China Pacific Insurance(Group) Co.,Ltd.’s Net Profit Dropped 24.3% in First Three Quarters 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 23.7 billion yuan in the first three quarters of 2023, down 24.3% year-on-year.

Meanwhile, the company posted 255.9 billion yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 2.3 trillion yuan in total assets and 2 trillion yuan in total liabilities, with a liability-to-asset ratio of 89.2%.