Ping An Insurance profits up 45 pct

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Ping An Insurance (Group) Co., one of China's major insurers, said on Friday its net profit in the first three quarters of this year rose 45 percent year on year.

The company's net profit stood at 23.3 billion yuan (3.80 billion U.S. dollars), with the earnings per share standing at 2.95 yuan, the company said in a statement filed with the Shanghai Stock Exchange.

Meanwhile, Ping An Bank saw its net profit up 13 percent year on year to 11.7 billion yuan in the first three quarters.

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