The People'S Insurance Company(Group) Of China Limited’s Net Profit Rose 163.8% in First Quarter of 2023

The People'S Insurance Company(Group) Of China Limited (中国人民保险集团股份有限公司) (601319.SH) reported a net profit of 16.1 billion yuan in the first quarter of 2023, up 163.8% year-on-year.

Meanwhile, the company posted 137.8 billion yuan in revenue, up 8% year-on-year.

At the end of the reporting period, it had 1.4 trillion yuan in total assets and 1.1 trillion yuan in total liabilities, with a liability-to-asset ratio of 77.2%.