HONG KONG (Yosefardi) – Ping An Insurance (Group) Company of China Ltd booked net profit of RMB29.45 billion or about US$4.84 billion in nine months ended September 30, 2013, jumped by 37% from the corresponding period of 2012.
Ping An’s revenues grew significantly to RMB316.19 billion, while net profit attributable to equity holders increased to RMB23.34 billion or about US$3.83 billion.
Ping An had total assets of RMB3.248 trillion as at September 30, 2013, while equity as RMB236.49 billion.
Ping An reported strong performance in both life insurance and banking units. The life insurance business realized RMB173.8 billion in written premiums, up 10.3% from the same period of 2012.
Ping An Bank, meanwhile, reported a net profit of RMB11.69 billion in nine months of 2013, an increase of 13% from the same period of 2012.