Ping An Insurance, one of the country’s largest insurers, will continue its strategy to develop comprehensive financing and health services at the core of its business in the future, according to its general management.
“Growing uncertainties are weighing on customer demand, but we will stick to the two business drivers – comprehensive financial and healthcare services to maintain strong performance in 2022,” said Yao Bo, co-CEO of Ping. An Insurance in an online conference on Wednesday.
According to the company’s half-year report, its net profit attributable to its parent company grew 4.3% year-on-year to 85.3 billion yuan ($12.5 billion) in the first six months. of this year. Ping An’s life and health insurance showed solid growth with operating profit of 58.993 billion yuan, up 17.4 percent year on year.
As for Ping An’s property insurance, its main insurance insurance expenditure reached 146.792 billion yuan, up 10.1 percent year on year.
As of June 30, 2022, the size of its insurance fund investment portfolio exceeded 4.27 trillion yuan, up 9.0 percent since the beginning of this year.
Zhu Hanxue contributed to this story