Ping An Q3 results 2011

  • PDF
  • China
  • Rating +1

This financial report documents Ping An's performance for Q3, 2011.

Highlights:

- Ping An Life recorded total written premiums of RMB144.06 billion, an increase of 16.1%. Total premium income amounted to RMB93.95 billion, representing an increase of 32.0%. The more profitable individual life insurance business recorded total written premiums of RMB126.35 billion, an increase of 25.0%.

- Ping An Property & Casualty realised a premium income of RMB61,586 million, an increase of 35.5%. The combined ratio decreased by 0.2 percentage point to 93.0%, as compared with the end of last year.

- The three major indicators of our annuity business, namely the annuity payment received, assets entrusted and assets under investment management, all maintained leading positions in the market.