Ping An Insurance Units Posts Mixed Premium Incomes

MT Newswires Live10-14

Three Ping An Insurance (Group) (HKG:2318, SHA:601318) units saw their gross premium income rise for the nine months ended Sept. 30, with the premium income of one subsidiary falling for the period, a Monday bourse filing said.

The insurer's property & casualty insurance, life insurance, and health insurance wings saw a 5.9%, 10%, and 15% boost in premium income to 239.4 billion yuan, 421.7 billion yuan, and 13.9 billion yuan, respectively.

The annuity insurance subsidiary's premium income, on the other hand, fell by 4.9% to 14.2 billion yuan.

China-listed shares of the insurer closed nearly 2% higher on Monday.

Price (HKD): $51.15, Change: $+0.15, Percent Change: +0.29%

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