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Ping An Insurance sees 24% Q1 profit drop

reuters.com · 04/29/2022 05:36
Ping An Insurance sees 24% Q1 profit drop

- Ping An Insurance (Group) Co of China Ltd PNGAY, 2318.HK saw a 24% drop in first-quarter net profit, China's largest insurer by market value reported on Thursday.

Profit fell to 20,66 billion yuan ($313.65 billion) for the January-March quarter, it said in a statement filed to the Hong Kong stock exchange.


($1 = 6.5869 Chinese yuan renminbi)


(Reporting by Engen Tham in Shanghai and Selena Li in Hong Kong; Editing by Catherine Evans)

((cheng.leng@thomsonreuters.com; +8610-5669-2129;))