Fulton Financial may buy back up to $75M of shares

|By:, SA News Editor

Fanhua (NASDAQ:FANH) Q3 operating income rose to RMB 195.3M ($28.4M) from RMB 83.8M a year ago, while total net revenue fell 26% to RMB 784.0M ($114.1M) from RMB1.06B.

Q3 net income per ADS increased to RMB 3.00 (44 cents) from RMB1.77 Y/Y.

Q3 total life insurance premiums increased 11% Y/Y to RMB 1.5B, of which annualized premiums equivalent dropped 29% to RMB 394.5M.

Its health insurance business, in terms of APE, rose 101% Y/Y.

Sees Q4 operating income of at least RMB 80.0M ($11.5M).

Previously: Fanhua reports Q3 results (Nov. 20)

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