Insurer Ping An profits fall more than 40% due to Covid-19
As China has been restricting travel since January, insurance agents have not been able to visit customers to discuss and sell policies
23 April 2020 - 17:22
Beijing/Shanghai — Ping An Insurance Group of China, on Thursday, reported a 42.7% drop in first-quarter profit, its biggest fall in quarterly profits in more than eight years, as the coronavirus pandemic disrupted its businesses.
Ping An, the country’s largest insurer by market value, said net profit fell to 26.063-billion yuan ($3.68bn) in the January-March quarter from 45.52-billion a year earlier...
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