Ping An Insurance (Group) Company of China Limited (SHSE: 601318 and SEHK: 2318) revealed net profit attributable to shareholders of CNY 17.91 billion in the first half of 2013, rising 28.3% year on year. EPS were CNY 2.26. Net assets per share were CNY 21.82.
Life insurance service generated net profit of CNY 9.339 billion, hiking 32.83%; standardized premium reached CNY 126.808 billion, rising 10.4%; market share was 13.8%, climbing 0.6 percentage points.
Property insurance service generated net profit of CNY 3.492 billion, hiking 27.2%; premium income reached CNY 53.744 billion, rising 10.2%; market share was 16.4%, narrowing one percentage point and still ranking number two.
Ping An Bank (PAB; SZSE: 000001) generated net profit of CNY 7.4 billion, hiking 11% while the figure from Ping An Securities reached CNY 245 million, declining 63%.
