Third, the insurance giant to disclose all three of the Quarterly Bulletin

Stock market decline in net profit are involved

According to the Xinhua News Agency Xinhua domestic A-share listed in the 3 insurance unit China Life Insurance --- (601,628, it shares), Ping An of China (601,318, it shares), China Pacific Insurance (601,601, it shares) yesterday (27) all day Third-quarter financial disclosure report. The report shows that the deep involvement of the capital market rate down, the three companies were targets net profit than the same period last year, a sharp decline.

China Life shows that three of the Quarterly Bulletin, January-September, the company's business revenue increased to 248,595,000,000 yuan, up 56.7 percent, made a net profit of 13,111,000,000 yuan (July to September which made a net profit of 2,339,000,000 yuan) than the same period last year dropped 46.9 percent.

Quarterly Bulletin, said the company's net profit fell mainly due to the downward effect of the depth of capital markets, investment income and changes in fair value of a substantial drop in profit and loss and available-for-sale financial assets due to impairment provision. In addition, the impact of the appreciation of the renminbi, the company expanded the size of exchange rate losses to 10.1 billion yuan, an increase of 73.2 percent.

China Ping An's disclosure showed that three of the Quarterly Bulletin, January-September net profit for the company -7.05 billion (of which July-September net profit -78.07 billion), representing 315.9 percent decline in same period last year. Important reason for the decline in the company in the third quarter of the European group Fortis shares to invest in the provision for impairment. As of the end of Sept., Fortis to invest its stock market value of the change in the loss 18,611,000,000 yuan in net assets to reflect, of which about 15.7 billion has been transferred to the profit report reflected, recognized as impairment loss.

China Pacific Insurance on the 26th night after three quarters of the disclosure of financial results. In this round of financial crisis, there is no QDII quotas of China Pacific Insurance Although overseas to avoid the disadvantage, but in the domestic capital market, Fukui's investment performance is enough to make it worrisome. Quarterly Bulletin show that the January-September net profit of the company to 3,974,000,000 yuan, up 32.6 percent decline, compared with the first half of the company to reduce 1,643,000,000 yuan net profit was mainly affected by the stock market's fall In the third quarter of a provision 2,162,000,000 yuan due to asset impairment. That is, in the third quarter of China Pacific Insurance has been the performance of the previous quarter to a loss of profits.