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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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4. Bermudan, European reinsurers to suffer major hit from bridge collapse
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6. Inflation drives 10% increase in sum insured for windstorms