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Ping An Insurance

Ping An Insurance

Ping An Insurance Co. of China Ltd., one of the country's biggest insurers, said yesterday it swung to a profit in the third quarter, rebounding from a loss last year on its ill-fated investment in European bank Fortis NV.
Ping An, based in the southern Chinese financial center of Shenzhen, said profit for the three months ending Sept. 30 was 3.4 billion yuan (US$493 million), or 0.43 yuan (US$0.07) per share, compared with a 7.9 billion yuan loss a year earlier.


Updated : 2021-04-13 12:17 GMT+08:00