Insurance News
- China Life insurance income up 31%
Date: 15-Jan-2007 Sources: (Shenzhen Daily)
CHINA Life Insurance Co. reaped a 31 percent rise in insurance income to 209.7 billion yuan (US$27 billion) and boosted its market share by almost 7 percentage points in 2006, a newspaper said Saturday.
The leading domestic life insurer also boasted total assets of 910 billion yuan at the end of 2006, the Financial News said, quoting company president Yang Chao. Assets were 521.8 billion yuan a year earlier. China Life's market share rose to 51 percent in 2006, from 44.1 percent a year earlier, the paper cited Yang as saying.
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