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China Pacific Insurance's premiums hit RMB 154.8 bln in 2011

Jan. 17, 2012 (China Knowledge) - China Pacific Insurance (Group) Co Ltd<601601><2601>, the country's third-largest life insurer by premium, said yesterday that its premium income hit RMB 154.8 billion last year.

The figure reflected an 11.05% increase from 2010.

The Shanghai and Hong Kong-listed insurer said in a statement that its premium income from life insurance business was RMB 93.2 billion in the reporting period, up 6% year on year.

The premium income from the property insurance business was RMB 61.6 billion last year, up 19.6% from the previous year.

Bigger rival Ping An Insurance (Group) Co<601318><2318> said earlier that its insurance premium income amounted to RMB 207.43 billion last year, reflecting a 30.46% increase from 2010.

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