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PICC Property's premium income up 10.62% in H1

Jul. 13, 2012 (China Knowledge) - PICC Property & Casualty Co<2328>, China’s largest non-life insurer in terms of premiums, announced that its insurance premiums reached RMB 100.91 billion in the first half of this year.

The figure reflected a growth of 10.62% from the same period of last year.

The insurer's premium income for 2011 totaled RMB 173.4 billion, compared with RMB 153.9 billion it realized in 2010.

China Pacific Insurance (Group) Co Ltd<601601><2601>, a major insurer in the country, said earlier that its property insurance business generated RMB 35.2 billion of premium income in the first six months of this year, 9.32% more than in the corresponding period of last year.

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