China Pacific Insurance(Group) Co.,Ltd.’s Net Profit Dropped 23.4% in First Half 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 13.6 billion yuan in the first half of 2022, down 23.4% year-on-year.

Meanwhile, the company posted 255.1 billion yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 2.1 trillion yuan in total assets and 1.9 trillion yuan in total liabilities, with a liability-to-asset ratio of 89%.