Ping An Insurance(Group) Company Of China,Ltd.’s Net Profit Dropped 3.1% in First Three Quarters 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 108.1 billion yuan in the first three quarters of 2023, down 3.1% year-on-year.

Meanwhile, the company posted 704.9 billion yuan in revenue, up 5.2% year-on-year.

At the end of the reporting period, it had 11.5 trillion yuan in total assets and 10.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 89.3%.