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China Pacific's premium income hits RMB 61.1 bln in Jan-Apr

May. 16, 2012 (China Knowledge) - China Pacific Insurance (Group) Co Ltd<601601><2601>, a major insurer in the country, announced today that its insurance premium income amounted to RMB 61.1 billion in the first four months of this year.

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.

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