China United Insurance Service, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 03:18 pm EST
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China United Insurance Service, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 33.235 million compared to USD 23.266 million a year ago. Operating income was USD 5.335 million compared to USD 3.440 million a year ago. Net income was USD 2.786 million compared to USD 1.328 million a year ago. Basic earnings per share from continuing operations was USD 0.092 compared to USD 0.044 a year ago. For the nine months, sales was USD 91.200 million compared to USD 64.449 million a year ago. Operating income was USD 7.540 million compared to USD 7.968 million a year ago. Net income was USD 2.788 million compared to USD 3.813 million a year ago. Basic earnings per share from continuing operations was USD 0.092 compared to USD 0.125 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. 
