Insurance Post

Ping An's profit climbs 40%

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Chinese insurance and banking group Ping An's profits climbed 40% last year.

Ping An's net profit was up 40.4% year on year at 28.15bn yuan ($4.58bn) compared to 20.1bn yuan in 2012.

There was a 13% rise in net premiums earned and a 14% profit increase at the banking arm

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