Insurance Post

Ping An's profit climbed 15% last year

Markets news

Shenzhen-headquartered insurance and banking group Ping An saw its net profit rise 15.1% in 2016 compared with the previous financial year.

Profit attributable to shareholders was 62.4bn yuan (£7.25bn) up from 54.2bn yuan in 2015; revenue climbed to 774.5bn yuan. The insurer’s P&C premiums grew 8.7% to 178bn yuan buoyed by motor insurance

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