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China Pacific Insurance net profit surges 54 pct in 2019

BEIJING
2020-03-23 14:15

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China Pacific Insurance (Group) Co., Ltd., one of China's insurance giants, reported a 54-percent surge in net profit last year.

Profit attributable to equity shareholders stood at 27.74 billion yuan (about 4 billion U.S. dollars), the company said in its annual financial report filed with the Shanghai Stock Exchange.

Operating revenue rose 8.8 percent year on year to 385.5 billion yuan with revenue from insurance businesses up 8 percent from the previous year to 347.5 billion yuan.

At the end of last year, the total number of the group's clients stood at 138.6 million, increasing by 12.14 million from the end of 2018, according to the report.
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