SHANGHAI/BEIJING -Ping An Insurance Group, China's largest insurer by market value, on Wednesday reported a 31.5 per cent fall in third-quarter profit on weak investment income.
Investment income in the first nine months of the year fell 81.6 per cent to 10.43 billion yuan, from 56.65 billion yuan in the year-earlier period.The group's gross written premiums rose 2.18 per cent to 604.66 billion yuan from the year before, while the number of retail customers rose 2.6 per cent from the end of last December to 227.6 million.
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