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China Taiping sees 11.56% rise in premium income in Jan-Jul

Aug. 14, 2012 (China Knowledge) - China Taiping Insurance Holdings Co Ltd<0966> announced yesterday that its insurance premium income totaled RMB 26.09 billion in the first seven months of this year, 11.56% more than the RMB 23.39 billion in the same period of last year.

The company said in a statement its life insurance business recorded RMB 21.27 billion insurance premium income, reflecting a growth of 7.31% year on year.

The property and casualty insurance business saw its premium income jump 27.91% YoY to RMB 4.27 billion in the seven-month period.

The pension insurance sector realized RMB 547 million in insurance premium income from January to July, 145.38% more than in the corresponding period of 2011.

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