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China Pacific Insurance's premiums hit RMB 33 bln in Jan-Feb

Mar. 13, 2012 (China Knowledge) - China Pacific Insurance (Group) Co Ltd<601601><2601>, the country's third-largest life insurer by premium, said yesterday that its premium income hit RMB 33 billion in the first two months of this year.

The figure reflected a 3.77% increase from the same period of last year.

The Shanghai and Hong Kong-listed insurer said in a statement that its premium income from life insurance business was RMB 22 billion in the reporting period, up 0.46% year on year.

The premium income from the property insurance business was RMB 11 billion in the first two months, up 11.11% from the corresponding period of 2011.

Pacific Insurance said earlier that its insurance premium income was RMB 19 billion in January, comprising RMB 12.2 billion in life insurance premium income and RMB 6.8 billion from property insurance business.

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