China’s Top Insurers See Profits Slump on Coronavirus Impact

Apr.23 — China’s top two insurance companies saw profits plunge in the first quarter as the coronavirus hit sales and investment returns. China Life, the country’s biggest life insurer posted a 34% drop in profits through March, while Ping An, China’s largest insurer by market value, said profits fell 43%. Bloomberg’s Tom Mackenzie reports on “Bloomberg Daybreak: Asia.”

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