Premium Income of Ping An Insurance's Three Subsidiaries Rises in January-August
The premium income of three of Ping An Insurance's (Group) (HKG:2318, SHA:601318) subsidiaries rose in the period between January and August, according to a Friday disclosure on the Hong Kong Stock Exchange.
The premium income of Ping An Health Insurance Company of China recorded the highest increase, jumping 13.7% year on year to 12.3 billion yuan. Those of Ping An Property & Casualty Insurance Company and Ping An Life Insurance Company of China climbed 5.3% and 9.1%, respectively, to nearly 211 billion yuan and 384.6 billion yuan.
Only Ping An Annuity Insurance Company of China recorded a decline in its premium income during the period. It slipped 2.4% year on year to 12.8 billion yuan.
Shares of the company rose more than 1% on the Hong Kong bourse at the close.
Price (HKD): $35.35, Change: $+0.50, Percent Change: +1.43%
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