May. 16, 2012 (China Knowledge) - China Pacific Insurance (Group) Co Ltd<601601
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The company's life insurance unit booked a premium income of RMB 37.9 billion in the period, 2.8% less than in the same period of 2011.
However, the company's property insurance unit saw its premium income grow 6.9% YoY to RMB 23.2 billion.
China Pacific Insurance said earlier that its net profit fell 81.10% YoY to RMB 652 million in the first quarter of this year, and its revenue from insurance business climbed 2.6% YoY to RMB 49.39 billion in the period.