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International

PICC’s net profit drops 10.4%

March 25, 2021 Reprints

Insurer People's Insurance Company of China Ltd.’s net profit dropped 10.4% year-on-year to 20.07 billion Chinese yuan ($3.08 billion) in 2020, Asia Insurance Review reported. The insurer’s gross written premiums rose by 1.5% to CNY563.61 billion.

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PICC’s net profit drops 10.4%

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