Chinese insurance giant Ping An’s profit climbs 36% on policy sales, investment gains

Ping An Insurance (Group), China’s largest insurer by market value, reported a 36 per cent increase in interim profit, driven by stronger policy sales and investment gains, according to a stock exchange filing on Thursday. First-half net profit hit 92.59 billion yuan (US$13.78 billion) for the six months ended June 30, beating analysts’ consensus estimates of 84.45 billion yuan. The primary drivers of the performance were an increase in the sale of new policies and greater investment income, the...