China United Insurance Service, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 04:46 pm EDT
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China United Insurance Service, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 32.973 million compared to USD 29.441 million a year ago. Operating income was USD 3.151 million compared to USD 1.232 million a year ago. Net income was USD 1.190 million compared to USD 750,794 a year ago. Basic earnings per share from continuing operations was USD 0.039 compared to USD 0.025 a year ago. For the half year, sales was USD 63.503 million compared to USD 57.964 million a year ago. Operating income was USD 8.037 million compared to USD 2.781 million a year ago. Net income was USD 3.601 million compared to USD 461,557 a year ago. Basic earnings per share from continuing operations was USD 0.118 compared to USD 0.015 a year ago.
China United Insurance Service, Inc. (China United) operates in Taiwan and China through its subsidiaries Action Holdings Financial Limited (AHFL) and ZLI Holdings Limited (CU Hong Kong), respectively. AHFL holds shares of Law Enterprise Co., Ltd. (Law Enterprise), a company based in Taiwan. Law Enterprise holds shares of Law Insurance Broker Co., Ltd. (Law Broker), Law Risk Management & Consultant Co., Ltd. (Law Management) and Law Insurance Agent Co., Ltd. CU Hong Kong owns Law Anhou Insurance Agency Co., Ltd. (Anhou), which provides insurance agency services in the People's Republic of China. Law Broker and Anhou markets and sells insurance products: life insurance products, and property and casualty insurance products, both focused on meeting the particular insurance needs of individuals. The insurance products that Law Broker and Anhou sell are underwritten by certain insurance companies in Taiwan and China, respectively.
CHINA UNITED INSURANCE SERVICE, INC. 
