A Ping An Bank branch in Shanghai. Ping An Insurance (Group) Co of China Ltd saw its profits grow 45 percent year-on-year in the first three quarters of 2013.[Photo/China Daily]

BEIJING -- Ping An Insurance (Group) Co, one of China's major insurers, said on Oct 25, 2013 that its net profit in the first three quarters of this year rose 45 percent year-on-year.

The company's net profit stood at 23.3 billion yuan ($3.80 billion), with the earnings per share standing at 2.95 yuan, the company said in a statement filed with the Shanghai Stock Exchange.

Meanwhile, Ping An Bank saw its net profit up 13 percent year-on-year to 11.7 billion yuan in the first three quarters.