BEIJING, May 4 (Xinhua) -- A total of 75 insurance companies in China had released their financial reports for the first quarter of 2018, showing 46 achieved aggregated net profits of 58.92 billion yuan during the period, the Securities Times reported on Friday.
Among the 75 insurance companies, 29 incurred total net losses of 5.318 billion yuan in Q1.
Seven major insurance companies, including Ping An Life Insurance, China Life, Taikang Life, China Taiping, Hua Insurance, China Pacific Insurance Co.,Ltd, New China Life Insurance Co.,Ltd achieved aggregated net profits of 49.06 billion yuan in Q1, accounting for 83 percent of the total.
Meanwhile, nine insurance companies incurred net losses exceeding 100 million yuan in Q1. The insurance company with the highest loss suffered net loss of 1.66 billion yuan. (Edited by Ma Xin, maxin11@xinhua.org )
A single purchase
