Fosun insurance top line doubles as profits almost halve

The top line of Fosun's insurance division more than doubled
year-on-year to 13.09bn yuan ($2bn) in the first six months of 2016
while profits attributable to the segment nearly halved.
In its H1 results, the conglomerate reported that profits
generated by its insurance businesses fell to 1.01bn yuan, down
43.5 percent from the first half of 2015.
Fosun blamed the reduced profitability on the "weakness of
the global economy and the shrinkage of the entire insurance
industry".
It continued: &