The People'S Insurance Company(Group) Of China Limited’s Net Profit Rose 7.2% in First Half 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 26.8 billion yuan in the first half of 2023, up 7.2% year-on-year.

Meanwhile, the company posted 279.1 billion yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 1.5 trillion yuan in total assets and 1.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 78.1%.