China Pacific Insurance (Group) (CPIC) (02601) said its net profit attributable to equity holders of the parent for the six months ended 30 June 2015 rose 64.9% year-on-year to Rmb11,295 million.
Basic and diluted earnings per share were Rmb1.25.
Total income amounted to Rmb134,530 million, an increase of 21.7% from a year earlier. Group embedded value amounted to Rmb193.866 billion, representing an increase of 13.2% from the end of 2014.
During the first half of the year, the life business achieved sustained growth, with the new business value (NBV) amounting to Rmb7.227 billion, an increase of 38.2% over the same period last year, and the NBV margin rising by 10.2 percentage points to 31.2%.
Net investment income amounted to Rmb19.759 billion, up 12.8%. This increase stemmed mainly from higher interest income on fixed income investments, which increased by 13.3%. Net investment yield on an annualized basis reached 4.9%, the same as that for the first half of 2014.
No interim dividend will be distributed.
31/08/2015 11:21
CPIC (02601) interim net up 65% to Rmb11.3bn; no div
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