PICC Property and Casualty Premium Income Up 11.9%

Date:2011-11-15houhaizhen  Text Size:

November 15 -- PICC Property and Casualty (2328.HK), the listed property insurance arm of People's Insurance Company (Group) of China, recorded unaudited premium income of 144.24 billion yuan for the first 10 months, up 11.632 billion yuan, or 8.77 percent, from the figure for the first nine months, reports yicai.com, citing a company filing.

According to the insurer, the above figures were based on Chinese accounting standards.

Compared with the same period last year, premium income earned during the first 10 months this year rose 11.88 percent.

The insurer had earned premium income of 128.93 billion yuan in the same period of 2010.

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