News China04 Sep 2020

Combined net profit of 3 biggest non-life insurers plunge by around 30% in 1H

04 Sep 2020

The net profits of the three biggest P&C insurance companies in China (as measured by premium income) declined in the first half of the year. PICC P&C, Ping An P&C and CPIC P&C posted a combined net profit of CNY24.58bn ($3.59bn), down 30.58% year-on-year. This was despite the increase in premium income of the three insurance companies of between 4% and 13% in 1H2020.

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