China Pacific Insurance(Group) Co.,Ltd.’s Net Profit Rose 27.4% in First Quarter of 2023

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 11.9 billion yuan in the first quarter of 2023, up 27.4% year-on-year.

Meanwhile, the company posted 94.4 billion yuan in revenue, up 19.4% year-on-year.

At the end of the reporting period, it had 2.2 trillion yuan in total assets and 1.9 trillion yuan in total liabilities, with a liability-to-asset ratio of 88.2%.