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China: Ping An Insurance's 2014 first-half profit rises 19%

August 20, 2014 - 6:00am

Ping An Insurance (Group) Co. of China Ltd.'s 2014 first-half profit increased 19%, aided by the growth in premium and higher profit from its banking division, Bloomberg reported.

Net income totaled 21.4 billion Chinese yuan ($3.44 billion), up 19.55%.

The combined ratio of the nonlife unit was 94.4% compared with 95.5% the previous year.

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