China Pacific Insurance(Group) Co.,Ltd.’s Net Profit Dropped 36.4% in First Quarter of 2022

China Pacific Insurance(Group) Co.,Ltd. (中国太平洋保险(集团)股份有限公司) (601601.SH) reported a net profit of 5.6 billion yuan in the first quarter of 2022, down 36.4% year-on-year.

Meanwhile, the company posted 146.6 billion yuan in revenue, down 3.1% year-on-year.

At the end of the reporting period, it had 2 trillion yuan in total assets and 1.8 trillion yuan in total liabilities, with a liability-to-asset ratio of 88.8%.