Ping An Insurance (Group) Co. (02318.HK, 601318.CN) said its net profit rose 40.4 percent year on year to 28.15 billion yuan (US$4.58 billion) in 2013, according to a stock exchange filing Thursday. The company proposed paying a final dividend of 4.5 yuan for every 10 shares. Life insurance premium income amounted to 219.36 billion yuan, up 10 percent from 2012, lifting its market share 0.7 percentage point to 13.6 percent. Premium income from property insurance was 115.36 billion yuan, up 16.8 percent year on year, with a market share of 17.8 percent, the filing said. Chairman Ma Mingzhe said in the annual report that Ping An will work to develop non-traditional financial businesses through mobile online platforms.
– Contact HKEJ at [email protected]