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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Ping An Insurance Group Company    601318   CNE000001R84

PING AN INSURANCE GROUP COMPANY

(601318)
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Ping An Insurance January-September Net Falls 21%; Covid-19 Impact Weighs

10/27/2020 | 04:19am EST

By P.R. Venkat

Ping An Insurance (Group) Co. of China Ltd.'s net profit fell nearly 21% on year in the January-September period, as contributions from its life and health business were hurt by the Covid-19 pandemic.

Net profit fell to 103.04 billion yuan ($15.35 billion), the company said Tuesday.

Ping An Insurance revenue came in at CNY995.12 billion compared with CNY970.48 billion.

Net earned premiums were nearly unchanged at CNY588.61 billion.

The company said that its long-term-protection business remains adversely impacted by Covid-19, as domestic consumption demand is still recovering.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

10-27-20 0518ET

Stocks mentioned in the article
ChangeLast1st jan.
PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. 1.68% 90.9 End-of-day quote.-1.30%
PING AN INSURANCE GROUP COMPANY 2.18% 89.15 End-of-day quote.4.32%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.25% 6.56223 Delayed Quote.-5.62%
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Financials
Sales 2020 777 B 118 B 118 B
Net income 2020 132 B 20 022 M 20 022 M
Net Debt 2020 - - -
P/E ratio 2020 10,6x
Yield 2020 2,80%
Capitalization 1 544 B 235 B 235 B
Capi. / Sales 2020 1,99x
Capi. / Sales 2021 1,89x
Nbr of Employees 372 194
Free-Float 82,4%
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Technical analysis trends PING AN INSURANCE GROUP COMPANY
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 90,26 CNY
Last Close Price 77,21 CNY
Spread / Highest target 32,4%
Spread / Average Target 16,9%
Spread / Lowest Target -4,66%
EPS Revisions
Managers
NameTitle
Bo Yao Co-CEO, CFO, Executive Director & Chief Actuary
Sin Ying Tan Co-CEO, COO, Executive Director & Executive VP
Yong Lin Xie President, Co-CEO & Executive Director
Ming Zhe Ma Chairman
Jian Yi Sun Chairman-Supervisory Board