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Chinese insurer's net profit nearly doubles


China Pacific Insurance (Group) Co. Ltd.'s net profit grew more than 96% year-over-year to 16.1 billion Chinese yuan ($2.2 billion) in the first half, driven by favorable tax policies and better investment results, Shine reported. Gross written premiums increased nearly 8% to CNY 208 billion. The agricultural business of the insurer reported primary insurance premiums of CNY 4.3 billion.

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