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China: Ping An's 2013 profit up 40%

March 14, 2014 - 6:00am

Ping An Insurance Group Co. of China Ltd. posted a net profit of 28.15 billion Chinese yuan ($4.65 billion) for the year ended Dec. 31, 2013, Reuters reported.

The insurer's annual earnings rose 40.5% during the period, helped by growth in investment income.

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