Ping An Insurance Units Post Mixed 10-Month Gross Premium Income

MT Newswires Live
2024-11-14

Three units of Ping An Insurance (Group) (HKG:2318, SHA:601318) recorded a rise in gross premium income for the 10 months ended Oct. 31, with one subsidiary seeing a decline, a Thursday bourse filing said.

Ping An Property & Casualty Insurance, Ping An Life Insurance and Ping An Health Insurance saw a 6.5%, 9.4%, and 14% boost in gross premium income to 265.7 billion yuan, 447.4 billion yuan, and 15.1 billion yuan, respectively.

The gross premium income of Ping An Annuity Insurance, on the other hand, fell by 5.4% to 15 billion yuan.

Shares of the insurer closed over 1% lower on Thursday.

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