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Ping An Insurance's premium income up 11.88% in Jan-Aug

Sep. 11, 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 160.88 billion in the first eight months of this year, reflecting a YoY increase of 11.88%.

During the period from January to August, the group's life insurance unit, Ping An Life Insurance Co Ltd, realized RMB 91.90 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 64.66 billion in the first eight months of 2012.

The group's health insurance unit and annuity insurance unit recorded premium income of RMB 146 million and RMB 4.17 billion, respectively, during the eight-month period.

Ping An Insurance announced last month that its net profit attributable to shareholders rose 9.4% YoY to RMB 13.96 billion in the first half of this year.

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