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China Pacific Insurance's premium income up 17% in Jun

Jul. 12, 2012 (China Knowledge) – China Pacific Insurance (Group) Co Ltd<601601><2601>, a major insurer in the country, realized RMB 15.8 billion in premium income in June, 17% more than it realized in May 2012.

Last month, the company's life insurance unit booked a premium income of RMB 9.6 billion in the period, grew 24.6% than a month earlier. However, the company's property insurance unit saw its premium income grew 6.9% MoM to RMB 6.2 billion.

From January to June 2012, the insurer's premium income totaled RMB 90.4 billion, 4.15% more than it realized in the same period of 2011.

The premium income from life insurance unit and property insurance units amounted to RMB 55.2 billion and RMB 3.52 billion during the six-month period, reflecting a YoY increase of 1.1% and 9.32%, respectively.

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