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Ping An Insurance's H1 profit up 9.4%

Aug. 24, 2012 (China Knowledge) - Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer by premium income, has announced its net profit attributable to shareholders rose 9.4% YoY to RMB 13.96 billion in the first half of this year.

Basic earnings per share were RMB 1.76 for the period, up 5.4% from a year earlier. The company proposed an interim dividend of RMB 0.15 per share.

From January to June, the insurer saw its operation revenue reached RMB 159.53 billion, reflecting a YoY increase of 22.95%.

In the reporting period, the company's written premiums totaled RMB 114.84 billion, 1.96% more than it realized in the same period of last year.

As of the end of Jun 30, 2012, the company had RMB 2.64 trillion in total assets, 15.7% more than at the end of last year.

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