Insurance News
- Ping An's life premiums up 14 percent
Date: 21-Sep-2007 Sources: (Shenzhen Daily)
PING An Insurance (Group) Co. of China Ltd. said Thursday its unaudited premiums for life insurance totaled 53.22 billion yuan (US$7.04 billion) in the January-August period, up 14 percent year on year.
The Shanghai and Hong Kong-listed company didn't provide a year-earlier figure for comparison, but Ping An said in an earlier statement its life premium income in the first eight months of last year totaled 46.85 billion yuan. The Shenzhen-based company, China's second-largest insurer by premiums after China Life Insurance Co., said its property and casualty insurance unit had premium income of 14.42 billion yuan in the eight months ended August 31.
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