Ping An Insurance's Q1 Profit Plunges 26%

MT Newswires Live

2025/04/25

Ping An Insurance (Group) (HKG:2318, SHA:601318) recorded a 26% decline in attributable profit in the first quarter to 27 billion yuan from 36.7 billion yuan in the year-ago period, a Friday Hong Kong bourse filing said.

Earnings per share were 1.44 yuan for the quarter, down from 2.03 yuan in the corresponding period of the last fiscal year.

The insurer's revenue fell 7% to 256.6 billion yuan in the three months from 275.9 billion yuan a year prior.

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