Press  June 18 2012

View More Gallery Photos

Poll

Should Winnipeg control growth to deal with climate change?

View Results

Ads by Google