Ping An Insurance Q3 profit up 7.7%

Credit: REUTERS/THOMAS PETER

Ping An Insurance Group Co of China Ltd, the country's largest insurer by market value, posted a 7.74% rise in third-quarter net profit, as it gained from a rise in retail customers.

BEIJING/SHANGHAI, Oct 27 (Reuters) - Ping An Insurance Group Co of China Ltd 2318.HK601318.SS, the country's largest insurer by market value, posted a 7.74% rise in third-quarter net profit, as it gained from a rise in retail customers.

Net profit rose to 34.4 billion yuan ($5.12 billion) in the three months to September 30 from 31.9 billion yuan a year earlier, Ping An said in a stock market filing in Hong Kong on Tuesday.

($1 = 6.7029 Chinese yuan renminbi)

(Reporting by Cheng Leng and Zhang Yan in Beijing, Engen Tham in Shanghai; editing by Jason Neely)

((cheng.leng@thomsonreuters.com; +8610-5669-2129;))

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