Three Listed Insurers Post Higher Premium Incomes

   Date:2011-12-20     Source:puchangpingxyw

DECEMBER 16 -- China Life Insurance (601628, 2628.HK) generated premium income of RMB 301.2 billionduring the first 11 months, up 0.63 percent from the RMB 299.3 billionearned during the same period of 2010, reports China Securities Journal, citing a company filing.

Ping An Insurance Group (601318, 2318.HK) posted a 31.12 percent year-on-year increase in premium income to RMB 189.55 billionduring the first 11 months, of which RMB 15.73 billion  was recorded in November.

Ping An Life Insurance, Ping An Casualty Insurance, Ping An Health Insurance and Ping An Annuity recorded 29.36 percent, 34.42 percent, 92.08 percent and 21.62 percent year-on-year increases in premium income to 110.03 billion, 74.68 billion, 112 million and 4.773 billion yuan, respectively.

China Pacific Insurance Group (601601.SH) said its life insurance and property and casualty insurance businesses earned premium income of 87.9 billion yuan and 55.9 billion yuan during the first 11 months. Total premium income thus hit 143.8 billion yuan, up 12 percent year-on-year.


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