Ping An Insurance posts 4 pct rise in Q1 net profit

April 26, 2016 10:36 AM

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SHANGHAI, April 26 Ping An Insurance (Group) Co of China , the country's second-largest insurer by market value, on Tuesday posted a 4 percent gain in first-quarter net profit underpinned by demand for all categories of insurance products.

Ping An earned a net profit of 23.4 billion yuan ($3.19 billion) in the first three months of the year compared with 22.44 billion yuan in the same quarter a year earlier, according to a stock exchange filing.

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