Ping An Insurance (Group) Co. said profit jumped 36% for the first nine months of the year, after a stock-market rally bolstered investment returns at China’s second-largest insurer by market value.
Net income rose to 119.2 billion yuan ($16.8 billion) from 87.6 billion yuan a year earlier, the Shenzhen-based company said in a filing to the Hong Kong stock exchange Monday. Operating profit, which the insurer says better reflects performance by stripping out short-term investment volatility and one-time items, rose 5.5%.
A 17% rally in the CSI 300 Index this year through Sept. 30 has bolstered the value of Chinese ...
