Ping An Group sees 9.4% growth in net profit

by

• Stephanie Denton
• 24 Aug 2012

Ping An Insurance Company of China has maintained growth above the industry average amid complex economic and market environment for the first half of 2012.

Insurance, banking and investment, all achieved healthy and steady growth. Net profit attributable to shareholders of the parent company was RMB13.959bn, up 9.4% year on year.

As at 30 June 2012, total assets of the group amounted to RMB2,644.999bn, an increase of 15.7% as compared with the beginning of 2012.

Net profit of Ping An's property & casualty business grew by 2.0%, with the combined ratio maintained at what the insurer said was 'a healthy level'.

Insurance Insight