Ping An Insurance(Group) Company Of China,Ltd.’s Net Profit Rose 13.6% in First Quarter of 2023

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 14.6 billion yuan in the first quarter of 2023, up 13.6% year-on-year.

Meanwhile, the company posted 45.1 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 5.5 trillion yuan in total assets and 5 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.8%.