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China Taiping's insurance premiums hit RMB 42.4 bln

Jan. 31, 2012 (China Knowledge) - China Taiping Insurance Group Co, the parent company of China Taiping Insurance Holdings Co Ltd<0966>, has said that it reaped a total of RMB 42.4 billion in insurance premium income in 2011, sources reported.

The group's total assets had reached RMB 165.4 billion at the end of last year.

The insurer did not give any comparable figures.

In 2011, the group's life insurance unit Taiping Life Insurance Co realized RMB 31.46 billion in premium income, 4.74% less than in 2010, due to a slowing insurance market.

China Taiping Insurance Group currently serves more than 24 million corporate and individual customers.

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