Insurance Post

China Taiping posts drop in H1 net profit

Tax burden falling

China Taiping Insurance Holdings posted reduced net profit of HK$536.67m for the first half of 2012, down from HK$792.4 in the previous year.

The fall of 32% was attributed to negative results from the company's reinsurance operation, and came despite a 16% rise in gross written premiums in the first six months.

Life insurance, the firm's

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