News Coronavirus watch29 Apr 2022

CPIC reports 36.4% fall in 1Q net profit

| 29 Apr 2022

China Pacific Insurance (Group) Co (CPIC), among the country's top insurers, yesterday announced that its net profit attributable to shareholders of the parent plunged by 36.4% to CNY5.437bn ($821m) for the first quarter of this year, compared to the corresponding quarter last year. The company cites a decrease in investment income for the weaker performance.

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