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Ping An Insurance's profit up 20.7% in Q3

Nov. 1, 2012 (China Knowledge) - Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer by premium income, has said its net profit attributable to shareholders increase 20.7% YoY to RMB 2.13 billion in the third quarter of this year.

According to a statement filed with Shanghai Stock Exchange, basic earnings per share for the period were RMB 0.27, up 20.7% YoY.

From July to September, the Chinese insurer's premium income rose 18.72% from a year earlier to RMB 52.09 billion, leading its total premium income to RMB 179.91 billion in the first nine month of this year, up 12.47% YoY.

In the first nine months of this year, the Shanghai and Hong Kong listed company saw its net profit attributable to shareholders grow 10.79% YoY to RMB 16.09 billion, of which RMB 5.25 billon from its banking business.

As of the end of September, the company had RMB 2.63 trillion in total assets, 15.1% more than at the beginning of this year.

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