By Yi Wei Wong

China Pacific Insurance (Group) Co. reported that 2021 net profit rose from the previous year, driven by growth in its nonauto insurance segment.

The insurer said Sunday that full-year net profit rose 9.2% to 26.83 billion Chinese yuan ($4.21 billion).

Group operating income grew 4.4% to CNY440.64 billion, it said.

In 2021, the insurer's gross written premiums slipped 0.1% to CNY211.69 billion.


Write to Yi Wei Wong at yiwei.wong@wsj.com


(END) Dow Jones Newswires

03-27-22 2009ET