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Ping An Insurance's premium income up 11.05% in Jan-Jul

Aug. 14, 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 143.79 billion in the first seven months of this year, reflecting a YoY increase of 11.05%.

During the period from January to July, the group's life insurance unit, Ping An Life Insurance Co Ltd, realized RMB 83.31 billion in premium income, said the insurer in a statement filed with Shanghai Stock Exchange.

Premium income of its property and casualty insurance unit was RMB 56.58 billion in the first seven months of 2012.

The group's health insurance unit and annuity insurance unit recorded premium income of RMB 133 million and RMB 3.77 billion, respectively, during the seven-month period.

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