Mar. 13, 2012 (China Knowledge) - Ping An Insurance (Group) Co<601318
>, China's second-largest insurer by premium income, has said that its insurance premium income amounted to RMB 52.56 billion in the first two months of this year, 14.24% more than in the same period of last year.
The group's life insurance unit, Ping An Life Insurance Co Ltd, realized RMB 36.02 billion in premium income during the period, up 12.18% year on year.
Premium income of its property and casualty insurance unit was RMB 15.60 billion in the first two months, reflecting a growth of 19.1% year on year.
The group's health insurance unit and annuity insurance unit recorded premium income of RMB 36.56 million and RMB 910 million, up 23.6% and 17.57% from the corresponding period of 2011, respectively.