News China12 Nov 2021

80 life insurers report 24% plunge in combined net profit for Jan-Sep period

| 12 Nov 2021

The 80 life insurance companies that have filed their third-quarter solvency reports as of 4 November, posted a total of CNY2,566bn ($401.5bn) in premium income, an increase of 7% year-on-year. Despite this, their combined net profit for the first three quarters of this year stood at CNY165.6bn, a year-on-year decrease of 24%.

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