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Ping An Insurance reports mixed Q1 2025 results: operating profit up, net profit down, but new business value surges.
Ping An Insurance Group saw a 2.4% rise in operating profit to RMB37.9 billion in Q1 2025, despite a 26.4% drop in net profit to RMB27.02 billion.
Its life and health insurance profit grew by 5.0%, with new business value up 34.9% to RMB12.9 billion.
The company’s total assets surpassed RMB13 trillion, and it plans to acquire the remaining stake in its healthcare division valued at $1.7 billion.
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Ping An Insurance informa resultados mixtos del primer trimestre de 2025: el beneficio operativo sube, el beneficio neto baja, pero el valor de los nuevos negocios aumenta.