The People's Insurance (01339) released the first three quarters of 2023 results, the group achieved operating income of 418.
Zhitong Financial App News, The People's Insurance (01339) released results for the first three quarters of 2023, the group achieved operating income of 418.644 billion yuan (RMB, the same below), an increase of 4.3% over the same period last year; net profit belonging to shareholders of the parent company was 20.503 billion yuan, down 15.5% from the same period last year; basic earnings per share is 0.46 yuan.
In the first three quarters of 2023, the new Party Committee of the Group conscientiously implemented the spirit of the 20th CPC National Congress, adhered to the stability and continuity of the excellent strategy, and maintained strategic concentration. At the same time, the strategy was optimized according to the actual and external environmental changes of the group, the "eight strategic services" were strengthened, innovation and reform were further promoted, risk prevention and control were further strengthened, and the development trend was stable and good. During the reporting period, the group achieved insurance service income of 380.554 billion yuan, an increase of 8.0% over the same period last year; net profit of shareholders belonging to the parent company was 20.503 billion yuan, down 15.5% from the same period last year; and the weighted average rate of return on net assets was 8.7%. The reasons for the decline in the group's net profit: on the one hand, it is affected by strong typhoons such as "du Suri" and "sea anemone"; on the other hand, it is greatly affected by the implementation of new financial instruments standards and fluctuations in the capital market. as a result, the value of some financial assets fluctuated in the profit and loss of fair value changes in the current period.