News China19 Feb 2021

Insurance industry estimated to have realised combined net profits exceeding US$53bn in 2020

| 19 Feb 2021

The aggregate full-year profits of insurance companies in China for 2020 are expected to have exceeded CNY343.2bn ($53.1bn), an increase of CNY29.85bn or 9.5% higher than in 2019. The favourable results were backed by investment income of around CNY1.1tn.

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