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Ping An Insurance's premium income up 10.15% in H1

Jul. 16, 2012 (China Knowledge) - Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer by premium income, has said that its insurance premium income amounted to RMB 127.65 billion in the first six months of this year, reflecting a YoY increase of 10.15%.

During the period from January to June, the group's life insurance unit, Ping An Life Insurance Co Ltd, realized RMB 75.37 billion in premium income, up 4.4% YoY, said the insurer in a statement filed with Shanghai Stock Exchange.

Premium income of its property and casualty insurance unit was RMB 48.75 billion in the first six months of 2012, increasing 19.68% from the same period of last year.

The group's health insurance unit and annuity insurance unit recorded premium income of RMB 120 million and RMB 3.41 billion, respectively, during the six-month period.

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