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China Taiping Insurance's H1 profit up 29.5% YOY

China Taiping Insurance Holdings Co. Ltd. logged first-half net profit attributable to the company's owners of HK$6.74 billion, up 29.5% from HK$5.21 billion a year earlier.

Basic EPS went up year over year to HK$1.84 from HK$1.41. Total premiums written and policy fees increased 6.8% to HK$138.92 billion from HK$130.09 billion a year ago. Net earned premiums and policy fees grew to HK$129.51 billion from HK$122.47 billion.

Net investment income climbed to nearly HK$15 billion from HK$12.42 billion. The net operating profit from the life insurance business jumped 45.8% to HK$8.37 billion from HK$5.74 billion.