Ping An Insurance(Group) Company Of China,Ltd.’s Net Profit Dropped 11.8% in 2022

Ping An Insurance(Group) Company Of China,Ltd. (中国平安保险(集团)股份有限公司) (601318.SH) reported a net profit of 107.4 billion yuan in 2022, down 11.8% year-on-year.

Meanwhile, the company posted 1.1 trillion yuan in revenue, down 5.9% year-on-year.

At the end of the reporting period, it had 11.1 trillion yuan in total assets and 10 trillion yuan in total liabilities, with a liability-to-asset ratio of 89.5%.