, China
Stock Photo

Ping An’s net profit drops to RMB83.8b in 2022

The insurer attributed the decline to the volatility of capital markets.

Volatile global capital markets and changes in the macroeconomic environment dragged down Ping An’s net profit for 2022 by 17.6% YoY to RMB83.3b.

The insurer’s net profit declined despite a 0.3% YoY increase in its operating profit.

READ MORE: Gross premiums of HK general insurance soar 4.5% in FY2022

In 2022, Ping An recorded an operating profit of RMB172.9b.

The insurer’s basic operating earnings per share also rose in 2022, increasing 1.2% YoY to RMB8.50. 
 

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.
Insurance
InterContinental Singapore is saving insurance for a rainy day
NUS Professor Charoenwong discusses the effectiveness and value of a Singaporean hotel’s rain insurance offer.