May. 17, 2012 (China Knowledge) - New China Life Insurance Co<601336><1336>, a major life insurer in China, has announced that its insurance premium income rose 13.76% YoY to RMB 41.69 billion in the first four months of this year.
In April, the life insurer booked RMB 6.61 billion in premium income, 18.84% more than in March.
China Life Insurance Co Ltd<601628
>, the country's largest life insurance company, experienced the biggest decline of 8.53% in premium income, which stood at RMB 133 billion in the first four months.
Ping An Life Insurance Co Ltd, the life insurance unit of Ping An Insurance (Group) Co<601318
>, realized RMB 56.92 billion in premium income in the period, reflecting a rise of 2.08% YoY.
China Pacific Insurance (Group) Co Ltd<601601
> saw its life insurance premiums fall 2.82% YoY to RMB 37.9 billion.