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China Pacific Insurance's premium income up 4% in Jan-Aug

Sep. 13, 2012 (China Knowledge) - China Pacific Insurance (Group) Co Ltd<601601><2601>, a major insurer in the country, announced yesterday that its insurance premium income amounted to RMB 112.7 billion in the first eight months of this year, up 4% year on year.

The company's life insurance unit booked a premium income of RMB 66.9 billion in the period, unchanged compared with the same period of 2011.

The company's property insurance unit saw its premium income reach RMB 45.8 billion from January to August, 10.4% more than in the corresponding period of last year.

China Pacific Insurance earlier this month announced its plan to raise HK$10.4 billion through a private placement to replenish working capital.







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