trending Market Intelligence /marketintelligence/en/news-insights/trending/6WQkQLlT1QeY89DIHclXKg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

China Pacific Insurance posts YOY increase for FY'18 net profit

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


China Pacific Insurance posts YOY increase for FY'18 net profit

China Pacific Insurance (Group) Co. Ltd. posted a 22.9% year-over-year increase in full-year 2018 profit.

The company reported net profit attributable to equity holders of the parent of 18.02 billion yuan, compared to 14.66 billion yuan in 2017. Basic EPS rose to 1.99 yuan from 1.62 yuan.

Gross written premiums grew year over year to 321.90 billion yuan from 281.64 billion yuan. Net premiums earned climbed to 299.72 billion yuan from 263.55 billion yuan.

Investment income declined to 50.00 billion yuan from 52.66 billion yuan.

China Pacific's group comprehensive solvency margin ratio was 301% at the end of 2018, up from 284% at Dec. 31, 2017. Meanwhile, the group core solvency margin ratio was 292% at 2018-end, up from 280% a year earlier.

As of March 22, US$1 was equivalent to 6.72 Chinese yuan.