Feb. 17, 2012 (China Knowledge) - New China Life Insurance Co<601336><1336>, a major life insurer in China, announced yesterday that its un-audited insurance premium income amounted to RMB 49.1 billion in January, reflecting a year-on-year increase of 11.84% from RMB 43.9 billion.
In December 2011, the Shanghai
and Hong Kong-listed
insurer's premium income hit the monthly lowest RMB 17.1 billion in the past four years.
Ping An Life Insurance (Group) Co<601318
>, China's second largest life insurer, realized RMB 31.3 billion in premium income last month, consisting of RMB 21.12 billion in life insurance, RMB 9.69 billion in property and casualty insurance, RMB 24 million in healthy insurance and RMB 467 million in annuity insurance unit.
The country's third largest life insurer, China Pacific Insurance (Group) Co<601601
>, saw its premium income reach RMB 19 billion in January, comprising RMB 12.2 billion in life insurance and RMB 6.8 billion in property and casualty insurance sector.
Premium income of New China Life Insurance Co<601336><1336> stood at RMB 13.24 billion in January 2012, 16.4% more than in the same month of last year.