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China Life's premium income down 3.25% in Jan-Aug

Sep. 14, 2012 (China Knowledge) - China Life Insurance Co Ltd<601628><2628>, the country's largest life insurance company, said yesterday that its insurance premium income reached RMB 229.3 billion in the first eight months of this year.

The figure reflects a decline of 3.25% from RMB 237 billion in the same period of last year, narrowing from a 5.57% drop in the first seven months.

In August, the company's insurance premium income was RMB 26 billion.

China Life's smaller rival Ping An Insurance (Group) Co<601318><2318> said earlier that its life insurance unit, Ping An Life Insurance Co Ltd, realized RMB 91.90  billion in premium income from January to August.
China Pacific Insurance (Group) Co Ltd<601601><2601> booked life insurance unit booked a premium income of RMB 66.9 billion in the period.

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