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China Life's premium income hits RMB 318.3 bln in 2011

Jan. 18, 2012 (China Knowledge) - China Life Insurance Co Ltd<601628><2628>, the country's largest life insurance company, said yesterday that its unaudited insurance premium income was RMB 318.3 billion last year.

In 2010, the company booked RMB 318.2 billion of premium income.

In December, the company's insurance premiums fell 10.47% month on month to RMB 17.1 billion, after dropping 9.5% year on year to RMB 19.1 billion in November.

China Life's rival Ping An Insurance (Group) Co<601318><2318> said earlier that its life insurance unit, Ping An Life Insurance Co Ltd, realized RMB 118.97 billion in premium income last year,.

China Pacific Insurance (Group) Co Ltd<601601><2601>, the country's third-largest life insurer, booked RMB 93.2 billion last year, up 6% year on year.

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