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PICC Property's premium income hits RMB 173.4 bln in 2011

Jan. 19, 2012 (China Knowledge) - PICC Property & Casualty Co<2328>, China's largest non-life insurer in terms of premiums, said yesterday that its insurance premium income amounted to RMB 173.4 billion last year.

The figure reflected an increase of 12.63% in 2010 when the company's insurance premium income jumped 28.9% year on year to RMB 153.93 billion.

Ping An Property & Casualty Insurance Co, the property insurance arm of Ping An Insurance (Group) Co<601318><2318>, saw its insurance premium income reach RMB 83.33 billion last year.

China Pacific Property Insurance Co, the property insurance unit of China Pacific Insurance (Group) Co Ltd<601601><2601>, recorded RMB 61.6 billion in insurance premiums during the period, according to an earlier report from China Knowledge.

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