China Pacific Insurance (HKG:2601, SHA:601601) recorded a net profit of 13.2 billion yuan for the third quarter of the year, up 173.6% from last year, a Wednesday filing with the Hong Kong exchange said.

Earnings per share stood at 1.37 yuan for the three months ended Sept. 30, also 173.6% higher from last year.

The property insurance company's operating income for the quarter was 115.9 billion yuan, 44.2% higher than a year ago.

The company's shares were down nearly 5% on Wednesday's close.