9.9 billion in the first half of Ping an

Deep development for Ping An profit contribution 204 million the first insurance shares of the A-share market were released today.　　According to Ping An newspaper, the first half of the net profit of 9.866 billion yuan, an increase of 27.9%, but for the outside concern of Ping An bank and the integration of deep development, the semi-annual report did not disclose. According to the Half-year report, the net profit of life insurance from the same period last year reduced to 6.551 billion yuan in the first half of this year, the profits from the loss of 25 million yuan to profit of 1.088 billion yuan, banking business also from 577 million yuan to 1.104 billion yuan.　　The profit ratio of the life insurance business is up to 70%. Ping An said that by the end of June 2010, has held a 29.99% stake in deep development. Deep development as a safe joint venture, starting from May for the company to bring profit contribution.　　Ping An bank to achieve a net profit of 900 million yuan in the first half, which also means the deep development of the current contribution to ping an profits reached 204 million yuan.　　Influenced by the domestic stock market adjustment, realized and the outstanding income has fallen sharply, the total investment income of Ping An was reduced from 13.924 billion yuan in the same period last year to 10.365 billion yuan in the first half of 2010, and the total investment yield decreased from 4.8% to 3.7%. Related News Ping Health insurance introduced foreign investment yesterday, China Peace and South Africa Health Insurance Company Discovery signed a cooperation agreement, Discovery will buy ping ' an health insurance company 20% of the shares.　　Both sides did not disclose the transaction price, but Ping an health insurance chairman Lu Min said that after the completion of the transaction, Ping Health insurance capital will be increased from the current 500 million yuan to about 700 million yuan. Discovery is South Africa's largest health insurance company with more than 40% per cent of the market in South Africa. After the formal shares will be sent to the ping ' an health insurance, including the CEO of the 5-6 executives, respectively, responsible for the new joint venture product development, system operation, risk control and actuarial work.