China Ping An Posts 3.7% ROI

China’s second largest insurer China Ping An Insurance Group reported 10.3 billion yuan in return on investment (ROI), representing a 3.7 percent ROI, according to the company’s first half report released on August 24.

In the first half of 2009, ROI was 4.8 percent.

First-half net profits of the Shanghai and Hong Kong-listed insurer reached 9.8 billion yuan, up 27.9 percent from the same period of 2009.The rise was attributed to the expansion in insurance premiums and increased profits from banking, securities and trust business.